TIDMCGH

RNS Number : 9025O

Chaarat Gold Holdings Ltd

07 October 2019

7 October 2019

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, has been informed that Labro Investments Limited, in which the Company's Chairman Martin Andersson is indirectly beneficially interested in the majority of shares, purchased 200,000 Chaarat shares on the market at an aggregate share price of 36.6 pence per share on 3 October 2019 and 225,860 Chaarat shares on the market at an aggregate share price of 35.9 pence per share on 9 October 2019.

Following this purchase Labro Investments Limited held 145,130,976 Shares, representing 32.88% of the issued share capital of the Company.

Enquiries

 
Chaarat Gold Holdings Limited 
 Artem Volynets (CEO)               +44 (0)20 7499 2612 
                                  info@chaarat.com 
 
Numis Securities Limited 
John Prior, Paul Gillam (NOMAD)   +44 (0) 20 7260 1000 
James Black (Corporate Broking) 
 
SP Angel                          +44 (0) 20 3470 0470 
Ewan Leggat (Joint Broker) 
 
Tavistock 
Charles Vivian                    +44 (0)20 7920 3150 
Gareth Tredway                    chaarat@tavistock.co.uk 
 Barney Hayward 
 

About Chaarat

Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company with an initial focus on Central Asia and the FSU through organic growth and selective M&A.

Chaarat is engaged in active community engagement programmes to optimise the value of the Chaarat investment proposition.

Chaarat aims to create value for its shareholders, employees and communities from its high-quality gold and mineral deposits by building relationships based on trust and operating to the best environmental, social and employment standards. Further information is available at www.chaarat.com.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   Labro Investments Limited 
      -------------------------------------  --------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position / status                      Person/Entity closely associated 
                                               with the Chairman 
      -------------------------------------  --------------------------------------- 
 b)    Initial notification                   Initial notification 
        / amendment 
      -------------------------------------  --------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------ 
 a)    Name                                   Chaarat Gold Holdings Limited 
      -------------------------------------  --------------------------------------- 
 b)    Legal entity identifier                213800T2A5CV84VTFJ70 
      -------------------------------------  --------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of 
        transaction; (iii) each date; and (iv) each place where 
        transactions have been conducted 
      ------------------------------------------------------------------------------ 
 a)    Description of the                     Ordinary shares of US$0.01 each 
        financial instrument, 
        type of instrument 
       Identification code                    VGG203461055 
      -------------------------------------  --------------------------------------- 
 b)    Nature of the transaction              Acquisition of ordinary shares in 
                                               the market 
      -------------------------------------  --------------------------------------- 
 c)    Currency                               GBP 
      -------------------------------------  --------------------------------------- 
 d)    Price(s) and volume(s)                  Price(s)           Volume(s) 
      -------------------------------------   -----------------  ----------------- 
                                               0.3660000          200,000 
  ------------------------------------------  -----------------  ----------------- 
 e)    Aggregated information                  200,000 
    *    Aggregated volume                 36.60000 pence 
     GBP 73,200.00 
 
    *    Aggregated price 
 
 
    *    Aggregated total 
 --------------------------------------  ------------------------------------------- 
 f)    Date of the transaction                3 October 2019 
      -------------------------------------  --------------------------------------- 
 g)    Place of the transaction               XLON 
      -------------------------------------  --------------------------------------- 
 
 
 5     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                              Labro Investments Limited 
      --------------------------------  ----------------------------------------- 
 6     Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position / status                 Person/Entity closely associated 
                                          with the Chairman 
      --------------------------------  ----------------------------------------- 
 b)    Initial notification              Initial notification 
        / amendment 
      --------------------------------  ----------------------------------------- 
 7     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                              Chaarat Gold Holdings Limited 
      --------------------------------  ----------------------------------------- 
 b)    Legal entity identifier           213800T2A5CV84VTFJ70 
      --------------------------------  ----------------------------------------- 
 8     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of 
        transaction; (iii) each date; and (iv) each place where 
        transactions have been conducted 
      --------------------------------------------------------------------------- 
 a)    Description of the                Ordinary shares of US$0.01 each 
        financial instrument, 
        type of instrument 
       Identification code               VGG203461055 
      --------------------------------  ----------------------------------------- 
 b)    Nature of the transaction         Acquisition of ordinary shares in 
                                          the market 
      --------------------------------  ----------------------------------------- 
 c)    Currency                          GBP 
      --------------------------------  ----------------------------------------- 
 d)    Price(s) and volume(s)                    Price(s)        Volume(s) 
      --------------------------------          --------------  ------------ 
                                                 0.3542985       25,860 
                                                  0.3600000       200,000 
  --------------------------------------------  --------------  ------------  --- 
 e)    Aggregated information             225,860 
    *    Aggregated volume            35.93472 pence 
     GBP 81,162.16 
 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------  -------------------------------------- 
 f)    Date of the transaction           4 October 2019 
      --------------------------------  ----------------------------------------- 
 g)    Place of the transaction          XLON 
      --------------------------------  ----------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

HOLUNONRKWARRAA

(END) Dow Jones Newswires

October 07, 2019 02:00 ET (06:00 GMT)

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