TIDMCGH

RNS Number : 0608P

Chaarat Gold Holdings Ltd

08 October 2019

8 October 2019

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Notification of transactions of directors/persons discharging managerial responsibilities (PDMRs) - Surrender of options and grant of share awards

The information contained in this notification is disclosed in accordance with the requirements of the EU Market Abuse Regulation.

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, announces that certain directors (PDMRs) have surrendered their existing outstanding options over ordinary shares in the Company, entitlements to options over ordinary shares in the Company and entitlements to the ordinary shares in the Company in return for the grant of restricted share units, as described in the appendix to this announcement.

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 
  Ewan Leggat (Joint Broker) 
 
  Tavistock Communications          +44 (0) 20 3470 0470 
Charles Vivian                     +44 7977297903 
 Gareth Tredway                     +44 7785974264 
 

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                                      Robert Benbow 
      ----------------------------------------  -------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------- 
 a)    Position / status                         Director 
      ----------------------------------------  -------------------------------------- 
 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                        Options over ordinary shares of 
        financial instrument,                     US$0.01 each 
        type of instrument 
       Identification code                       VGG203461055 
      ----------------------------------------  -------------------------------------- 
 b)    Nature of the transaction                 Surrender of options 
      ----------------------------------------  -------------------------------------- 
 c)    Currency                                  GBP 
      ----------------------------------------  -------------------------------------- 
 d)    Price(s) and volume(s)                     Exercise Price(s)       Volume(s) 
      ----------------------------------------   ----------------------  ----------- 
    GBP0.15                                                               3,500,000 
   --------------------------------------------------------------------  ----------- 
    GBP0.163                                                              500,000 
   --------------------------------------------------------------------  ----------- 
 e)    Aggregated information                     4,000,000 
         *    Aggregated volume                    GBP0.151625 
                                                   GBP606,500 
 
         *    Aggregated exercise price 
 
 
         *    Aggregated total exercise price 
      ----------------------------------------  -------------------------------------- 
 f)    Date of the transaction                   4 October 2019 
      ----------------------------------------  -------------------------------------- 
 g)    Place of the transaction                  Outside of a trading venue 
      ----------------------------------------  -------------------------------------- 
 
 
 5     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   Robert Benbow 
      -------------------------------------  ----------------------------------------------- 
 6     Reason for the notification 
      -------------------------------------------------------------------------------------- 
 a)    Position / status                      Director 
      -------------------------------------  ----------------------------------------------- 
 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              Grant of a restricted share award 
                                               under an award/surrender agreement. 
                                               The first half of the award vests 
                                               on 15 October 2019 and the second 
                                               half on 31 December 2020. Vesting 
                                               of each tranche is subject to continued 
                                               employment by Chaarat. 
      -------------------------------------  ----------------------------------------------- 
 c)    Currency                               GBP 
      -------------------------------------  ----------------------------------------------- 
 d)    Price(s) and volume(s)                  Price(s)                Volume(s) 
      -------------------------------------   ----------------------  -------------------- 
    GBP0.33                                                            720,566 
   -----------------------------------------------------------------  -------------------- 
 e)    Aggregated information                  720,566 
         *    Aggregated volume                 GBP0.33 
                                                GBP237,786.78 
 
         *    Aggregated price 
 
 
         *    Aggregated total 
      -------------------------------------  ----------------------------------------------- 
 f)    Date of the transaction                4 October 2019 
      -------------------------------------  ----------------------------------------------- 
 g)    Place of the transaction               Outside of a trading venue 
      -------------------------------------  ----------------------------------------------- 
 
 
 9     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                      Artem Volynets 
      ----------------------------------------  ------------------------------------------- 
 10    Reason for the notification 
      ------------------------------------------------------------------------------------- 
 a)    Position / status                         Director 
      ----------------------------------------  ------------------------------------------- 
 b)    Initial notification                      Initial notification 
        / amendment 
      ----------------------------------------  ------------------------------------------- 
 11    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 
      ----------------------------------------  ------------------------------------------- 
 12    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                        Options over ordinary shares of 
        financial instrument,                     US$0.01 each 
        type of instrument 
       Identification code                       VGG203461055 
      ----------------------------------------  ------------------------------------------- 
 b)    Nature of the transaction                 Surrender of entitlements to options 
                                                  under an award/surrender agreement 
      ----------------------------------------  ------------------------------------------- 
 c)    Currency                                  GBP 
      ----------------------------------------  ------------------------------------------- 
 d)    Price(s) and volume(s)                     Exercise Price(s)          Volume(s) 
      ----------------------------------------   -------------------------  ------------- 
    GBP0.25                                                                  1,500,000 
   -----------------------------------------------------------------------  ------------- 
 e)    Aggregated information                     1,500,000 
         *    Aggregated volume                    GBP0.25 
                                                   GBP375,000 
 
         *    Aggregated exercise price 
 
 
         *    Aggregated total exercise price 
      ----------------------------------------  ------------------------------------------- 
 f)    Date of the transaction                   4 October 2019 
      ----------------------------------------  ------------------------------------------- 
 g)    Place of the transaction                  Outside of a trading venue 
      ----------------------------------------  ------------------------------------------- 
 
 
            1    Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                                         Artem Volynets 
                -------------------------------------------  ------------------------------------------ 
 2               Reason for the notification 
                --------------------------------------------------------------------------------------- 
 a)              Position / status                            Director 
                -------------------------------------------  ------------------------------------------ 
 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                    Surrender of entitlements to shares 
                                                               under an award/surrender agreement 
                -------------------------------------------  ------------------------------------------ 
 c)              Currency                                     GBP 
                -------------------------------------------  ------------------------------------------ 
 d)              Price(s) and volume(s)                        Price(s)             Volume(s) 
                -------------------------------------------   -------------------  ------------------ 
    n/a                                                                             500,000 
   ------------------------------------------------------------------------------  ------------------ 
 e)              Aggregated information                        500,000 
                   *    Aggregated volume                       n/a 
                                                                n/a 
 
                   *    Aggregated exercise price 
 
 
                   *    Aggregated total exercise price 
                -------------------------------------------  ------------------------------------------ 
 f)              Date of the transaction                      4 October 2019 
                -------------------------------------------  ------------------------------------------ 
 g)              Place of the transaction                     Outside of a trading venue 
                -------------------------------------------  ------------------------------------------ 
 
 
 5     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                   Artem Volynets 
      -------------------------------------  ----------------------------------------------- 
 6     Reason for the notification 
      -------------------------------------------------------------------------------------- 
 a)    Position / status                      Director 
      -------------------------------------  ----------------------------------------------- 
 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              Grant of a restricted share award 
                                               under an award/surrender agreement. 
                                               The first half of the award vests 
                                               on 15 October 2019 and the second 
                                               half on 31 December 2020. Vesting 
                                               of each tranche is subject to continued 
                                               employment by Chaarat. 
      -------------------------------------  ----------------------------------------------- 
 c)    Currency                               GBP 
      -------------------------------------  ----------------------------------------------- 
 d)    Price(s) and volume(s)                  Price(s)                Volume(s) 
      -------------------------------------   ----------------------  -------------------- 
    GBP0.33                                                            742,424 
   -----------------------------------------------------------------  -------------------- 
 e)    Aggregated information                  742,424 
         *    Aggregated volume                 GBP0.33 
                                                GBP244,999.92 
 
         *    Aggregated price 
 
 
         *    Aggregated total 
      -------------------------------------  ----------------------------------------------- 
 f)    Date of the transaction                4 October 2019 
      -------------------------------------  ----------------------------------------------- 
 g)    Place of the transaction               Outside of a trading venue 
      -------------------------------------  ----------------------------------------------- 
 

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

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October 08, 2019 02:00 ET (06:00 GMT)

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