TIDMCGH
RNS Number : 6997J
Chaarat Gold Holdings Ltd
15 April 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Not for release, publication or distribution to United States
newswire services or for release, publication or dissemination in
the United States and does not constitute an offer of the
securities herein.
This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, securities in the United States or
any other jurisdiction. Any securities described in this press
release have not been, and will not be, registered under the US
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent registration except in transactions
exempt from, or not subject to, registration under the US
Securities Act and applicable US state securities laws. There is no
public offering of the securities in the United States
expected.
15 April 2020
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Proposed Equity Capital Raise and Funding Update
Chaarat (AIM:CGH), the AIM-quoted gold mining company with
assets in the Kyrgyz Republic and Armenia is pleased to announce
that it is launching a placing (the "Placing") to raise at least
US$12 million via the issue of new ordinary shares in the Company
(the "New Ordinary Shares") at 26 pence per New Ordinary Share (the
"Placing Price"). The Company already has commitments from its
major shareholders, all board members and senior management to
invest in excess of US$12 million by way of fresh investment or
conversion of existing debt in the Placing and is open to receiving
additional offers on the same terms as above.
In addition, further to the announcement made on 9 April 2020
(RNS 4146J), the Company has finalized all terms relating to the
extension of its US$17 million loan plus US$2.4 million of accrued
interest to a maturity date of 31 December 2020 (the "Loan
Extension"). In particular, the Company has also finalised the
compensation structure with Labro Investments Limited ("Labro") in
respect of the guarantee provided to secure the Loan Extension. The
working capital facility provided by Labro (the "Labro Facility")
has also been extended to 31 December 2020.
The Placing will enable the Company to opportunistically
strengthen its balance sheet at an important stage of the Company's
development against a backdrop of macro-economic uncertainty. The
proceeds of the Placing alongside the Loan Extension will enable
Company to progress its construction schedule and drilling program
at Tulkubash during the summer season. Moreover, the funds will
also be used to further advance the high-grade Kyzyltash project as
well as accelerate selected M&A opportunities and importantly
reduce overall Company indebtedness.
Highlights of the proposed Placing
- The Company has received a commitment of US$10 million from
Labro, the Company's largest shareholder with approximately 35.15%
equity ownership of which US$5 million is a cash commitment and
US$5 million represents a debt conversion reducing the outstanding
drawdown of the Labro Facility.
- All board members, senior management, the Company's largest
institutional shareholder and other existing investors have agreed
to subscribe for at least US$2 million in the Placing.
- The Company is open to receiving additional commitments in the
Placing with any further funds being allocated to increase the
Company's liquidity buffer and advance its strategic projects
within this year.
- The financing announced today allows Chaarat to strengthen its
balance sheet, confirming its ability to refinance and optimise its
capital structure even in these challenging market conditions.
Placing
Chaarat is pleased to announce an equity capital raise of a
minimum of US$12 million, including commitments from its major
shareholder and other existing shareholders, all board members and
senior management through direct cash subscription as well as
through the offset of accrued or future fees and salaries over the
next two quarters . The Company is open to receiving additional
commitments in the Placing from existing shareholders and other
institutional investors at the Placing Price by 24 April 2020.
Labro has placed a firm order of US$10 million in the Placing.
This commitment consists of a cash component of US$5 million and
the conversion of US$5 million of the outstanding liabilities under
the Labro Facility which will be reduced to approximately US$1
million as a result. Pursuant to the conversion, the Company will
offset Labro's firm order to subscribe for 30,457,692 New Ordinary
Shares at the Placing Price (the "Labro Placing Shares")(1) under
the Placing against US$5 million of the Company's current
indebtedness under the Labro Facility.
The Company still has the ability to draw up to a further US$7
million under the Labro Facility on or before 31 December 2020, an
extension of in excess of five months.
All funds raised will be used to enhance the Company's liquidity
buffer and further progress one or more of our strategic targets,
namely:
- fund ongoing work at our Tulkubash project to enhance
development within this construction season
- further define identified target areas in the 2019 drilling
programme at Tulkubash to grow the resource and update the mine
life accordingly
- engage on technical work to advance the Kyzyltash project
further in accordance with international best practice
standards
- accelerate the Company's efforts to proceed with selected
M&A transactions and where possible seek the opportunities in
the current environment for attractive growth projects
- reduce the Company's existing indebtedness in order to
strengthen the balance sheet and reduce interest expense
The Placing is an essential step to deliver on the financial
targets previously set out by Chaarat and to optimise the financial
capital structure at this given time. It further supports the
Company in the next months with the uncertainty of the COVID-19
situation affecting the global economy with the benefit of
increased liquidity and reduced interest demands. In the meantime,
the Company emphasizes that its operations continue set out in its
announcements of 27 March 2020 and 9 April 2020 with precautionary
measures in place.
Extension of the Loan and agreements with Labro
Furthermore, as also announced on 9 April 2020 (RNS 4146J), the
existing US$17 million investor loan and US$ 2.4 million in accrued
interest (the "Loan") has been extended to 31 December 2020.
Chaarat has the option to prepay all or part of the Loan without
penalty at any time and further secured an option that if Chaarat
repays US$5 million before 30 May 2020 then the maturity of the
remaining US$12 million of the Loan will automatically extend to 31
March 2021.
Labro has provided a guarantee and security package to the
lender for the full amount of the Loan. In addition, under the
Company's current indebtedness, Labro has previously provided a
committed working capital facility announced by the Company on 14
December 2018. As part of this current refinancing activity, the
Labro Facility has been extended to 31 December 2020.
As payment for the above, Chaarat will compensate Labro via the
issue of 12,000,000 new ordinary shares of US$ 0.01 each in the
Company (the "Labro Security Fee Shares")(2) . Another 8,000,000
new ordinary shares will be issued to Labro on 31 October 2020 if
the Loan has not been repaid in its entirety by Chaarat by that
date.
Related Party Transactions
The arrangements with Labro and Martin Andersson to i) guarantee
the Loan, ii) extend the maturity of the Labro Facility, iii)
subscribe in the Placing, and iv) convert US$5m of outstanding debt
(under the Labro Facility) into equity, constitute related party
transactions under AIM Rule 13 of the AIM Rules for Companies (the
"AIM Rules") as Labro is a substantial shareholder of the Company
and Martin Andersson (the executive chairman of Chaarat) is
indirectly beneficially interested in the majority of the shares in
Labro. The independent directors of the Company (all of the
Company's Directors save Martin Andersson) consider, having
consulted with the Company's nominated adviser and senior
management, that the terms of the transactions are fair and
reasonable insofar as the Company's shareholders are concerned.
On 14 April 2020 the Board (excluding Martin Andersson)
exercised its discretion to waive the requirement for a mandatory
offer under Regulation 19 of the Company's articles of association
in respect of the matters disclosed in this announcement (2) .
The Company will host an investor and analyst webcast on 16
April 2020 at 10 am BST to provide an update on current operational
and financial developments and set out the terms of the proposed
Placing. Details for the webcast will be provided shortly.
Artem Volynets, Chief Executive Officer of Chaarat, said:
"We are pleased to announce a comprehensive set of measures to
strengthen Chaarat's balance sheet and we are delighted to see such
strong support from our equity and debt investors in the current
challenging market environment.
We are also proud to report full alignment of interests between
the Company's management and its key stakeholders with all board
members and top management investing in the Placing. We all believe
that strengthening of our balance sheet and the stability of our
operations give us the ability to continue executing on our growth
strategy and take advantage of opportunities presented."
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014
(1) The Placing Shares, when issued, will be fully paid and will
rank pari passu in all respects with the existing Ordinary Shares,
including the right to receive all dividends and other
distributions declared, made or paid after the date of issue.
Participation in the Placing will be for invited subscribers only
and members of the public are not eligible to take part in the
Placing. The details of the Placing in this announcement are for
information purposes only and do not constitute an offer to sell or
issue, or the solicitation of an offer to buy or subscribe for
Placing Shares. No public offer of securities of the Company is
being made in the United Kingdom, the United States or
elsewhere.
(1, 2) Regulation 19 Waiver
There is a provision in the Company's articles of association
(Regulation 19) which states that the Board has the right to
require any holder of more than 20% of ordinary shares in the
capital of the Company (the "Ordinary Shares") to make a mandatory
offer to all the Company's shareholders to acquire their Ordinary
Shares if they acquire an additional interest in any Ordinary
Shares.
The Labro Security Fee Shares, Labro Placing Shares issued and
to be issued to Labro do not fall under the waiver for market share
purchases of up to three million Ordinary Shares announced by the
Company on 24 February 2020 (RNS number 8217D). On 14 April 2020
the Board (excluding Martin Andersson) exercised its discretion to
waive the requirement for a mandatory offer for the Company by
Labro, to allow Labro to receive the Labro Placing Shares and the
Labro Security Fee Shares and to allow Mr Andersson to subscribe in
the Placing.
(2) An application is being made to the London Stock Exchange
for the Labro Security Fee Shares to be admitted to trading on AIM,
and it is expected that admission will become effective and trading
of the New Ordinary Shares will commence on or around 8:00am
(London time) on 21 April 2020.
Following the admission of the Labro Security Fee Shares, the
Company's enlarged issued share capital will comprise 482,152,855
ordinary shares of US$0.01 each. This figure may be used by
shareholders of the Company as the denominator for the calculations
by which they will determine whether they are required to notify
their interests in, or a change to their interest in, the Company
under the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules Sourcebook.
Enquiries
Chaarat Gold Holdings Limited +44 (0)20 7499 2612
Artem Volynets (CEO) info@chaarat.com
Numis Securities Limited +44 (0) 20 7260 1000
John Prior, Paul Gillam
(NOMAD)
James Black (Corporate Broking)
SP Angel Corporate Finance
LLP +44 (0) 20 3470 0470
Ewan Leggat (Joint Broker)
finnCap Limited +44 (0)20 7220 0500
Scott Mathieson (Joint Broker)
Camille Gochez (Joint Broker)
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
Appendix 1 - PDMR forms
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 Remuneration in shares under a
security fee agreement
------------------------------------- --------------------------------------
c) Currency GBP
------------------------------------- --------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------- -----------------
26p 12,000,000
------------------------------------------ ---------------- -----------------
e) Aggregated information
* Aggregated volume 12,000,000
26 pence
GBP3,120,000
* Aggregated price
* Aggregated total
-------------------------------------- ------------------------------------------
f) Date of the transaction 14 April 2020
------------------------------------- --------------------------------------
g) Place of the transaction XLON
------------------------------------- --------------------------------------
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 by way of a placing
------------------------------------- --------------------------------------
c) Currency GBP
------------------------------------- --------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------- -----------------
26p 30,457,692
------------------------------------------ ---------------- -----------------
e) Aggregated information
* Aggregated volume 30,457,692
26 pence
GBP7,918,999.92
* Aggregated price
* Aggregated total
-------------------------------------- ------------------------------------------
f) Date of the transaction 15 April 2020
------------------------------------- --------------------------------------
g) Place of the transaction XLON
------------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Martin Andersson
------------------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position / status 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 by way of a placing
------------------------------------- -------------------------------------
c) Currency GBP
------------------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------- ----------------
26p 2,284,327
------------------------------------------ ---------------- ----------------
e) Aggregated information
* Aggregated volume 2,284,327
26 pence
GBP593,925.01
* Aggregated price
* Aggregated total
-------------------------------------- -----------------------------------------
f) Date of the transaction 15 April 2020
------------------------------------- -------------------------------------
g) Place of the transaction XLON
------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Hussein Barma
------------------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position / status Non-Executive 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 Acquisition by way of a placing
------------------------------------- -------------------------------------
c) Currency GBP
------------------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------- ----------------
26p 44,164
------------------------------------------ ---------------- ----------------
e) Aggregated information
* Aggregated volume 44,164
26 pence
GBP11,482.55
* Aggregated price
* Aggregated total
-------------------------------------- -----------------------------------------
f) Date of the transaction 15 April 2020
------------------------------------- -------------------------------------
g) Place of the transaction XLON
------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert Benbow
------------------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position / status Non-Executive 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 Acquisition by way of a placing
------------------------------------- -------------------------------------
c) Currency GBP
------------------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------- ----------------
26p 44,164
------------------------------------------ ---------------- ----------------
e) Aggregated information
* Aggregated volume 44,164
26 pence
GBP11,482.55
* Aggregated price
* Aggregated total
-------------------------------------- -----------------------------------------
f) Date of the transaction 15 April 2020
------------------------------------- -------------------------------------
g) Place of the transaction XLON
------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert Edwards
------------------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position / status Non-Executive 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 Acquisition by way of a placing
------------------------------------- -------------------------------------
c) Currency GBP
------------------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------- ----------------
26p 34,265
------------------------------------------ ---------------- ----------------
e) Aggregated information
* Aggregated volume 34,265
26 pence
GBP8,908.88
* Aggregated price
* Aggregated total
-------------------------------------- -----------------------------------------
f) Date of the transaction 15 April 2020
------------------------------------- -------------------------------------
g) Place of the transaction XLON
------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Warren Gilman
------------------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position / status Non-Executive 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 Acquisition by way of a placing
------------------------------------- -------------------------------------
c) Currency GBP
------------------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------- ----------------
26p 34,265
------------------------------------------ ---------------- ----------------
e) Aggregated information
* Aggregated volume 34,265
26 pence
GBP8,908.88
* Aggregated price
* Aggregated total
-------------------------------------- -----------------------------------------
f) Date of the transaction 15 April 2020
------------------------------------- -------------------------------------
g) Place of the transaction XLON
------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Artem Volynets
------------------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position / status Chief Executive Officer
------------------------------------- -------------------------------------
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 by way of a placing
------------------------------------- -------------------------------------
c) Currency GBP
------------------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------- ----------------
26p 228,433
------------------------------------------ ---------------- ----------------
e) Aggregated information
* Aggregated volume 228,433
26 pence
GBP59,392.50
* Aggregated price
* Aggregated total
-------------------------------------- -----------------------------------------
f) Date of the transaction 15 April 2020
------------------------------------- -------------------------------------
g) Place of the transaction XLON
------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gordon Wylie
------------------------------------- --------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position / status Senior Independent Non-Executive
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 Acquisition by way of a placing
------------------------------------- --------------------------------------
c) Currency GBP
------------------------------------- --------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ----------------- ----------------
26p 117,262
------------------------------------------ ----------------- ----------------
e) Aggregated information
* Aggregated volume 117,262
26 pence
GBP30,488.15
* Aggregated price
* Aggregated total
-------------------------------------- ------------------------------------------
f) Date of the transaction 15 April 2020
------------------------------------- --------------------------------------
g) Place of the transaction XLON
------------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Christopher Eger
------------------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position / status Chief Financial Officer
------------------------------------- -------------------------------------
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 by way of a placing
------------------------------------- -------------------------------------
c) Currency GBP
------------------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------- ----------------
26p 106,602
------------------------------------------ ---------------- ----------------
e) Aggregated information
* Aggregated volume 106,602
26 pence
GBP27,716.50
* Aggregated price
* Aggregated total
-------------------------------------- -----------------------------------------
f) Date of the transaction 15 April 2020
------------------------------------- -------------------------------------
g) Place of the transaction XLON
------------------------------------- -------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Darin Cooper
------------------------------------- -------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position / status Chief Operating Officer
------------------------------------- -------------------------------------
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 by way of a placing
------------------------------------- -------------------------------------
c) Currency GBP
------------------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------- ----------------
26p 106,602
------------------------------------------ ---------------- ----------------
e) Aggregated information
* Aggregated volume 106,602
26 pence
GBPGBP27,716.50
* Aggregated price
* Aggregated total
-------------------------------------- -----------------------------------------
f) Date of the transaction 15 April 2020
------------------------------------- -------------------------------------
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
IOEEAKLSFADEEEA
(END) Dow Jones Newswires
April 15, 2020 02:30 ET (06:30 GMT)
Chaarat Gold (LSE:CGH)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Chaarat Gold (LSE:CGH)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024