TIDMCGH

RNS Number : 3606V

Chaarat Gold Holdings Ltd

06 August 2020

6 August 2020

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, has been informed that Labro Investments Limited ("Labro"), the majority of shares in which the Company's Chairman, Martin Andersson, is indirectly beneficially interested, has made the following market purchases of ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares"):

 
 --   on 4 August 2020, 150,000 Ordinary Shares at an aggregate 
       price of approximately 33.0 pence per Ordinary Share; 
       and 
 --   on 5 August 2020, 39,173 Ordinary Shares at an aggregate 
       price of 35.2 pence per Ordinary Share. 
 

Following these purchases, Labro now holds 203,017,615 Ordinary, representing 38.70% of the Company's issued share capital. The combined holding of Labro and Martin Andersson is now 208,847,611 Ordinary Shares representing 39.81% of the Company's issued share capital.

 
Enquiries 
 
Chaarat Gold Holdings Limited   +44 (0)20 7499 2612 
Artem Volynets (CEO)            info@chaarat.com 
 
Numis Securities Limited 
Paul Gillam (NOMAD)             +44 (0) 20 7260 1000 
 
SP Angel Corporate Finance 
 LLP                            + 44 (0) 20 3470 0470 
Ewan Leggat (Joint Broker) 
 
finnCap Limited                 +44 (0)20 7220 0500 
Christopher Raggett (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 - 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         Acquisition of ordinary shares in 
                                                    the market 
                --------------------------------  ----------------------------------------- 
 c)              Currency                          GBP 
                --------------------------------  ----------------------------------------- 
 d)              Price(s) and volume(s)                    Price(s)        Volume(s) 
                --------------------------------          --------------  ------------ 
                                                           0.3270000       30,546 
                                                            0.3350000       50,000 
                                                            0.3280000       69,454 
  ------------------------------------------------------  --------------  ------------  --- 
 e)              Aggregated information 
    *    Aggregated volume           150,000 
     33.01297 pence 
     GBP 49,519.45 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------  ------------------------------------------------ 
 f)              Date of the transaction           4 August 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 of ordinary shares in 
                                                    the market 
                --------------------------------  ----------------------------------------- 
 c)              Currency                          GBP 
                --------------------------------  ----------------------------------------- 
 d)              Price(s) and volume(s)                    Price(s)        Volume(s) 
                --------------------------------          --------------  ------------ 
                                                           0.3550000       16,200 
                                                            0.3496529       22,973 
  ------------------------------------------------------  --------------  ------------  --- 
 e)              Aggregated information 
    *    Aggregated volume           39,173 
     35.18643 pence 
     GBP 13,783.58 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------  ------------------------------------------------ 
 f)              Date of the transaction           5 August 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

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August 06, 2020 04:59 ET (08:59 GMT)

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