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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Chaarat Gold Holdings Ltd | AQSE:CGH.GB | Aquis Stock Exchange | Ordinary Share | VGG203461055 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.247 | -8.10% | 2.803 | 2.80 | 3.30 | 3.05 | 2.803 | 3.05 | 36,015 | 08:21:59 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCGH
RNS Number : 5374L
Chaarat Gold Holdings Ltd
03 October 2016
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Holdings in Company
Road Town, Tortola, British Virgin Islands (3 October 2016)
Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 30 September of the following shareholdings in the Company following the placing announced on 27 September 2016.
-- Labro Investments Limited now holds 111,583,314 ordinary shares of US$0.01 each, representing 31.7% of the issued share capital of the Company. Martin Andersson is indirectly beneficially interested in the majority of the shares.
-- Sarastro Group Limited holds 10,989,000 ordinary shares of US$0.01 each, representing 3.12% of the issued share capital of the Company.
As announced on 27 September 2016, Martin Wiwen-Nilsson, Dominik Dolenec, Abingdon Trust, Willem De Geer and Sarastro Group Limited (or in each case his or its nominee) are being treated as concert parties of Labro (together with Labro the "Concert Party") for the purposes of the Articles of Association of the Company. Following completion of the Placing, the Concert Party holds 136,858,034 Ordinary Shares representing 38.9% of the Enlarged Share Capital.
As the Placing was oversubscribed and Placing applications by members of the Concert Party were scaled back, it has been agreed as part of the Placing that members of the Concert Party may acquire up to a further 21,611,714 Ordinary Shares (excluding Ordinary Shares issued on exercise of Labro Warrants) within a period of six months following Admission without triggering a requirement to make a mandatory offer under the Articles.
Shareholders are reminded that all members of the Concert Party (other than the director of the Company Martin Wiwen-Nilsson), although associates of the Chairman Martin Andersson, act independently, solely in their own interests and have no direct involvement with the Company. This will mean that, subject to the waiver detailed above, any purchase of shares by any member of the Concert Party must be notified to the Board so that the Independent Directors can decide whether to exercise their discretion to waive the requirement to make a mandatory offer to all shareholders.
The Board believes this is best practice for corporate governance purposes so that there is no perception that Shares are being accumulated with the objective of acquiring the Company at a potentially depressed valuation and is a valuable protection for other shareholders of the Company.
Enquiries:
Chaarat Gold Holdings Limited + 44 20 7499 2612 c/o Central Asia Services info@chaarat.com Limited Dekel Golan CEO Linda Naylor FD Numis Securities Limited +44 (0) 20 7260 1000 John Prior, Paul Gillam (NOMAD) James Black (Broker)
About Chaarat Gold
Chaarat Gold is an exploration and development company operating in the Kyrgyz Republic with a large, high grade resource - the Chaarat Gold Project. The Company's key objective is to become a low cost gold producer generating significant production from the development of the Chaarat Gold Project. Chaarat is engaged in an active community engagement programme 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 in the Kyrgyz Republic 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 closely associated with incoming Chairman -------- ------------------------------ ---------------------------------------- b) Initial notification Initial notification / amendment -------- ------------------------------ ---------------------------------------- 4 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor -------- ------------------------------------------------------------------------ a) Name Chaarat Gold Holdings Limited -------- ------------------------------ ---------------------------------------- b) Legal entity N/A identifier -------- ------------------------------ ---------------------------------------- 5 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 Ordinary shares of US$0.01 the financial each instrument, type of instrument Identification VGG203461055 code -------- ------------------------------ ---------------------------------------- b) Nature of the Acquisition of new ordinary transaction shares in a placing -------- ------------------------------ ---------------------------------------- c) Currency GBP -------- ------------------------------ ---------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) -------- ------------------------------ ------------------ ----------------- 5.25 pence 41,758,250 ---------------------------------------------------------- ----------------- e) Aggregated information * Aggregated volume 41,758,250 5.25 pence * Aggregated price * Aggregated total --------------------------------------------------- ---------------------------- f) Date of the transaction 30 September 2016 -------- ------------------------------ ---------------------------------------- g) Place of the United Kingdom transaction -------- ------------------------------ ---------------------------------------- 1. Details of the person discharging managerial responsibilities / person closely associated -------- ------------------------------------------------------------------------ a) Name Martin Wiwen-Nilsson -------- ------------------------------ ---------------------------------------- 2. Reason for the notification -------- ------------------------------------------------------------------------ a) Position / status Incoming 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 N/A identifier -------- ------------------------------ ---------------------------------------- 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 Ordinary shares of US$0.01 the financial each instrument, type of instrument Identification VGG203461055 code -------- ------------------------------ ---------------------------------------- b) Nature of the Acquisition of new ordinary transaction shares in a placing -------- ------------------------------ ---------------------------------------- c) Currency GBP -------- ------------------------------ ---------------------------------------- d) Price(s) and Price(s) Volume(s) volume(s) -------- ------------------------------ ------------------- ---------------- 5.25 pence 7,326,010 ----------------------------------------------------------- ---------------- e) Aggregated information * Aggregated volume 7,326,010
5.25 pence * Aggregated price * Aggregated total ---------------------------------------------------- --------------------------- f) Date of the transaction 30 September 2016 -------- ------------------------------ ---------------------------------------- g) Place of the United Kingdom transaction -------- ------------------------------ ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLUOASRNSARRAA
(END) Dow Jones Newswires
October 03, 2016 10:17 ET (14:17 GMT)
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