Chaarat Gold Holdings Ltd Holding(s) in Company (4839O)

TIDMCGH

RNS Number : 4839O

Chaarat Gold Holdings Ltd

07 November 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
  (i) 
 
 
 1. Identity of the issuer or the underlying 
  issuer of existing shares to which voting               Chaarat Gold Holdings Limited 
  rights are attached: ii 
-----------------------------------------------------  ------------------------------------------ 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                              ü 
---------------------------------------------------------------------------------------  -------- 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
---------------------------------------------------------------------------------------  -------- 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
---------------------------------------------------------------------------------------  -------- 
 An event changing the breakdown of voting rights 
---------------------------------------------------------------------------------------  -------- 
 Other (please      Acquisition of voting rights and financial instruments 
  specify):          with a similar economic effect to qualifying financial 
                     instruments pursuant to a distribution in specie 
-----------------  --------------------------------------------------------------------  -------- 
 
   3. Full name of person(s) subject             Labro Investments Limited 
   to the notification obligation: iii 
--------------------------------------------  --------------------------------------------------- 
 
    4. Full name of shareholder(s) 
    (if different from 3.):iv 
--------------------------------------------  --------------------------------------------------- 
 5. Date of the transaction and date 
  on which the threshold is crossed              4 November 2016 
  or reached: v 
--------------------------------------------  --------------------------------------------------- 
 6. Date on which issuer notified:             4 November 2016 
--------------------------------------------  --------------------------------------------------- 
 
   7. Threshold(s) that is/are crossed           Above 39% including financial instruments 
   or reached: vi, vii                           with a similar economic effect to qualifying 
                                                 financing instruments 
--------------------------------------------  --------------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares viii, ix 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type of    Situation previous                Resulting situation after the triggering 
 shares            to the triggering                 transaction 
                   transaction 
 if possible 
 using 
 the ISIN CODE 
---------------  --------------------------------  ------------------------------------------------------------------- 
                  Number of        Number of        Number of        Number of voting             % of voting rights 
                   Shares           Voting Rights    shares           rights                       x 
---------------  ---------------  ---------------  ---------------  ---------------------------  --------------------- 
                                                    Direct           Direct xi        Indirect    Direct      Indirect 
                                                                                       xii 
---------------  ---------------  ---------------  ---------------  ---------------  ----------  -----------  -------- 
 VGG203461055 
  Ordinary 
  shares 
  of US$0.01 
  each               115,677,463      115,677,463      115,827,463      115,827,463         N/A       32.9%        N/A 
---------------  ---------------  ---------------  ---------------  ---------------  ----------  -----------  -------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------- 
 Type of financial   Expiration   Exercise/           Number of voting        % of voting 
 instrument          date xiii    Conversion Period   rights that may         rights 
                                   xiv                 be 
                                                      acquired if the 
                                                      instrument is 
                                                      exercised/ converted. 
------------------  -----------  ------------------  ----------------------  ------------ 
 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
  xv, xvi 
--------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
--------------------------------------------------------------------------------------------------------------- 
 Type of financial        Exercise     Expiration    Exercise/        Number of voting     % of voting rights 
  instrument               price        date xvii     Conversion       rights instrument    xix, xx 
                                                      period xviii     refers to 
-----------------------  -----------  ------------  ---------------  -------------------  --------------------- 
 Warrants to subscribe    US$0.234     17            To 17                                 Nominal      Delta 
  for new ordinary         per new      December      December 
  shares of                ordinary     2019          2019 
  $0.01 each               share 
-----------------------  -----------  ------------  ---------------  -------------------  -----------  -------- 
                                                                      21,367,521           6.1% 
   ----------------------------------------------------------------  -------------------  -----------  -------- 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 137,194,984               39.0% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------ 
 
   Labro Investments Limited is majority owned by Kleber Private Trust Company 
   Limited, acting as trustees for and on behalf of a family trust. Martin 
   Andersson is indirectly beneficially interested in the majority of the 
   shares. 
------------------------------------------------------------------------------ 
 
 
 Proxy Voting: 
------------------------------------------------------ 
 10. Name of the proxy holder:                   N/A 
----------------------------------------------  ------ 
 11. Number of voting rights proxy holder will 
  cease to hold:                                   N/A 
----------------------------------------------  ------ 
 12. Date on which proxy holder will cease to 
  hold voting rights:                              N/A 
----------------------------------------------  ------ 
 
 
                                  The percentage of voting rights is 
   13. Additional information:     based on the total shares in issue 
                                   number of 351,775,832 ordinary shares 
                                   as set out in the announcement from 
                                   Chaarat Gold Holdings Limited on 27 
                                   September 2016. 
-------------------------------  --------------------------------------- 
 14. Contact name:                Edward Allanby 
-------------------------------  --------------------------------------- 
 15. Contact telephone number:    [phone] 
-------------------------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 07, 2016 04:15 ET (09:15 GMT)