Chaarat Gold Holdings Ltd Director/PDMR Shareholding (2525I)

TIDMCGH

RNS Number : 2525I

Chaarat Gold Holdings Ltd

15 June 2017

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Director/PDMR shareholding

Road Town, Tortola, British Virgin Islands (15(th) June 2017)

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed today that Labro Investments Limited ("Labro") holds 121,066,623 ordinary shares of US$ 0.01 each, representing 34.42% of the issued share capital of the Company, following purchases of 118,800 ordinary shares at a price of 19.225 pence per share, representing the average of the closing price for the five trading days between 5(th) and 9(th) June. The shares were acquired in an off market transaction from three former employees of the Company.

Martin Andersson (the Chairman of Chaarat) is indirectly beneficially interested in the majority of the shares in Labro.

Martin Andersson, Chairman of Chaarat, comments: "I was pleased to be able to assist some of our former Kyrgyz based employees realise their investment in Chaarat as it is difficult for them to access the capital markets. It is encouraging that another of our long serving employees also took the opportunity to substantially increase his holding at the same time."

In accordance with the announcement dated 12 April 2017, a further 1,923,454 ordinary shares of US$0.01 each may be acquired by the concert party within a period of three months from 12 April 2017 without triggering a requirement to make a mandatory offer under the Articles of Association of the Company.

Enquiries:

 
 Chaarat Gold Holdings 
  Limited                      + 44 (0) 20 7499 2612 
 c/o Central Asia Services     [e-mail] 
  Limited 
 Dekel Golan CEO 
  Linda Naylor FD 
 
   Numis Securities Limited    [phone] 
 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/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                Ordinary shares of US$0.01 
        the financial                 each 
        instrument, type 
        of instrument 
---- 
       Identification                VGG203461055 
        code 
----  ----------------------------  ----------------------  ------------- 
 b)    Nature of the                 Acquisition of ordinary 
        transaction                   shares off market 
----  ----------------------------  --------------------------------------- 
 c)    Currency                      GBP 
----  ----------------------------  --------------------------------------- 
 d)    Price(s) and volume(s)         Price(s)               Volume(s) 
----  ----------------------------   ---------------------  ------------- 
    19.225 pence                                               118,800 
   -------------------------------------------------------  ------------- 
 e)      Aggregated information 
      *    Aggregated volume 
    118,800 
     19.225 pence 
      *    Aggregated price       GBP 22,839.30 
 
 
      *    Aggregated total 
 ----------------------------------------------------  -------------------- 
 f)    Date of the transaction       15 June 2017 
----  ----------------------------  --------------------------------------- 
 g)    Place of the transaction      Off market 
----  ----------------------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBUGDLDUBBGRU

(END) Dow Jones Newswires

June 15, 2017 11:57 ET (15:57 GMT)