Chaarat Gold Holdings Ltd Director/PDMR Shareholding (9657K)

TIDMCGH

RNS Number : 9657K

Chaarat Gold Holdings Ltd

13 July 2017

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Director/PDMR shareholding

Road Town, Tortola, British Virgin Islands (13(th) July 2017)

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 12(th) July that Labro Investments Limited ("Labro") holds 121,598,037 ordinary shares of US$ 0.01 each, representing 34.57% of the issued share capital of the Company, following purchases on 11(th) July of 50,000 ordinary shares at a price of 15.60 pence per share, 50,000 ordinary shares at a price of 15.95 pence per share and 50,000 ordinary shares at a price of 16.6929 pence per share.

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

In accordance with the announcement dated 11 July 2017, a further 633,622 ordinary shares of US$0.01 each may be acquired by the concert party within a period of three months from 12 July 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 
 Robert Benbow 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 in the market 
----  -----------------------------  ---------------------------------------- 
 c)    Currency                       GBP 
----  -----------------------------  ---------------------------------------- 
 d)    Price(s) and volume(s)                 Price(s)         Volume(s) 
----  -----------------------------  ------  ---------------  ------------ 
                                              15.60              50,000 
                                               15.95              50,000 
                                               16.6929            50,000 
  -----------------------------------------  ---------------  ------------ 
 e)    Aggregated information 
    *    Aggregated volume 
    150,000 
     16.0809667 pence 
    *    Aggregated price          GBP 24,121.45 
 
 
    *    Aggregated total 
 -------------------------------------  ------------------------------------- 
 f)    Date of the transaction        11 July 2017 
----  -----------------------------  ---------------------------------------- 
 g)    Place of the transaction       XLON 
----  -----------------------------  ---------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 13, 2017 04:12 ET (08:12 GMT)