Chaarat Gold Holdings Ltd Holding(s) in Company (7940X)

TIDMCGH

RNS Number : 7940X

Chaarat Gold Holdings Ltd

24 February 2017

 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
---------------------------------------------------------------------------------------------------------------------- 
 1. Identity of the issuer or 
  the underlying issuer of existing                          Chaarat Gold Holdings Limited 
  shares to which voting 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 
  specify):                                                  instruments with a similar economic effect 
                                                             to qualifying financial instruments pursuant 
                                                             to a distribution in specie 
----------------------------------------------------  --------------------------------------------------------  ------ 
 
   3. Full name of person(s)                               Labro Investments Limited 
   subject 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                          22 February 2017 
  is crossed or reached: v 
------------------------------------------------------  -------------------------------------------------------------- 
 6. Date on which issuer notified:                       22 February 2017 
------------------------------------------------------  -------------------------------------------------------------- 
 7. Threshold(s) that is/are 
  crossed or reached: vi, vii                              Above 34% in voting rights 
------------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares viii, ix 
------------------------------------------------------------------------------------------------------------------------------ 
 Class/type     Situation previous                    Resulting situation after the 
  of shares      to the triggering                     triggering transaction 
                 transaction 
  if possible 
  using the 
  ISIN CODE 
-------------  ------------------------------------  ------------------------------------------------------------------------- 
                Number             Number             Number             Number of voting              % of voting 
                 of Shares          of Voting          of shares          rights                        rights x 
                                    Rights 
-------------  -----------------  -----------------  -----------------  ----------------------------  ------------------------ 
                                                      Direct             Direct           Indirect     Direct      Indirect 
                                                                          xi               xii 
-------------      -------------    -------------    -----------------  ---------------  -----------  ----------  ------------ 
 VGG203461055 
                                                                                         ----------- 
 Ordinary 
 shares of 
 US$0.01 each    119,458,517        119,458,517        120,058,517        120,058,517         N/A        34.1%            N/A 
-------------  -----------------  -----------------  -----------------  ---------------  -----------  ----------  ------------ 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------ 
 Type of            Expiration       Exercise/ Conversion                  Number of voting              % of voting 
 financial           date xiii        Period xiv                            rights that                   rights 
 instrument                                                                 may 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          Exercise         Expiration       Exercise/          Number of voting                % of voting 
 financial         price           date xvii        Conversion          rights instrument               rights xix, 
 instrument                                         period              refers to                       xx 
                                                    xviii 
---------------  ---------------  ---------------  -----------------  ------------------------------  ------------------------ 
 Warrants to      15p per          17               To 17                                              Nominal       Delta 
 subscribe         new ordinary     December         December 
 for new           share            2019             2019 
 ordinary 
 shares of 
 $0.01 each 
---------------  ---------------  ---------------  -----------------                                  ------------  ---------- 
                                                                       21,367,521                      6.1% 
-------------      -------------    -------------      -------------  ------------------------------  ------------  ---------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------ 
 Number of voting rights                                Percentage of voting rights 
-----------------------------------------------------  ----------------------------------------------------------------------- 
 141,426,038                                            40.2% 
-----------------------------------------------------  ----------------------------------------------------------------------- 
 
 
 
 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 
   13. Additional information:                       rights is based on the total 
                                                     shares in issue number of 
                                                     351,775,832 ordinary shares 
                                                     as at 23 December 2016 as 
                                                     set out in the share capital 
                                                     section at the Chaarat Gold 

                                                     Holdings Limited website 
                                                     www.chaarat.com. 
-------------------------------------------------  ------------------------------ 
 14. Contact name:                                  Edward Allanby 
-------------------------------------------------  ------------------------------ 
 15. Contact telephone number:                      [phone] 
-------------------------------------------------  ------------------------------ 
 
 

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February 24, 2017 04:31 ET (09:31 GMT)