Chaarat Gold Holdings Ltd Holding in Company (1247W)

TIDMCGH

RNS Number : 1247W

Chaarat Gold Holdings Ltd

09 December 2019

9 December 2019

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, has been informed that Labro Investments Limited, in which the Company's Chairman Martin Andersson is indirectly beneficially interested in the majority of shares, purchased 230,324 Chaarat shares on the market at an aggregate share price of approximately 29.4 pence per share on 5 December 2019 and 230,000 Chaarat shares on the market at an aggregate share price of approximately 29.6 pence per share on 6 December 2019.

Following this purchase Labro Investments Limited held 164,366,870 Shares, representing 35.06% of the issued share capital of the Company.

Enquiries

 
Chaarat Gold Holdings Limited 
 Artem Volynets (CEO)               [phone] 
                                  [e-mail] 
 
Numis Securities Limited 
John Prior, Paul Gillam (NOMAD)   [phone] 
James Black (Corporate Broking) 
 
SP Angel                          [phone] 
Ewan Leggat (Joint Broker) 
 
Tavistock 
Charles Vivian                    [phone] 
Gareth Tredway                    [e-mail] 
 Barney Hayward 
 

About Chaarat

Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company with an initial focus on Central Asia and the FSU through organic growth and selective M&A.

Chaarat is engaged in active community engagement programmes 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 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 the                Ordinary shares of US$0.01 each 
        financial instrument, 
        type of instrument 
       Identification code               VGG203461055 
      --------------------------------  ----------------------------------------- 
 b)    Nature of the transaction         Acquisition of ordinary shares in 
                                          the market 
      --------------------------------  ----------------------------------------- 
 c)    Currency                          GBP 
      --------------------------------  ----------------------------------------- 
 d)    Price(s) and volume(s)                    Price(s)        Volume(s) 
      --------------------------------          --------------  ------------ 
                                                 0.2900000       25,000 
                                                  0.2980000       25,000 
                                                  0.2940000       28,000 
                                                  0.2980000       30,000 
                                                  0.2901935       31,000 
                                                  0.2900000       45,500 
                                                  0.2980000       45,824 
  --------------------------------------------  --------------  ------------  --- 
 e)    Aggregated information             230,324 
    *    Aggregated volume            29.40143 pence 
     GBP 67,718.55 
 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------  -------------------------------------- 
 f)    Date of the transaction           5 December 2019 
      --------------------------------  ----------------------------------------- 
 g)    Place of the transaction          XLON 
      --------------------------------  ----------------------------------------- 
 
 
 5     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                  Labro Investments Limited 
      ------------------------------------  ---------------------------------------- 
 6     Reason for the notification 
      ------------------------------------------------------------------------------ 
 a)    Position / status                     Person/Entity closely associated 
                                              with the Chairman 
      ------------------------------------  ---------------------------------------- 
 b)    Initial notification                  Initial notification 
        / amendment 
      ------------------------------------  ---------------------------------------- 
 7     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 
      ------------------------------------  ---------------------------------------- 
 8     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 the                    Ordinary shares of US$0.01 each 
        financial instrument, 
        type of instrument 
       Identification code                   VGG203461055 
      ------------------------------------  ---------------------------------------- 
 b)    Nature of the transaction             Acquisition of ordinary shares in 
                                              the market 
      ------------------------------------  ---------------------------------------- 
 c)    Currency                              GBP 
      ------------------------------------  ---------------------------------------- 
 d)    Price(s) and volume(s)                 Price(s)             Volume(s) 
      ------------------------------------   -------------------  ---------------- 
    0.2900000                                                      20,000 
     0.3020000                                                      30,000 
     0.2985000                                                      20,000 
     0.2900000                                                      50,000 
     0.2900000                                                      20,000 
     0.2960000                                                      30,000 
     0.2900000                                                      20,000 
     0.3040000                                                      40,000 
   -------------------------------------------------------------  ---------------- 
 e)    Aggregated information                 230,000 
    *    Aggregated volume                29.55220 pence 
     GBP 67,970.00 
 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------------------------  ----------------------- 
 f)    Date of the transaction               6 December 2019 
      ------------------------------------  ---------------------------------------- 
 g)    Place of the transaction              XLON 
      ------------------------------------  ---------------------------------------- 
 

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December 09, 2019 02:00 ET (07:00 GMT)