Chaarat Gold Holdings Ltd Holding(s) in Company (1630H)

TIDMCGH

RNS Number : 1630H

Chaarat Gold Holdings Ltd

08 March 2018

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant 
  issuer and to the FCA in Microsoft Word format if possible)(i) 
---------------------------------------------------------------------------------------------------- 
 
 1a. Identity of the issuer                                  Chaarat Gold Holdings Limited 
  or the underlying issuer 
  of existing shares to which 
  voting rights are attached(ii) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer 
  (please mark with an "X" if appropriate) 
---------------------------------------------------------------------------------------------------- 
 Non-UK issuer 
------------------------------------------------------------------------------------  -------------- 
 2. Reason for the notification (please mark the appropriate 
  box or boxes with an "X") 
---------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                 X 
------------------------------------------------------------------------------------  -------------- 
 An acquisition or disposal of financial instruments 
------------------------------------------------------------------------------------  -------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------------------------------  -------------- 
 Other (please specify)(iii) : 
------------------------------------------------------------------------------------  -------------- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                               Labro Investments Limited 
 City and country of registered                     Hamilton, Bermuda 
  office (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
---------------------------------------------------------------------------------------------------- 
 Name 
-------------------------------------------------  ------------------------------------------------- 
 City and country of registered 
  office (if applicable) 
-------------------------------------------------  ------------------------------------------------- 
 5. Date on which the threshold                     7 March 2018 
  was crossed or reached(vi) 
  : 
-------------------------------------------------  ------------------------------------------------- 
 6. Date on which issuer notified                   7 March 2018 
  (DD/MM/YYYY): 
-------------------------------------------------  ------------------------------------------------- 
 7. Total positions of person(s) subject to the notification 
  obligation 
---------------------------------------------------------------------------------------------------- 
                    % of voting     % of voting                 Total of               Total number 
                      rights       rights through               both in %               of voting 
                     attached        financial                 (8.A + 8.B)              rights of 
                     to shares      instruments                                         issuer(vii) 
                     (total of       (total of 
                       8. A)        8.B 1 + 8.B 
                                         2) 
----------------  --------------  ---------------  ---------------------------------  -------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached       35.5%           6.1%             41.6%                              154,402,923 
----------------  --------------  ---------------  ---------------------------------  -------------- 
 Position 
  of previous 
  notification 
  (if 
  applicable)      36.8%           6.4%             43.2% 
----------------  --------------  ---------------  ---------------------------------  -------------- 
 8. Notified details of the resulting situation on the 
  date on which the threshold was crossed or reached(viii) 
---------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------- 
 Class/type        Number of voting rights(ix)      % of voting rights 
  of 
  shares 
  ISIN code 
  (if possible) 
---------------- 
                      Direct          Indirect                   Direct                  Indirect 
                     (Art 9 of       (Art 10 of                 (Art 9 of                (Art 10 of 
                     Directive        Directive                 Directive                Directive 
                    2004/109/EC)    2004/109/EC)              2004/109/EC)              2004/109/EC) 
                      (DTR5.1)       (DTR5.2.1)                 (DTR5.1)                 (DTR5.2.1) 
---------------   --------------  ---------------  ---------------------------------  -------------- 
 VGG203461055 
 
  Ordinary 
  shares of 
  US$0.01 
  each             131,878,037     Nil              35.5%                              Nil 
----------------  --------------  ---------------  ---------------------------------  -------------- 
 SUBTOTAL 
  8. A                      131,878,037                                  35.5% 
----------------  -------------------------------  ------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) 
  of Directive 2004/109/EC (DTR5.3.1.1 (a)) 
---------------------------------------------------------------------------------------------------- 
 Type of           Expiration      Exercise/        Number of voting                   % of voting 
  financial         date(x)         Conversion       rights that                        rights 
  instrument                        Period(xi)       may be acquired 
                                                     if the instrument 
                                                     is 
                                                     exercised/converted. 
----------------  --------------  ---------------  ---------------------------------  -------------- 
                                   26 April 2017 
 Senior Secured                    to 30 
  Convertible      30 September    September 
  Loan Notes        2018           2018             1,157,365                          0.3% 
----------------  --------------  ---------------  ---------------------------------  -------------- 
                                   SUBTOTAL 8. 
                                    B 1             1,157,365                          0.3% 
                                  ---------------  ---------------------------------  -------------- 
 
 B 2: Financial Instruments with similar economic effect 
  according to Art. 13(1)(b) of Directive 2004/109/EC 
  (DTR5.3.1.1 (b)) 
---------------------------------------------------------------------------------------------------- 
 Type of          Expiration       Exercise/        Physical          Number           % of voting 
  financial        date(x)         Conversion       or cash            of voting        rights 
  instrument                       Period           settlement(xii)    rights 
                                   (xi) 
---------------  ---------------  ---------------  ----------------  ---------------  -------------- 
 Warrants 
  to subscribe 
  for new 
  ordinary                                          Cash - 
  shares                           To 17             15p per 
  of $0.01        17 December       December         new ordinary 
  each            2019              2019             share            21,367,521       5.8% 
---------------  ---------------  ---------------  ----------------  ---------------  -------------- 
                                                    SUBTOTAL 
                                                     8.B.2            21,367,521       5.8% 
                                                   ----------------  ---------------  -------------- 
 
 
 
 
 9. Information in relation to the person subject to 
  the notification obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is 
  not controlled by any natural person or legal entity 
  and does not control any other undertaking(s) holding 
  directly or indirectly an interest in the (underlying) 
  issuer(xiii) 
 Full chain of controlled undertakings through which                           X 
  the voting rights and/or the 
  financial instruments are effectively held starting 
  with the ultimate controlling natural person or 
  legal entity(xiv) (please add additional rows as 
  necessary) 
-------------------------------------------------------------------  --------------------- 
        Name(xv)             % of voting          % of voting            Total of both 
                             rights if it        rights through           if it equals 
                             equals or is     financial instruments       or is higher 
                             higher than          if it equals         than the notifiable 
                            the notifiable        or is higher              threshold 
                              threshold        than the notifiable 
                                                    threshold 
------------------------  ----------------  -----------------------  --------------------- 
 Martin Andersson 
  (indirect beneficiary 
  under the family 
  trust)                   35.5%             6.1%                     41.6% 
------------------------  ----------------  -----------------------  --------------------- 
 Kleber Private 
  Trust Company 
  Limited, as 
  trustees for 
  and on behalf 
  of a family 

  trust                    35.5%             6.1%                     41.6% 
------------------------  ----------------  -----------------------  --------------------- 
 
 10. In case of proxy voting, please identify: 
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 Name of the proxy holder 
------------------------------------------  ---------------------------------------------- 
 The number and % of voting 
  rights held 
------------------------------------------  ---------------------------------------------- 
 The date until which the 
  voting rights will be held 
------------------------------------------  ---------------------------------------------- 
 
 11. Additional information(xvi) 
------------------------------------------------------------------------------------------ 
 The percentage of voting rights is based on the total 
  shares in issue of 371,406,876 ordinary shares as at 
  4 March 2018 as set out in the share capital section 
  at the Chaarat Gold Holdings Limited website www.chaarat.com. 
------------------------------------------------------------------------------------------ 
 
 
 
 Place of completion   Hamilton, Bermuda 
--------------------  ------------------ 
 Date of completion    7 March 2018 
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This information is provided by RNS

The company news service from the London Stock Exchange

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March 08, 2018 10:15 ET (15:15 GMT)