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CGH Chaarat Gold Holdings Ltd

2.90
0.08 (2.84%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Chaarat Gold Holdings Ltd LSE:CGH London Ordinary Share VGG203461055 ORD USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.08 2.84% 2.90 2.80 3.00 2.90 2.90 2.90 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 92.35M -8.58M -0.0124 -2.34 20M

Chaarat Gold Holdings Ltd Holding(s) in Company (4290E)

05/11/2020 3:10pm

UK Regulatory


TIDMCGH

RNS Number : 4290E

Chaarat Gold Holdings Ltd

05 November 2020

TR-1: S tandard 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 or the                                                                  Chaarat Gold Holdings Limited 
  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                                                                                                                                 X 
                                                                                                                                           -------- 
 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                                                                             X 
                                                                                                                ----------------------------------- 
 An event changing the breakdown of voting rights 
                                                                                                                ----------------------------------- 
 Other (please specify)(iii) : 
                                                                                                                ----------------------------------- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                                             Martin Andersson 
 City and country of registered office                                            London, England 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                                                  (1) Martin Andersson / (2) Labro 
                                                                                        Investments Limited 
                                                                                 ------------------------------------------------------------------ 
 City and country of registered office                                                 (1) London, England / (2) Hamilton, 
  (if applicable)                                                                       Bermuda 
                                                                                 ------------------------------------------------------------------ 
 5. Date on which the threshold was                                               5 November 2020 
  crossed or reached (vi) : 
                                                                                 ------------------------------------------------------------------ 
 6. Date on which issuer notified (DD/MM/YYYY):                                   5 November 2020 
                                                                                 ------------------------------------------------------------------ 
 7. Total positions of person(s) subject to the notification obligation 
                                     % of voting                  % of voting rights                  Total of both          Total number 
                                    rights attached                through financial                    in % (8.A +           of voting rights 
                                   to shares (total                   instruments                          8.B)               of issuer (vii) 
                                       of 8. A)                      (total of 8.B 
                                                                       1 + 8.B 2) 
                              -------------------------  ------------------------------------  ---------------------------  ----------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                   41.7%                      3.9%                                  45.6%                        246,245,956 
                              -------------------------  ------------------------------------  ---------------------------  ----------------------- 
 Position of 
  previous notification 
  (if 
  applicable)                  40.8%                      4.0%                                  44.8% 
                              -------------------------  ------------------------------------  ---------------------------  ----------------------- 
 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 Directive               (Art 10 of Directive                 (Art 9 of Directive       (Art 10 of Directive 
                                 2004/109/EC)                      2004/109/EC)                    2004/109/EC) (DTR5.1)          2004/109/EC) 
                                   (DTR5.1)                         (DTR5.2.1)                                                     (DTR5.2.1) 
                                                    ----------------------------------------- 
      VGG203461055 
 
       Ordinary shares 
        of US$0.01 
        each 
 
       (1) MA 
       (2) Labro            5,829,996                 Nil                                        1.1%                         Nil 
                             219,092,573               Nil                                        40.6%                        Nil 
                          ------------------------  -----------------------------------------  ---------------------------  ----------------------- 
 SUBTOTAL 8. 
  A                                                   224,922,569                                                      41.7% 
                          -------------------------------------------------------------------  ---------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of financial         Expiration        Exercise/                                 Number of voting                      % of voting 
  instrument                date (x)          Conversion Period                         rights that may                       rights 
                                              (xi)                                      be acquired if 
                                                                                        the instrument 
                                                                                        is 
                                                                                        exercised/converted. 
                          ----------------  ----------------------------------------  ------------------------------------  ----------------------- 
 10% Secured 
  Convertible                                11 September 2018 
  Loan Notes               31 October         to 31 October 
  2021                      2021              2021                                     2,849,330                             0.5% 
                          ----------------  ----------------------------------------  ------------------------------------  ----------------------- 
                                             SUBTOTAL 8. B 
                                              1                                        2,849,330                             0.5% 
                                            ----------------------------------------  ------------------------------------  ----------------------- 
 
 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 financial        Expiration         Exercise/                Physical or                     Number of              % of voting 
  instrument               date (x)           Conversion               cash                            voting rights          rights 
                                              Period (xi)              settlement 
                                                                       (xii) 
                         -----------------  -----------------------  ------------------------------  --------------------- 
 Options under            18 September       To 18 September          Cash - 42p                      16,300,639             3.0% 
  a management             2024               2024                     per new ordinary 
  incentive                                                            share 
  plan                                        Vesting on 
                           n/a                31 December              Physical delivery               2,173,418              0.4% 
  Unvested restricted                         2020 subject 
  stock units                                 to performance 
  under a management                          conditions 
  incentive 
  plan 
                         -----------------  -----------------------  ------------------------------  --------------------- 
                                                                      SUBTOTAL 8.B.2                  18,474,057             3.4% 
                                                                     ------------------------------  --------------------- 
 
 
 
 
               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 the voting rights               X 
                                          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 rights      % of voting rights       Total of both if 
                               if it equals or        through financial        it equals or is 
                              is higher than the      instruments if it        higher than the 
                             notifiable threshold    equals or is higher     notifiable threshold 
                                                     than the notifiable 
                                                          threshold 
                           ----------------------  ---------------------  ------------------------ 
     Martin Andersson 
   (indirect beneficiary 
     under the family 
          trust)                    41.7%                   3.9%                    45.6% 
                           ----------------------  ---------------------  ------------------------ 
   Kleber Private Trust 
     Company Limited, 
      as trustees for 
     and on behalf of 
   a family trust which 
  owns Labro Investments 
    Limited as a wholly 
     owned subsidiary               40.6%                   0.5%                    41.1% 
                           ----------------------  ---------------------  ------------------------ 
 
                           10. In case of proxy voting, please identify: 
             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 540,062,210 ordinary shares as at 2 November 2020 as set out in the 
             press release of Chaarat Gold Holdings Limited issued on 5 November 2020. 
 
 
 
 Place of completion   Hamilton, Bermuda 
 Date of completion    5 November 2020 
                      ------------------ 
 

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