Chaarat Gold Holdings Ltd Director/PDMR Shareholding (2320X)
17 February 2017 - 4:24PM
UK Regulatory
TIDMCGH
RNS Number : 2320X
Chaarat Gold Holdings Ltd
17 February 2017
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Director/PDMR shareholding
Road Town, Tortola, British Virgin Islands (17(th) February
2017)
Chaarat (AIM - CGH), the AIM quoted exploration and development
company with assets in the Kyrgyz Republic, was informed on 17(th)
February that as of that day Labro Investments Limited ("Labro")
held 119,143,195 ordinary shares of US$ 0.01 each, representing 34%
of the issued share capital of the Company, following purchases on
16(th) February of 25,000 ordinary shares at a price of 17.75 pence
per share, 104,678 ordinary shares at a price of 19.00 pence per
share, 50,000 ordinary shares at a price of 20.40 pence per share
and 17,265 ordinary shares at a price of 20.50 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 27 September 2016, a
further 5,804,650 ordinary shares of US$0.01 each may be acquired
by the concert party within a period of six months from 1 October
2016 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 info@chaarat.com
Limited
Dekel Golan CEO
Linda Naylor FD
Numis Securities Limited +44 (0) 20 7260 1000
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)
--------- ------------------------------- ------- -------------- --------------- ------
17.750 25,000
19.000 50,000
19.000 25,000
20.400 50,000
19.000 29,678
20.500 17,265
------------------------------------------------- -------------- --------------- ------
e) Aggregated information
* Aggregated volume
196,943
19.3283 pence
* Aggregated price GBP 38,065.65
* Aggregated total
---------------------------------------- -------------------------------------------------
f) Date of the transaction 16 February 2017
--------- ------------------------------- ------------------------------------------------
g) Place of the transaction XLON
--------- ------------------------------- ------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 17, 2017 11:24 ET (16:24 GMT)