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Chaarat Gold welcomes new shareholders after block trade

The firm welcomed new shareholders to its register after it successfully completed a block trade
Chaarat Gold welcomes new shareholders after block trade
Around 11.6mln shares of fund manager First State Investment Management (UK) were placed at 8.5p

Chaarat Gold Holdings Ltd (LON:CGH) has welcomed new shareholders to its register after it successfully completed a block trade on Friday.

Around 11.6mln shares of fund manager First State Investment Management (UK) were placed at 8.5p - a 1.4% discount to Friday's closing price  - and more than half were bought by new shareholders, the group said.

It represented around 3.3% of the Chaarat share capital.

Labro Investments Limited bought 587,647 shares and now holds 32.3% of the firm.

Chaarat chairman Martin Andersson is indirectly beneficially interested in the majority of Labro.

Meanwhile, non-executive director of Chaarat, Martin Wiwen-Nilsson bought 1.15mln shares an now holds 2.4% of the issued share capital.

Elsewhere, Sarastro Group Ltd now has 4.6% of Chaarat following the purchase of 2.55mln shares.

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Article
October 18 2016

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