Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Chaarat puts new incentives in place for achievement of Tulkubash milestones

Chaarat is offering incentives to new chief executive Robert Benbow to meet specific targets
Chaarat puts new incentives in place for achievement of Tulkubash milestones
Benbow has been incentivised to get the company into gold production

The Board of Chaarat Gold Holdings Limited has approved the grant of 3.5 million options to three members of the team at an exercise price of 16.328p, representing the average of the Chaarat share price for the last five trading days. 

Half a million options were granted to new chief executive Robert Benbow. Half of the awarded options will vest over three years with the remainder vesting on the achievement of milestones including the completion of the feasibility study for the Tulkubash heap leach project, completion of financing for the poject and the first gold pour.

Robert Benbow now holds 4 million options which represent 1.14% of the company's current issued share capital.

Simultaneously, Chaarat also announced an extension of the waiver to a concert party that allows it to acquire shares without triggering a takeover bid. One member of the concert party has dropped out, but following a failed transaction, 783,622 shares remain available for purchase by the concert party.

 

View full CGH profile View Profile

Chaarat Gold Holdings Ltd Timeline

RNS
February 02 2018
RNS
January 31 2018
RNS
December 21 2017
RNS
December 04 2017

Related Articles

molten gold being poured
October 20 2017
Pan African hopes to be in production at Elikhulu in the final quarter of next year.
1507550408_goldprice.jpg
October 09 2017
Favourable court decisions are obviously helpful, but Galantas remains focussed on the central business of developing a mine
picture of gold pour
September 05 2017
Sener wants to do more work itself at Salinbas to see what’s there

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use