viewChaarat Gold Holdings Ltd

Chaarat Gold Hlgs Ld - Correction to Holdings in Company

RNS Number : 5519P
Chaarat Gold Holdings Ltd
11 October 2019

11 October 2019


Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Correction to Holdings in Company


Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, has been informed that the opening paragraph of the announcement made on 4 October 2019 (RNS number 7868O) overstated the number of ordinary shares in the Company ("Shares") acquired by Labro Investments Limited ("Labro") on 1 October 2019 by 90 Shares.  As at 4 October 2019, Labro therefore held 144,705,026 Shares, representing 32.79% of the issued share capital of the Company following the purchase of 299,900 (not 299,990) Chaarat shares on the market at an aggregate share price of 36.3 pence per share on 1 October 2019 and 400,000 Chaarat shares on the market at an aggregate share price of 36.6 pence per share on 2 October 2019. Martin Andersson (the Executive Chairman of Chaarat) is indirectly beneficially interested in the majority of the shares in Labro. This mistake had a consequential effect on the announcement made on 7 October 2019 which also overstated the holding of Labro by 90 Shares.  As at 7 October 2019 Labro Investments Limited therefore held 145,130,886 Shares.



Chaarat Gold Holdings Limited

Artem Volynets (CEO)


+44 (0)20 7499 2612
[email protected]



Numis Securities Limited


John Prior, Paul Gillam (NOMAD)

+44 (0) 20 7260 1000

James Black (Corporate Broking)






Charles Vivian


Gareth Tredway

Barney Hayward




+44 (0)20 7920 3150
[email protected]





About Chaarat

Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company with an initial focus on Central Asia and the FSU through organic growth and selective M&A.

Chaarat is engaged in active community engagement programmes 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 by building relationships based on trust and operating to the best environmental, social and employment standards. Further information is available at www.chaarat.com.


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Quick facts: Chaarat Gold Holdings Ltd

Price: 38.3

Market: AIM
Market Cap: £200.91 m

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Chaarat Gold reports 'steady and stable' production at Kapan mine in Armenia

Chaarat Gold Holdings Ltd's (LON:CCG) Artem Volynets updates Proactive London's Andrew Scott on first quarter production and developments at the company. Production at the Kapan mine in Armenia came in at 12,992 gold equivalent ounces in the first quarter. That marks a 12% improvement...

on 21/5/20