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viewChaarat Gold Holdings Ltd

Chaarat Gold Hlgs Ld - Holding(s) in Company

RNS Number : 6233Z
Chaarat Gold Holdings Ltd
21 September 2020
 

21 September 2020

 

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

 

Holding in Company

 

Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, has today been informed that Labro Investments Limited ("Labro"), the majority of shares in which the Company's Chairman, Martin Andersson, is indirectly beneficially interested, purchased 117,224 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") in the market at an aggregate share price of approximately 37.07 pence per Ordinary Share on 18 September 2020.

 

Following this purchase, Labro now holds 203,592,573 Ordinary Shares, representing 38.81% of the Company's issued share capital.  The combined holding of Labro and Martin Andersson is now 209,422,569 Ordinary Shares representing 39.92% of the Company's issued share capital.

 

- ends -

 

 

Enquiries


Chaarat Gold Holdings Limited

+44 (0)20 7499 2612

Artem Volynets (CEO)

[email protected]

Canaccord Genuity Limited (NOMAD and Joint Broker)

+44 (0)20 7523 8000

Henry Fitzgerald-O'Connor


James Asensio


finnCap Limited (Joint Broker)

+44 (0)20 7220 0500

Christopher Raggett


SP Angel Corporate Finance LLP (Joint Broker)

+44 (0)20 3470 0470

Ewan Leggatt




 

 

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/.

 

Appendix - PDMR form

 

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 / amendment

Initial notification

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 the financial instrument,  type of instrument

Ordinary shares of US$0.01 each


Identification code

VGG203461055

b)

Nature of the transaction

Acquisition of ordinary shares in the market

c)

Currency

GBP

d)

Price(s) and volume(s)


Price(s)

Volume(s)



0.3694215

0.3697766

0.3750000

50,000

42,224

25,000


e)

Aggregated information

·    Aggregated volume

·    Aggregated price

·    Aggregated total

 

117,224

37.07392 pence

£ 43,459.53

f)

Date of the transaction

18 September 2020

g)

Place of the transaction

XLON

 

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Quick facts: Chaarat Gold Holdings Ltd

Price: 24.25

Market: AIM
Market Cap: £129.03 m
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