Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, was informed that on 15 May 2019 Labro Investments Limited held 137,021,116 Shares, representing 34.08% of the issued share capital of the Company following the purchase of 225,000 Shares at an aggregate share price of 30.1 pence per share on 13 May 2019.Martin Andersson (the Executive Chairman of Chaarat) is indirectly beneficially interested in the majority of shares in Labro Investments Limited.
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.
Details of the person discharging managerial responsibilities / person closely associated
Labro Investments Limited
Reason for the notification
Position / status
Person/Entity closely associated with the Chairman
Initial notification / amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Chaarat Gold Holdings Limited
Legal entity identifier
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
Description of the financial instrument, type of instrument
Ordinary shares of US$0.01 each
Nature of the transaction
Acquisition of ordinary shares in the market
Price(s) and volume(s)
· Aggregated volume
· Aggregated price
· Aggregated total
Date of the transaction
13 May 2019
Place of the transaction
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