Holding in Company; correction to holding in Company
Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, has been informed that Labro Investments Limited, in which the Company's Chairman Martin Andersson is indirectly beneficially interested in the majority of shares, purchased 25,000 Chaarat shares on the market at an aggregate share price of approximately 38.3 pence per share on 4 November 2019.
Following this purchase Labro Investments Limited held 161,027,975 Shares, representing 35.33% of the issued share capital of the Company.
In the introduction to the Holding(s) in Company announcement published on 4 November 2019 (RNS number: 1139S) the total number of shares purchased by Labro Investments Limited on 30 October 2019 was overstated by 90 shares; the correct total number of shares held by Labro Investments Limited was 146,631,065. This overstatement was also reflected in the Exercise of warrants announcement (RNS number: 1140S) published on 4 November 2019; the correct total number of shares held by Labro Investments Limited was 161,002,975.
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
4 November 2019
Place of the transaction
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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