Chaarat Gold Holdings Ltd Director/PDMR Shareholding (2525I)
16 June 2017 - 1:57AM
UK Regulatory
TIDMCGH
RNS Number : 2525I
Chaarat Gold Holdings Ltd
15 June 2017
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Director/PDMR shareholding
Road Town, Tortola, British Virgin Islands (15(th) June
2017)
Chaarat (AIM - CGH), the AIM quoted exploration and development
company with assets in the Kyrgyz Republic, was informed today that
Labro Investments Limited ("Labro") holds 121,066,623 ordinary
shares of US$ 0.01 each, representing 34.42% of the issued share
capital of the Company, following purchases of 118,800 ordinary
shares at a price of 19.225 pence per share, representing the
average of the closing price for the five trading days between
5(th) and 9(th) June. The shares were acquired in an off market
transaction from three former employees of the Company.
Martin Andersson (the Chairman of Chaarat) is indirectly
beneficially interested in the majority of the shares in Labro.
Martin Andersson, Chairman of Chaarat, comments: "I was pleased
to be able to assist some of our former Kyrgyz based employees
realise their investment in Chaarat as it is difficult for them to
access the capital markets. It is encouraging that another of our
long serving employees also took the opportunity to substantially
increase his holding at the same time."
In accordance with the announcement dated 12 April 2017, a
further 1,923,454 ordinary shares of US$0.01 each may be acquired
by the concert party within a period of three months from 12 April
2017 without triggering a requirement to make a mandatory offer
under the Articles of Association of the Company.
Enquiries:
Chaarat Gold Holdings
Limited + 44 (0) 20 7499 2612
c/o Central Asia Services info@chaarat.com
Limited
Dekel Golan CEO
Linda Naylor FD
Numis Securities Limited +44 (0) 20 7260 1000
John Prior, Paul Gillam
(NOMAD)
James Black (Broker)
About Chaarat Gold
Chaarat Gold is an exploration and development company operating
in the Kyrgyz Republic with a large, high grade resource - the
Chaarat Gold Project. The Company's key objective is to become a
low cost gold producer generating significant production from the
development of the Chaarat Gold Project. Chaarat is engaged in an
active community engagement programme 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 in the
Kyrgyz Republic by building relationships based on trust and
operating to the best environmental, social and employment
standards.
Further information is available at www.chaarat.com
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 Initial notification
/ amendment
---- ---------------------------- ---------------------------------------
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 Ordinary shares of US$0.01
the financial each
instrument, type
of instrument
----
Identification VGG203461055
code
---- ---------------------------- ---------------------- -------------
b) Nature of the Acquisition of ordinary
transaction shares off market
---- ---------------------------- ---------------------------------------
c) Currency GBP
---- ---------------------------- ---------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
---- ---------------------------- --------------------- -------------
19.225 pence 118,800
------------------------------------------------------- -------------
e) Aggregated information
* Aggregated volume
118,800
19.225 pence
* Aggregated price GBP 22,839.30
* Aggregated total
---------------------------------------------------- --------------------
f) Date of the transaction 15 June 2017
---- ---------------------------- ---------------------------------------
g) Place of the transaction Off market
---- ---------------------------- ---------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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