TIDMCGH

RNS Number : 0947L

Chaarat Gold Holdings Ltd

14 July 2017

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Director/PDMR shareholding

Road Town, Tortola, British Virgin Islands (14(th) July 2017)

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 13(th) July that Labro Investments Limited ("Labro") holds 121,798,037 ordinary shares of US$ 0.01 each, representing 34.62% of the issued share capital of the Company, following purchases on 12(th) July of 50,000 ordinary shares at a price of 16.475 pence per share, 50,000 ordinary shares at a price of 16.50 pence per share, 50,000 ordinary shares at a price of 16.70 pence per share and 50,000 ordinary shares at a price of 17.1833 pence per share.

Martin Andersson (the Chairman of Chaarat) is indirectly beneficially interested in the majority of the shares in Labro.

In accordance with the announcement dated 11 July 2017, a further 433,622 ordinary shares of US$0.01 each may be acquired by the concert party within a period of three months from 12 July 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 
 Robert Benbow 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 in the market 
----  -----------------------------  ---------------------------------------- 
 c)    Currency                       GBP 
----  -----------------------------  ---------------------------------------- 
 d)    Price(s) and volume(s)                Price(s)          Volume(s) 
----  -----------------------------  -----  ----------------  ------------ 
                                             16.475              50,000 
                                              16.50               50,000 
                                              16.70               50,000 
                                              17.1833             50,000 
  ----------------------------------------  ----------------  ------------ 
 e)      Aggregated information 
      *    Aggregated volume 
    200,000 
     16.714575 pence 
      *    Aggregated price        GBP 33,429.15 
 
 
      *    Aggregated total 
 ------------------------------------  -------------------------------------- 
 f)    Date of the transaction        12 July 2017 
----  -----------------------------  ---------------------------------------- 
 g)    Place of the transaction       XLON 
----  -----------------------------  ----------------------------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

July 14, 2017 04:12 ET (08:12 GMT)

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