Source - RNS
RNS Number : 5102M
Chaarat Gold Holdings Ltd
14 October 2016
 

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

 

Holding in Company

 

Road Town, Tortola, British Virgin Islands (14th October 2016)

 

Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 12th October that on that day Labro Investments Limited ("Labro") held 113,076,925 ordinary shares of US$0.01 each, representing 32.1% of the issued share capital of the Company following the purchase of 250,000 ordinary shares at 8.75 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 27 September 2016, 18,550,937 ordinary shares of US$0.01 each may be acquired by the concert party (consisting of Labro, Martin Wiwen-Nilsson, Dominik Dolenec, Abingdon Trust, Willem De Geer and Sarastro Group Limited) within a period of six months from 1 October 2016 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 Limited  

[email protected]

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 / 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

N/A

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

 

Identification code

Ordinary shares of US$0.01 each

 

 

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)

 

8.75 pence

250,000

e)

Aggregated information

·      Aggregated volume

·      Aggregated price

·      Aggregated total

 

 

250,000

8.75 pence

f)

Date of the transaction

12 October 2016

g)

Place of the transaction

United Kingdom

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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