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IN BRIEF: Chaarat waives mandatory takeover requirement for Labro

Thu, 08th Apr 2021 21:13

Chaarat Gold Holdings Ltd - gold mining company with assets in the Kyrgyz Republic and Armenia - Waives the requirement for a mandatory offer for the company by Labro Investments Ltd upon the acquisition of up to 3.0 million shares, subject to such purchases being completed by June 30 and subject to receipt of all approvals. Labro holds 281.5 million Chaarat shares representing 41% stake, and loan notes for USD1.0 million convertible into 2.8 million shares.

Current stock price: 26.00 pence, up 8.8% on Thursday

Year-to-date change: up 13%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

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