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24 Feb 2017 09:28
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Director/PDMR shareholding
Road Town, Tortola, British Virgin Islands (24th February 2017)
Chaarat (AIM - CGH), the AIM quoted exploration and development company with assets in the Kyrgyz Republic, was informed on 23rd February that as of that day Labro Investments Limited ("Labro") held 120,058,517 ordinary shares of US$ 0.01 each, representing 34% of the issued share capital of the Company, following purchases on 22nd February of 200,000 ordinary shares at a price of 20.00 pence per share, 100,000 ordinary shares at a price of 20.435 pence per share, 200,000 ordinary shares at a price of 20.50 pence per share and 100,000 ordinary shares at a price of 20.58 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, a further 4,446,372 ordinary shares of US$0.01 each may be acquired by the concert party 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 | info@chaarat.com |
Dekel Golan CEO Linda Naylor FD | |
Numis Securities Limited | +44 (0) 20 7260 1000 |
John Prior, Paul Gillam (NOMAD)James Black (Broker)
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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 | 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 the financial instrument, type of instrument | Ordinary shares of US$0.01 each |
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Identification code | VGG203461055 |
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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) |
|
20.000 20.435 20.000 20.580 20.500 20.500 | 100,000 100,000 100,000 100,000 100,000 100,000 | ||||
e) | Aggregated information · Aggregated volume · Aggregated price · Aggregated total |
600,000 20.3358 pence £ 122,015.00 | |||
f) | Date of the transaction | 22 February 2017 | |||
g) | Place of the transaction | XLON | |||
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