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24 Feb 2020 07:00
24 February 2020
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Registered office: Palm Grove House, P.O. Box 438, Road Town, Tortola, British Virgin Islands, VG1110
Registered number: 1420336 (incorporated in the British Virgin Islands)
Legal Entity Identifier: 213800T2A5CV84VTFJ70
Notification of transactions of directors/persons discharging managerial responsibilities (PDMRs) - Vesting of a proportion of share awards
The information contained in this notification is disclosed in accordance with the requirements of the EU Market Abuse Regulation.
Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, announces that the second tranche of share awards granted to directors and persons discharging managerial responsibilities (PDMRs) has vested. This comprises up to one-third of the total awards of RSUs awarded under the Company's Management Incentive Plan as set out in its announcement of 20 September 2019. The vesting of this second tranche was subject to performance conditions not all of which were satisfied as to100%. Upon delivery the shares will be subject to a holding period until 31 December 2020 as previously announced. The shares granted under the Management Incentive Plan are currently held in the Company's employee benefit trust. The relevant details are set out below. |
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Enquiries | |
Chaarat Gold Holdings Limited | +44 (0)20 7499 2612 |
Artem Volynets (CEO) | info@chaarat.com |
Numis Securities Limited | +44 (0) 20 7260 1000 |
John Prior, Paul Gillam (NOMAD) | |
James Black (Corporate Broking) | |
SP Angel Corporate Finance LLP | +44 (0) 20 3470 0470 |
Ewan Leggat (Joint Broker) | |
Tavistock Communications Limited | +44 (0)20 7920 3150 |
Charles Vivian | chaarat@tavistock.co.uk |
Gareth Tredway | |
Barney Hayward | |
About Chaarat |
Chaarat is a gold mining company which owns the Kapan operating mine in Armenia as well as Tulkubash and Kyzyltash Gold Projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company with an initial focus on Central Asia and the FSU through organic growth and selective M&A. |
Chaarat is engaged in active community engagement programmes 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 by building relationships based on trust and operating to the best environmental, social and employment standards. Further information is available at www.chaarat.com.
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Martin Andersson | ||||||||
2 | Reason for the notification | |||||||||
a) | Position / status | Director | ||||||||
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 | ||||||||
Identification code | VGG203461055 | |||||||||
b) | Nature of the transaction | Vesting of a portion of restricted share award under 2019 Management Incentive Plan | ||||||||
c) | Currency | GBP | ||||||||
d) | Price(s) and volume(s) |
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e) | Aggregated information
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f) | Date of the transaction | 21 February 2020 | ||||||||
g) | Place of the transaction | XLON / Outside a trading venue | ||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Christopher Eger | ||||||||
2 | Reason for the notification | |||||||||
a) | Position / status | Person discharging managerial responsibilities | ||||||||
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 | ||||||||
Identification code | VGG203461055 | |||||||||
b) | Nature of the transaction | Vesting of a portion of restricted share award under 2019 Management Incentive Plan | ||||||||
c) | Currency | GBP | ||||||||
d) | Price(s) and volume(s) |
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e) | Aggregated information
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f) | Date of the transaction | 21 February 2020 | ||||||||
g) | Place of the transaction | XLON / Outside a trading venue | ||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||
a) | Name | Artem Volynets | ||||||||
2 | Reason for the notification | |||||||||
a) | Position / status | Director | ||||||||
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 | ||||||||
Identification code | VGG203461055 | |||||||||
b) | Nature of the transaction | Vesting of a portion of restricted share award under 2019 Management Incentive Plan | ||||||||
c) | Currency | GBP | ||||||||
d) | Price(s) and volume(s) |
| ||||||||
e) | Aggregated information
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f) | Date of the transaction | 21 February 2020 | ||||||||
g) | Place of the transaction | XLON / Outside a trading venue | ||||||||
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