TIDMCGH

RNS Number : 8683Z

Chaarat Gold Holdings Ltd

17 March 2017

 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
---------------------------------------------------------------------------------------------------------------------- 
 1. Identity of the issuer or 
  the underlying issuer of existing                          Chaarat Gold Holdings Limited 
  shares to which voting rights 
  are attached: ii 
--------------------------------------------------------  ------------------------------------------------------------ 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
---------------------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                                                    ü 
--------------------------------------------------------------------------------------------------------------  ------ 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
--------------------------------------------------------------------------------------------------------------  ------ 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
--------------------------------------------------------------------------------------------------------------  ------ 
 An event changing the breakdown of voting rights 
--------------------------------------------------------------------------------------------------------------  ------ 
 Other (please                                               Acquisition of voting rights and financial 
  specify):                                                  instruments with a similar economic effect 
                                                             to qualifying financial instruments pursuant 
                                                             to a distribution in specie 
----------------------------------------------------  --------------------------------------------------------  ------ 
 
   3. Full name of person(s)                               Sarastro Group Limited 
   subject to the notification 
   obligation: iii 
------------------------------------------------------  -------------------------------------------------------------- 
 
    4. Full name of shareholder(s) 
    (if different from 3.):iv 
------------------------------------------------------  -------------------------------------------------------------- 
 5. Date of the transaction 
  and date on which the threshold                          17 March 2017 
  is crossed or reached: v 
------------------------------------------------------  -------------------------------------------------------------- 
 6. Date on which issuer notified:                       17 March 2017 
------------------------------------------------------  -------------------------------------------------------------- 
                                                         Above 5% in voting rights 
   7. Threshold(s) that is/are 
   crossed or reached: vi, vii                            Above 5% including financial 
                                                          instruments with a similar 
                                                          economic effect to qualifying 
                                                          financing instruments 
------------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares viii, ix 
---------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                  Resulting situation after the 
  of shares      to the triggering                   triggering transaction 
                 transaction 
  if possible 
  using the 
  ISIN CODE 
-------------  ----------------------------------  ------------------------------------------------------------------------- 
                Number            Number            Number             Number of voting              % of voting 
                 of Shares         of Voting         of shares          rights                        rights x 
                                   Rights 
-------------  ----------------  ----------------  -----------------  ----------------------------  ------------------------ 
                                                    Direct             Direct           Indirect     Direct      Indirect 
                                                                        xi               xii 
-------------      ------------    ------------    -----------------  ---------------  -----------  ----------  ------------ 
 VGG203461055 
                                                                                       ----------- 
 Ordinary 
 shares of 
 US$0.01 each    17,526,228        17,526,228         17,606,228         17,606,228         N/A         5.0%            N/A 
-------------  ----------------  ----------------  -----------------  ---------------  -----------  ----------  ------------ 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/ Conversion                 Number of voting              % of voting 
 financial           date xiii       Period xiv                           rights that                   rights 
 instrument                                                               may be acquired 
                                                                          if the instrument 
                                                                          is exercised/ 
                                                                          converted. 
-----------------  --------------  -----------------------------------  ----------------------------  ---------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
  xv, xvi 
---------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise        Expiration      Exercise/          Number of voting                % of voting 
 financial         price          date xvii       Conversion          rights instrument               rights xix, 
 instrument                                       period              refers to                       xx 
                                                  xviii 
---------------  --------------  --------------  -----------------  ------------------------------  ------------------------ 
 Warrants to      GBP 0.15        17              To 17                                              Nominal       Delta 
 subscribe         per new         December        December 
 for new           ordinary        2019            2019 
 ordinary          share 
 shares of 
 US$0.01 each 
---------------  --------------  --------------  -----------------                                  ------------  ---------- 
                                                                     Nil                             n/a 
-------------      ------------    ------------      -------------  ------------------------------  ------------  ---------- 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ----------------------------------------------------------------------- 
 17,606,228                                           5.0% 
---------------------------------------------------  ----------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the financial instruments are 
  effectively held, if applicable: xxi 
---------------------------------------------------------------------------------- 
 Sarastro Group Limited is wholly owned by Gerard De 
  Geer. 
---------------------------------------------------------------------------------- 
 
 Proxy Voting: 
---------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                     N/A 
------------------------------------------------  -------------------------------- 
 11. Number of voting rights proxy 
  holder will cease to hold:                         N/A 
------------------------------------------------  -------------------------------- 
 12. Date on which proxy holder will 
  cease to hold voting rights:                       N/A 
------------------------------------------------  -------------------------------- 
 
                                                   The percentage of voting 
   13. Additional information:                      rights is based on the total 
                                                    shares in issue number of 
                                                    351,775,832 ordinary shares 
                                                    as set out in the announcement 
                                                    from Chaarat Gold Holdings 
                                                    Limited on 27 September 2016. 
------------------------------------------------  -------------------------------- 
 14. Contact name:                                 Edward Allanby 
------------------------------------------------  -------------------------------- 
 15. Contact telephone number:                     +1 441 296 0541 
------------------------------------------------  -------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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