Chaarat Gold Holdings Ltd Correction to Holdings in Company (6911E)
July 05 2019 - 10:35AM
UK Regulatory
TIDMCGH
RNS Number : 6911E
Chaarat Gold Holdings Ltd
05 July 2019
5 July 2019
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Correction to Holdings in Company
Chaarat (AIM:CGH), the AIM-quoted gold mining company with
assets in the Kyrgyz Republic and Armenia, has been informed that
the announcement made on 24 May 2019 (RNS number 0365A) overstated
the number of ordinary shares in the Company ("Shares") acquired by
Labro Investments Limited ("Labro") on 23 May 2019 by 2,000 Shares.
An amended disclosure form containing the information required
under MAR is included at the end of this announcement.
As at 23 May 2019, Labro therefore held 139,145,717 Shares,
representing 34.61% of the issued share capital of the Company
following the purchase of 476,798 Shares at an aggregate share
price of 29.8 pence per share on 21 May 2019 and 331,617 Shares
(not 333,617 Shares) at an aggregate share price of 31.8 pence per
share on 22 May 2019. Martin Andersson (the Executive Chairman of
Chaarat) is indirectly beneficially interested in the majority of
the shares in Labro. This mistake had a consequential effect on the
announcement made on 28 May 2019 which also overstated the holding
of Labro by 2,000 Shares. As at 27 May 2019 Labro Investments
Limited therefore held 139,841,969 Shares.
In addition, the Company wishes to clarify that of the 1,914,999
Shares issued to Labro in the placing, as announced on 1 May 2019
(RNS number 8100X), 1,276,666 Shares were acquired as the result of
an off-set in respect of funds loaned to the Company on 29 March
2019 under the Labro Loan Agreement announced on 14 December 2018.
An amended disclosure form containing the information required
under MAR is included at the end of this announcement.
Enquiries
Chaarat Gold Holdings
Limited
Artem Volynets (CEO) +44 (0)20 7499 2612
info@chaarat.com
Numis Securities Limited
John Prior, Paul Gillam
(NOMAD) +44 (0) 20 7260 1000
James Black (Corporate
Broking)
Powerscourt
Conal Walsh +44 (0)20 7250 1446
Sam Austrums chaarat@powerscourt-group.com
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
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
/ amendment
-------------------------------- -----------------------------------------
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 Ordinary shares of US$0.01 each
financial instrument,
type of instrument
Identification code 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)
-------------------------------- -------------- ------------
0.3200000 25,000
0.3180000 100,000
0.3180000 50,000
0.3140000 100,000
0.3219999 56,617
-------------------------------------------- -------------- ------------ ---
e) Aggregated information 331,617
* Aggregated volume 31.76275 pence
GBP 105,330.67
* Aggregated price
* Aggregated total
---------------------------------------- --------------------------------------
f) Date of the transaction 22 May 2019
-------------------------------- -----------------------------------------
g) Place of the transaction XLON
-------------------------------- -----------------------------------------
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
/ amendment
------------------------------------- ---------------------------------------
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 Ordinary shares of US$0.01 each
financial instrument,
type of instrument
Identification code VGG203461055
------------------------------------- ---------------------------------------
b) Nature of the transaction Issuance of shares as repayment
of loan
------------------------------------- ---------------------------------------
c) Currency GBP
------------------------------------- ---------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ------------------ ----------------
30 pence 1,276,666
----------------------------------------------------------------------- ----------------
e) Aggregated information 1,276,666
* Aggregated volume 30 pence
GBP382,999.80
* Aggregated price
* Aggregated total
---------------------------------------------------------- ---------------------------------
f) Date of the transaction 26 April 2019
------------------------------------- ---------------------------------------
g) Place of the transaction XLON
------------------------------------- ---------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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