TIDMCGH

RNS Number : 2975V

Chaarat Gold Holdings Ltd

13 April 2021

13 April 2021

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Holding in Company

Chaarat (AIM:CGH), the AIM-quoted gold mining Company with an operating mine in Armenia and assets at various stages of development in the Kyrgyz Republic, has been informed that Labro Investments Limited ("Labro"), the majority of shares in which the Company's Chairman, Martin Andersson, is indirectly beneficially interested, has made the following market purchases of ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares"):

 
 --   on 8 April 2021, 600,000 Ordinary Shares at an aggregate 
       price of approximately 25.54 pence per Ordinary Share; 
 --   on 9 April 2021, 706,531 Ordinary Shares at an aggregate 
       price of approximately 26.87 pence per Ordinary Share; 
       and 
 --   on 12 April 2021, 260,183 Ordinary Shares at an aggregate 
       price of approximately 28.32 pence per Ordinary Share. 
 

Following these purchases, Labro now holds 283,094,681 Ordinary, representing 41.23% of the Company's issued share capital. The combined holding of Labro and Martin Andersson is now 288,924,677 Ordinary Shares representing 42.08% of the Company's issued share capital.

- ends -

 
 Enquiries 
 
                                         +44 (0)20 7499 
 Chaarat Gold Holdings Limited            2612 
 Artem Volynets (CEO)                    info@chaarat.com 
 
 Canaccord Genuity Limited (NOMAD and    + 44 (0)20 7523 
  Joint Broker)                           8000 
 Henry Fitzgerald-O'Connor 
 James Asensio 
 
                                         +44 (0)20 7220 
 finnCap Limited (Joint Broker)           0500 
 Christopher Raggett 
 
 Panmure Gordon (UK) Limited (Joint      +44 (0)20 7886 
  Broker)                                 2500 
 John Prior 
  Hugh Rich 
 

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/ .

Appendix - PDMR forms

 
           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               Initial notification 
                  / 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) 
                ---------------------------------         ---------------  ------------- 
                                                           0.2553201        400,000 
                                                            0.2551854        100,000 
                                                            0.2559662        100,000 
  ------------------------------------------------------  ---------------  ------------- 
 e)              Aggregated information 
    *    Aggregated volume            600,000 
     25.54053 pence 
     GBP 153,243.20 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------  ------------------------------------------------- 
 f)              Date of the transaction            8 April 2021 
                ---------------------------------  ----------------------------------------- 
 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                  Initial notification 
                  / 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) 
                ------------------------------------   -------------------  ---------------- 
    0.2600000                                                                149,034 
     0.2560002                                                                25,011 
     0.2700000                                                                38,486 
     0.2748195                                                                78,000 
     0.2750000                                                                50,000 
     0.2700000                                                                100,000 
     0.2720000                                                                100,000 
     0.2720000                                                                100,000 
     0.2770000                                                                21,000 
     0.2640000                                                                45,000 
   -----------------------------------------------------------------------  ---------------- 
 e)              Aggregated information 
    *    Aggregated volume               706,531 
     26.86730 pence 
     GBP 189,825.80 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------------------------  --------------------------------- 
 f)              Date of the transaction               9 April 2021 
                ------------------------------------  ---------------------------------------- 
 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               Initial notification 
                  / 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) 
                ---------------------------------         ---------------  ------------- 
                                                           0.2837390        60,000 
                                                            0.2840000        50,000 
                                                            0.2840000        20,000 
                                                            0.2806843        50,000 
                                                            0.2840000        36,337 
                                                            0.2830000        43,846 
  ------------------------------------------------------  ---------------  ------------- 
 e)              Aggregated information 
    *    Aggregated volume            260,183 
     28.32414 pence 
     GBP 73,694.59 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------  ------------------------------------------------- 
 f)              Date of the transaction            12 April 2021 
                ---------------------------------  ----------------------------------------- 
 g)              Place of the transaction           XLON 
                ---------------------------------  ----------------------------------------- 
 

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