REG - Chaarat Gold Hlgs Ld - Holding(s) in Company

Chaarat Gold HoldingsAnnouncement

05/11/2020 15:10

RNS Number : 4290E
  
Chaarat Gold Holdings Ltd
  
05 November 2020
  
 

TR-1: Standard form for notification of major holdings
 



NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i










1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: 


Chaarat Gold Holdings Limited




1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)




Non-UK issuer


X




2. Reason for the notification (please mark the appropriate box or boxes with an "X")




An acquisition or disposal of voting rights


X




An acquisition or disposal of financial instruments


X




An event changing the breakdown of voting rights








Other (please specify)iii:








3. Details of person subject to the notification obligationiv




Name


Martin Andersson




City and country of registered office (if applicable)


London, England




4. Full name of shareholder(s) (if different from 3.)v




Name


(1)  Martin Andersson / (2) Labro Investments Limited




City and country of registered office (if applicable)


(1)  London, England / (2) Hamilton, Bermuda




5. Date on which the threshold was crossed or reachedvi:


5 November 2020




6. Date on which issuer notified (DD/MM/YYYY):


5 November 2020
 




7. Total positions of person(s) subject to the notification obligation








% of voting rights attached to shares (total of 8. A)


% of voting rights through financial instruments

(total of 8.B 1 + 8.B 2)


Total of both in % (8.A + 8.B)


Total number of voting rights of issuervii




Resulting situation on the date on which threshold was crossed or reached


41.7%


3.9%


45.6%


246,245,956




Position of previous notification (if 
applicable)


40.8%


4.0%


44.8%








8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii




A: Voting rights attached to shares




Class/type of

shares
ISIN code (if possible)


Number of voting rightsix


% of voting rights




Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)


Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)




VGG203461055
 
Ordinary shares of US$0.01 each
 
(1)  MA
(2)  Labro


 
 
 
 
 
5,829,996
219,092,573


 
 
 
 
 
Nil
Nil


 
 
 
 
 
1.1%
40.6%


 
 
 
 
 
Nil
Nil




SUBTOTAL 8. A


224,922,569


41.7%




 
 




B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))




Type of financial instrument


Expiration

datex


Exercise/

Conversion Periodxi


Number of voting rights that may be acquired if the instrument is 
exercised/converted.


% of voting rights




10% Secured Convertible Loan Notes 2021


31 October 2021
 
 


11 September 2018 to 31 October 2021
 
 


2,849,330
 
 


0.5%
 
 












SUBTOTAL 8. B 1


2,849,330


0.5%




 
 
 
 
 
 
 
 




B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))




Type of financial instrument


Expiration

datex


Exercise/

Conversion Period xi


Physical or cash 
settlementxii


Number of voting rights 


% of voting rights




Options under a management incentive plan
 
Unvested restricted stock units under a management incentive plan


18 September 2024
 
 
n/a


To 18 September 2024
 
Vesting on 31 December 2020 subject to performance conditions


Cash - 42p per new ordinary share
 
Physical delivery


16,300,639
 
 
 
2,173,418


3.0%
 
 
 
0.4%
















SUBTOTAL 8.B.2


18,474,057


3.4%



























 



9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an "X")




Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii








Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)


X




Namexv


% of voting rights if it equals or is higher than the notifiable threshold


% of voting rights through financial instruments if it equals or is higher than the notifiable threshold


Total of both if it equals or is higher than the notifiable threshold




Martin Andersson (indirect beneficiary under the family trust)


41.7%


3.9%


45.6%




Kleber Private Trust Company Limited, as trustees for and on behalf of a family trust which owns Labro Investments Limited as a wholly owned subsidiary


40.6%


0.5%


41.1%




 
 
 
 




10. In case of proxy voting, please identify:




Name of the proxy holder








The number and % of voting rights held








The date until which the voting rights will be held














11. Additional informationxvi




The percentage of voting rights is based on the total shares in issue of 540,062,210 ordinary shares as at 2 November 2020 as set out in the press release of Chaarat Gold Holdings Limited issued on 5 November 2020.










 



Place of completion


Hamilton, Bermuda




Date of completion


5 November 2020



 

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