REG - Chaarat Gold Hlgs Ld - Change of auditor

Chaarat Gold HoldingsAnnouncement

13/01/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230113:nRSM5983Ma&default-theme=true

RNS Number : 5983M  Chaarat Gold Holdings Ltd  13 January 2023

13 January 2023

 

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

 

Change of auditor

 

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
announces the resignation of Deloitte LLP ("Deloitte") as auditor and the
appointment of MacIntyre Hudson LLP t/a MHA Macintyre Hudson, the UK member of
Baker Tilly International, ("MHA") as its new auditor with immediate effect.

 

The resignation of Deloitte follows the closure of its office in Armenia which
is the location of a significant portion of Chaarat's operations.  Deloitte
was unable to identify an approach that would enable it to perform the Group's
audit for the year ended 31 December 2022 to the required level of audit
quality given the significance of Chaarat's Armenian operations to the
Company.  Deloitte has therefore formally resigned.

 

MHA will conduct the audit of the Company's financial statements for the
financial year to 31 December 2022. The appointment of MHA as auditor for the
following financial year will be subject to approval by shareholders at the
next Annual General Meeting of the Company to be held in 2023.

 

The Board looks forward to working with MacIntyre Hudson.  The Board wishes
to take this opportunity to thank Deloitte for its services and support since
its appointment in October 2021.

 

- ends -

 

 Enquiries

 Chaarat Gold Holdings Limited                       +44 (0)20 7499 2612
 Mike Fraser (Chief Executive Officer)               info@chaarat.com (mailto:info@chaarat.com)

 Canaccord Genuity Limited (NOMAD and Joint Broker)  +44 (0)20 7523 8000
 Henry Fitzgerald-O'Connor
 James Asensio

 finnCap Limited (Joint Broker)                      +44 (0)20 7220 0500
 Christopher Raggett

 Panmure Gordon (UK) Limited (Joint Broker)          +44 (0)20 7886 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 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/
(http://www.chaarat.com/) .

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  APPGZGMMRZVGFZM