REG - Chaarat Gold Hlgs Ld - Director/PDMR Shareholding

Chaarat Gold HoldingsAnnouncement

15/09/2022 08:15

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RNS Number : 5792Z  Chaarat Gold Holdings Ltd  15 September 2022

15 September 2022

 

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

 

Director/PDMR Shareholding

 

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 13 September 2022, 261,373 Ordinary Shares at an aggregate price of
              approximately 9.82 pence per Ordinary Share; and
 •            on 14 September 2022, 260,000 Ordinary Shares at an aggregate price of
              approximately 11.18 pence per Ordinary Share.

 

Following these purchases, Labro now holds 307,483,504 Ordinary Shares,
representing 44.58 % of the Company's issued share capital.  The combined
holding of Labro and Martin Andersson is now 314,453,096 Ordinary Shares
representing 45.59% of the Company's issued share capital.

 

- ends -

 Enquiries

 Chaarat Gold Holdings Limited                       +44 (0)20 7499 2612
 Patrick Henze (Investor Relations)                  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/) .

 

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 / amendment                               Initial notification
 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 financial instrument,  type of instrument   Ordinary shares of US$0.01 each
                           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)
                                                                                                            0.0959514         201,373

                                                                                                            0.1056844         60,000
 e)                        Aggregated information

                           ·    Aggregated volume                                         261,373

                           ·    Aggregated price                                          9.81857 pence

                           ·    Aggregated total                                          £ 25,663.08
 f)                        Date of the transaction                                        13 September 2022
 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                               Initial notification
 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 financial instrument,  type of instrument   Ordinary shares of US$0.01 each
                           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)
                                                                                                            0.1077285         90,000

                                                                                                            0.1088889         90,000

                                                                                                            0.1196081         80,000
 e)                        Aggregated information

                           ·    Aggregated volume                                         260,000

                           ·    Aggregated price                                          11.17855 pence

                           ·    Aggregated total                                          £ 29,064.22
 f)                        Date of the transaction                                        14 September 2022
 g)                        Place of the transaction                                       XLON

 

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