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

Chaarat Gold HoldingsAnnouncement

30/10/2023 11:00

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RNS Number : 7217R  Chaarat Gold Holdings Ltd  30 October 2023

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                                                                                                            Chaarat Gold Holdings Limited
 which voting rights are attached(ii):
 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 obligation(iv)
 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 reached(vi):                                                                                                                           17 October 2023
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                                                       27 October 2023

 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 both in % (8.A + 8.B)                  Total number of voting rights of issuer(vii)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached                        46.1%                                                       3.1%                                                                49.2%                                           340,942,266
 Position of previous notification (if                                                            45.1%                                                       2.9%                                                                48.0%

 applicable)
 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached(viii)
 A: Voting rights attached to shares
 Class/type of                                                         Number of voting rights(ix)                                                                                                                % of voting rights

shares

 ISIN code (if possible)
                                                                                                  Direct                                                      Indirect                                                            Direct                                                                   In

                                                                        di
                                                                                                  (Art 9 of Directive 2004/109/EC) (DTR5.1)                   (Art 10 of Directive 2004/109/EC) (DTR5.2.1)                        (Art 9 of Directive 2004/109/EC) (DTR5.1)                                re
                                                                                                                                                                                                                                                                                                           ct

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                                                                                                                                                                                                                                                                                                           5.
                                                                                                                                                                                                                                                                                                           2.
                                                                                                                                                                                                                                                                                                           1)
 VGG203461055

 Ordinary shares of US$0.01 each

 (1)  MA

 (2)  Labro                                                            6,969,592                                                          Nil                                                                     1.0%                                                            Nil

                                                                       312,750,537                                                        Nil                                                                     45.1%                                                           Nil
 SUBTOTAL 8. A                                                         319,720,129                                                                                                                                46.1%

 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                                     Exercise/                                                                   Number of voting rights that may be acquired if the instrument is               % of voting rights

date(x)
Conversion Period(xi)

                                                                                                                                                                                                  exercised/converted.
 10% Secured Convertible Loan Notes 2021                               31 July 2024                                   11 September 2018 to 31 July 2024                                           4,921,448                                                                       0.7

                                                                                                                      SUBTOTAL 8. B 1                                                             4,921,448                                                                       0.7%

 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                                                                Exercise/                                           Physical or cash                                                        Number of voting rights         % of voting rights

date(x)
Conversion Period (xi)

                                                                                                                                                                          settlement(xii)
 Options under a management incentive plan  18 September 2024                                                         To 18 September 2024                                Cash - 42p per new ordinary share                                       16,300,639                      2.4%

                                                                                                                                                                          SUBTOTAL 8.B.2                                                          16,300,639                      2.4%

 

 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) issuer(xiii)
 Full chain of controlled undertakings through which the voting rights and/or                                                                                                                                                                                                  X
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity(xiv) (please add additional rows as
 necessary)
 Name(xv)                                                                         % 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  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                              than the notifiable threshold
 Martin Andersson (indirect beneficiary under the family trust)                   46.1%                                                                       3.1%                                                                        49.2%
 Kleber Private Trust Company Limited, as trustees for and on behalf of a         45.1%                                                                       0.7%                                                                        45.8%
 family trust which owns Labro Investments Limited as a wholly owned subsidiary

 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 information(xvi)
 The percentage of voting rights is based on the total shares in issue of
 693,668,088 ordinary shares as at 12 October 2023 as set out in the website of
 Chaarat Gold Holdings Limited which was last updated on 12 October 2023.

 

 Place of completion  Hamilton, Bermuda
 Date of completion   27 October 2023

 

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