REG - Chaarat Gold Hlgs Ld - Resignation of Chief Executive Officer

Chaarat Gold HoldingsAnnouncement

09/10/2023 07:15

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RNS Number : 0495P  Chaarat Gold Holdings Ltd  09 October 2023

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE
MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR")

9 October 2023

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Resignation of Chief Executive Officer

 

Further to Friday's announcement regarding completion of the sale of the
Company's Kapan mine, Chaarat announces the resignation of Mike Fraser as
Chief Executive Officer and as a director of the Company. The Board has agreed
to waive his six-month notice period and the resignation is therefore
effective immediately.

 

Until the appointment of a successor to Mike, the Executive Chair, Martin
Andersson, and the Chief Financial Officer, David Mackenzie, will lead the
business.

 

Mike Fraser, Chief Executive Officer of Chaarat, said:

"Following the disposal of Kapan and the near-term focus on the development of
Tulkubash and Kyzyltash it is an appropriate time to move forward with a
simplified leadership structure for the Company.  I would like to thank
Martin Andersson, the Board, and the team at Chaarat for their support and
guidance and wish Chaarat all the best in the future development of the
Company."

 

Martin Andersson, Executive Chair of Chaarat, said:

"On behalf of the Board I would like to take this opportunity to thank Mike
for his service to Chaarat since joining in January 2022 and to wish every
success in his future endeavours."

 

 

 Enquiries

 Chaarat Gold Holdings Limited                       +44 (0)20 7499 2612
 Martin Andersson (Executive Chair)                  IR@chaarat.com (mailto:IR@chaarat.com)

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

 Cavendish Capital Markets Limited (Joint Broker)    +44 (0)20 7220 0500
 Neil McDonald

 Panmure Gordon (UK) Limited (Joint Broker)          +44 (0)20 7886 2500
 John Prior

 Hugh Rich

 

 

About Chaarat

Chaarat is an exploration and development company which owns the 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 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) (http://www.chaarat.com/) (http://www.chaarat.com) .

 

 

ENDS

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