REG - Chaarat Gold Hlgs Ld - Result of General Meeting

Chaarat Gold HoldingsAnnouncement

08/08/2024 15:00

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RNS Number : 7857Z  Chaarat Gold Holdings Ltd  08 August 2024

THIS ANNOUNCEMENT CONTAINS 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"), AND IS
DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF
MAR.

 

8 August 2024

 

Chaarat Gold Holdings Limited

("Chaarat" or "the Company")

 

Result of General Meeting and Cancellation of Admission to Trading on AIM

 

Chaarat Gold (AIM:CGH), a mining explorer and developer with projects in the
Kyrgyz Republic, announces that at the general meeting of the Company held
earlier today (the "General Meeting"), which was called pursuant to the
circular issued by the Company on 16 July 2024, all resolutions put to the
Company's shareholders ("Shareholders") were duly passed.

 

The results of the poll incorporating valid proxy votes lodged in advance of
the meeting are set out below:

 №    Resolutions                                                            For            Against        Withheld       Percentage of total votes in favour

                                                                             № of votes     № of votes     № of votes
 1.   Authority to allot up to 12,000,000,000 Relevant Securities            399,830,644    25,930,513     2,811,613      93.91%
 2.   Disapplication of pre-emption rights in relation to Resolution 1       399,830,644    25,927,217     2,814,909      93.91%
 3.   Cancellation of the Company's ordinary shares to trading on AIM        399,827,459    25,934,323     2,810,988      93.91%
 4.   Amendment and restatement of the Company's memorandum and articles of  399,829,150    25,927,217     2,816,403      93.91%
      association
 5.   Disapplication of Regulation 19 (Takeover Provisions)                  399,827,459    25,927,217     2,818,094      93.91%

 

Notes:

1.             Total ordinary shares in issue at the date of the
meeting were 728,056,182.

2.             The poll results represent approximately 58.87% of
the total number of ordinary shares in issue which carry voting rights of one
vote per share.

3.             Any proxy appointments giving discretion to "the
Chair of the meeting" have been included in the "For" totals above.

4.             "Withheld" is not a vote in law and therefore is
excluded from the calculation of the proportion of the votes for or against a
resolution.

5.             The full text of the resolutions can be found in
the notice of general meeting which is available on the Company's website at
www.chaarat.com (http://www.chaarat.com) .

 

AIM Delisting

 

Following approval by Shareholders at the General Meeting, the admission of
the ordinary shares of $0.01 each in the capital of the Company (the "Ordinary
Shares") to trading on AIM will be cancelled (the "AIM Delisting"). The AIM
Delisting is expected to take place at 7.00 a.m. on 16 August 2024 and,
accordingly, the last day of dealings in Ordinary Shares on AIM is expected to
be 15 August 2024. Any Ordinary Shares held post de-listing (effective from
7.00am on 16 August 2024), whether in certificated form or via CREST, will be
admitted to trading on the secondary trading facility as set out below.

 

Secondary trading facility

 

As announced on 22 July 2024, Asset Match, a firm Authorised and Regulated by
the Financial Conduct Authority (FRN 579310), will operate an electronic
off-market dealing facility for the Ordinary shares. This facility will allow
existing shareholders of the Company and new investors to trade the Ordinary
Shares by matching buyers and sellers through periodic auctions.

 

Investors are encouraged to register on www.assetmatch.com
(http://www.assetmatch.com) and add Chaarat Gold Holdings Limited to their
'Watchlist' to continue to receive Company updates and auction/price
information. The Asset Match trading facility operates under its own code of
practice which governs the behaviour of participants and the running of the
periodic auctions. Asset Match operates an open auction system where volumes
of bids and offers at different prices are displayed on-screen together with
the closing date of the auction. At the end of each auction period, Asset
Match passes this information through a non-discretionary algorithm that
determines a "market-derived" single clearing price ("Share Price") based on
supply and demand and allocates transactions accordingly. Bids and offers may
be made, amended and withdrawn at any time before the closing date of each
auction.

 

Shareholders will continue to be able to hold their Ordinary Shares in
uncertificated form (i.e. in CREST) and should check with their existing
stockbroker whether they are willing or able to trade in unquoted shares.
Shareholders wishing to trade shares through Asset Match must do so through a
stockbroker. A comprehensive list of stockbrokers who have signed up to access
the Asset Match platform is available on request.

 

Full details will be made available to Shareholders on the Company's website
at www.chaarat.com (http://www.chaarat.com) . Investors may contact Asset
Match in relation to any queries regarding trading via the secondary market
trading facility by emailing dealing@assetmatch.com.

 

Unless otherwise indicated, defined terms in this announcement shall have the
same meaning as described in the Circular.

 

** Ends **

 

 

Enquiries:

 Chaarat Gold Holdings Limited                               +44 (0)20 7499 2612
 David Mackenzie (Interim CEO)                               IR@chaarat.com (mailto:IR@chaarat.com)

 Strand Hanson Limited (Nominated Adviser)                   +44 (0)20 7409 3494
 Ritchie Balmer / James Spinney / Robert Collins

 Panmure Liberum Limited (Joint Broker)                      +44 (0)20 7886 2500
 Kieron Hodgson

 Axis Capital Markets Limited (Joint Broker)                 +44 (0)20 3026 0449
 Ben Tadd / Lewis Jones

 St Brides Partners Limited (Financial Public Relations)     +44 (0)20 7236 1177
 Susie Geliher

 Asset Match                                                 +44 (0)20 7248 2788

 Hannah Woodley / Ben Weaver                                 dealing@assetmatch.com

 

 

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