TIDMCGH

RNS Number : 4627A

Chaarat Gold Holdings Ltd

01 June 2021

1 June 2021

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, purchased in the market 1,831,656 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") at an aggregate share price of approximately 25.54 pence per Ordinary Shares on 28 May 2021.

Following this purchase, Labro now holds 292,890,693 Ordinary Shares, representing 42.66% of the Company's issued share capital. The combined holding of Labro and Martin Andersson is now 299,860,285 Ordinary Shares representing 43.67% of the Company's issued share capital.

- ends -

 
 Enquiries 
 
                                         +44 (0)20 7499 
 Chaarat Gold Holdings Limited            2612 
 Artem Volynets (CEO)                    info@chaarat.com 
 
 Canaccord Genuity Limited (NOMAD and    + 44 (0)20 7523 
  Joint Broker)                           8000 
 Henry Fitzgerald-O'Connor 
 James Asensio 
 
                                         +44 (0)20 7220 
 finnCap Limited (Joint Broker)           0500 
 Christopher Raggett 
 
 Panmure Gordon (UK) Limited (Joint      +44 (0)20 7886 
  Broker)                                 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 with an initial focus on Central Asia and the FSU 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/ .

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               Initial notification 
                  / amendment 
                ---------------------------------  ----------------------------------------- 
           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                 Ordinary shares of US$0.01 each 
                  financial instrument, 
                  type of instrument 
                 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) 
                ---------------------------------         ---------------  ------------- 
                                                           0.2545062        1,529,364 
                                                            0.2601190        302,292 
  ------------------------------------------------------  ---------------  ------------- 
 e)              Aggregated information 
    *    Aggregated volume            1,831,656 
     25.54325 pence 
     GBP 467,864.51 
    *    Aggregated price 
 
 
    *    Aggregated total 
 ----------------------------------------  ------------------------------------------------- 
 f)              Date of the transaction            28 May 2021 
                ---------------------------------  ----------------------------------------- 
 g)              Place of the transaction           XLON 
                ---------------------------------  ----------------------------------------- 
 

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END

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