TIDMCGH

RNS Number : 6959B

Chaarat Gold Holdings Ltd

11 June 2021

11 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 Robert Benbow, Non-Executive Director of the Company, sold in the market 183,000 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") at an aggregate share price of approximately 26.35 pence per Ordinary Share on 8 June 2021. This sale was made in order to satisfy a tax liability arising on the vesting of restricted stock units under the Chaarat Gold Holdings Limited Management Incentive Plan.

Following this sale, Mr Benbow now holds 1,379,844 Ordinary Shares, representing 0.20% 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 form

 
           1.    Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                                 R obert Duane Benbow 
                -----------------------------------  -------------------------------------------- 
           2.    Reason for the notification 
                --------------------------------------------------------------------------------- 
 a)              Position / status                    Director 
                -----------------------------------  -------------------------------------------- 
 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            Sale of ordinary shares in the market 
                -----------------------------------  -------------------------------------------- 
 c)              Currency                             GBP 
                -----------------------------------  -------------------------------------------- 
 d)              Price(s) and volume(s)                Price(s)                 Volume(s) 
                -----------------------------------   -----------------------  ---------------- 
    26.35 pence                                                                 183,000 
   --------------------------------------------------------------------------  ---------------- 
 e)              Aggregated information 
    *    Aggregated volume              183,000 
     26.35 pence 
     GBP48,220.50 
    *    Aggregated price 
 
 
    *    Aggregated total 
 -------------------------------------------------------------  --------------------------------- 
 f)              Date of the transaction              8 June 2021 
                -----------------------------------  -------------------------------------------- 
 g)              Place of the transaction             XLON 
                -----------------------------------  -------------------------------------------- 
 

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