TIDMCGH

RNS Number : 8013N

Chaarat Gold Holdings Ltd

01 October 2021

1 October 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 11,551 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares") at an aggregate share price of approximately 23.90 pence per Ordinary Shares on 29 September 2021.

Following this purchase, Labro now holds 298,336,849 Ordinary Shares, representing 43.27% of the Company's issued share capital. The combined holding of Labro and Martin Andersson is now 305,306,441 Ordinary Shares representing 44.29% of the Company's issued share capital.

- ends -

 
 Enquiries 
 
                                         +44 (0)20 7499 
 Chaarat Gold Holdings Limited            2612 
 Patrick Henze (Investor Relations)      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                                   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) 
                -------------------------------------   -----------------  ----------------- 
                                                         0.2390000          11,551 
  ----------------------------------------------------  -----------------  ----------------- 
 e)              Aggregated information 
    *    Aggregated volume                11,551 
     23.90000 pence 
     GBP 2,760.69 
    *    Aggregated price 
 
 
    *    Aggregated total 
 --------------------------------------  ----------------------------------------------------- 
 f)              Date of the transaction                29 September 2021 
                -------------------------------------  --------------------------------------- 
 g)              Place of the transaction               XLON 
                -------------------------------------  --------------------------------------- 
 

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