Chaarat Gold Holdings Ltd Option grant and equity issue (8826Y)
January 19 2022 - 2:00AM
UK Regulatory
TIDMCGH
RNS Number : 8826Y
Chaarat Gold Holdings Ltd
19 January 2022
19 January 2022
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Option grant and equity issue
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, announces that Mike
Fraser, who joined Chaarat's board on 17 January 2022 as the
Company's Chief Executive Officer, has been granted options
over five million ordinary shares (the "Options") of US$0.01
each in the Company under the Chaarat Gold Holdings Limited
Management Incentive Plan 2019 (the "MIP"). The Options are
exercisable at a price of GBP0.42 per share between 18 January
2022 and 18 January 2027 subject to the rules of the MIP. The
Company has also agreed to pay to Mr Fraser a sign-on bonus
of US$62,500 payable through the issue of 255,935 ordinary
shares of US$0.01 each in the capital of the Company (the "New
Ordinary Shares"). Mr Fraser has no other interests in the
share capital of the Company.
An application has been made to the London Stock Exchange for
the New Ordinary Shares to be admitted to trading on AIM, and
it is expected that admission will become effective at or around
8:00am (London time) on 24 January 2022.
Following admission of the New Ordinary Shares the Company's
enlarged issued share capital will comprise 689,668,088 ordinary
shares of US$0.01 each. This figure may be used by shareholders
of the Company as the denominator for the calculations by which
they will determine whether they are required to notify their
interests in, or a change to their interest in, the Company
under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules Sourcebook.
- ends -
Enquiries
+44 (0)20 7499
Chaarat Gold Holdings Limited 2612
Martin Andersson (Executive Chairman) 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 the f ormer So viet Un ion 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 Michael John Fraser
------------------------------- -----------------------------------------
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 Grant of an option award under the
2019 Management Incentive Plan
------------------------------- -----------------------------------------
c) Currency GBP
------------------------------- -----------------------------------------
d) Price(s) and volume(s) Exercise Price(s) Volume(s)
------------------------------- ------------------------ ------------
GBP0.42 per share 5,000,000
----------------------------------------------------------------------- ------------
e) Aggregated information
* Aggregated volume 5,000,000
42.00000 pence per share
GBP2,100,000
* Aggregated price
* Aggregated total
---------------------------------------------------------- -----------------------------
f) Date of the transaction 18 January 2022
------------------------------- -----------------------------------------
g) Place of the transaction Outside of a trading venue
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael John Fraser
------------------------------------- ---------------------------------------
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 Acquisition by way of a new share
issue
------------------------------------- ---------------------------------------
c) Currency GBP
------------------------------------- ---------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ----------------- -----------------
0.1790 255,935
---------------------------------------------------- ----------------- -----------------
e) Aggregated information
* Aggregated volume 255,935
17.90 pence
GBP45,812.37
* Aggregated price
* Aggregated total
-------------------------------------- -----------------------------------------------------
f) Date of the transaction 18 January 2022
------------------------------------- ---------------------------------------
g) Place of the transaction Outside of a trading venue
------------------------------------- ---------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHEAAFPFESAEAA
(END) Dow Jones Newswires
January 19, 2022 02:00 ET (07:00 GMT)
Chaarat Gold (LSE:CGH)
Historical Stock Chart
From Jun 2024 to Jul 2024
Chaarat Gold (LSE:CGH)
Historical Stock Chart
From Jul 2023 to Jul 2024
