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viewChaarat Gold Holdings Ltd

Chaarat Gold Hlgs Ld - Director/PDMR Shareholding

RNS Number : 8216D
Chaarat Gold Holdings Ltd
24 February 2020
 

24 February 2020

 

 

Chaarat Gold Holdings Limited

 

("Chaarat" or the "Company")

Registered office: Palm Grove House, P.O. Box 438, Road Town, Tortola, British Virgin Islands, VG1110

Registered number: 1420336 (incorporated in the British Virgin Islands)

Legal Entity Identifier: 213800T2A5CV84VTFJ70

 

 

Notification of transactions of directors/persons discharging managerial responsibilities (PDMRs) - Vesting of a proportion of share awards

 

 

The information contained in this notification is disclosed in accordance with the requirements of the EU Market Abuse Regulation.

 

Chaarat (AIM:CGH), the AIM-quoted gold mining company with assets in the Kyrgyz Republic and Armenia, announces that the second tranche of share awards granted to directors and persons discharging managerial responsibilities (PDMRs) has vested. This comprises up to one-third of the total awards of RSUs awarded under the Company's Management Incentive Plan as set out in its announcement of 20 September 2019. The vesting of this second tranche was subject to performance conditions not all of which were satisfied as to100%. Upon delivery the shares will be subject to a holding period until 31 December 2020 as previously announced. The shares granted under the Management Incentive Plan are currently held in the Company's employee benefit trust. The relevant details are set out below.

 

     

- ends -

 

 

Enquiries

Chaarat Gold Holdings Limited

+44 (0)20 7499 2612

Artem Volynets (CEO)

[email protected]

Numis Securities Limited

+44 (0) 20 7260 1000

John Prior, Paul Gillam (NOMAD)


James Black (Corporate Broking)


SP Angel Corporate Finance LLP

+44 (0) 20 3470 0470

Ewan Leggat (Joint Broker)


Tavistock Communications Limited

+44 (0)20 7920 3150

Charles Vivian

[email protected]

Gareth Tredway


Barney Hayward


 

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.

 

 

1         

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Martin Andersson

2

Reason for the notification

a)

Position / status

Director

b)

Initial notification / amendment

Initial notification

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 financial instrument,  type of instrument

Ordinary shares of US$0.01 each


Identification code

VGG203461055

b)

Nature of the transaction

Vesting of a portion of restricted share award under 2019 Management Incentive Plan

c)

Currency

GBP

d)

Price(s) and volume(s)

Description of financial transaction

Exercise price

Volume

Shares vested under 2019 Incentive Plan

0

1,448,946

e)

Aggregated information

 

Description of financial transaction

Aggregated price

Aggregated volume

Total aggregated price

Shares vested under 2019 Incentive Plan

0

1,448,946

0

f)

Date of the transaction

21 February 2020

g)

Place of the transaction

XLON / Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Christopher Eger

2         

Reason for the notification

a)

Position / status

Person discharging managerial responsibilities

b)

Initial notification / amendment

Initial notification

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 financial instrument,  type of instrument

Ordinary shares of US$0.01 each


Identification code

VGG203461055

b)

Nature of the transaction

Vesting of a portion of restricted share award under 2019 Management Incentive Plan

c)

Currency

GBP

d)

Price(s) and volume(s)

Description of financial transaction

Exercise price

Volume

Shares vested under 2019 Incentive Plan

0

447,856

e)

Aggregated information

 

Description of financial transaction

Aggregated price

Aggregated volume

Total aggregated price

Shares vested under 2019 Incentive Plan

0

447,856

0

f)

Date of the transaction

21 February 2020

g)

Place of the transaction

XLON / Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Artem Volynets

2         

Reason for the notification

a)

Position / status

Director

b)

Initial notification / amendment

Initial notification

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 financial instrument,  type of instrument

Ordinary shares of US$0.01 each


Identification code

VGG203461055

b)

Nature of the transaction

Vesting of a portion of restricted share award under 2019 Management Incentive Plan

c)

Currency

GBP

d)

Price(s) and volume(s)

Description of financial transaction

Exercise price

Volume

Shares vested under 2019 Incentive Plan

0

1,448,946

e)

Aggregated information

 

Description of financial transaction

Aggregated price

Aggregated volume

Total aggregated price

Shares vested under 2019 Incentive Plan

0

1,448,946

0

f)

Date of the transaction

21 February 2020

g)

Place of the transaction

XLON / Outside 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 [email protected] or visit www.rns.com.
 
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Quick facts: Chaarat Gold Holdings Ltd

Price: 33.75

Market: AIM
Market Cap: £177.04 m
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