TIDMCGH

RNS Number : 0495P

Chaarat Gold Holdings Ltd

09 October 2023

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR")

9 October 2023

Chaarat Gold Holdings Limited

("Chaarat" or the "Company")

Resignation of Chief Executive Officer

Further to Friday's announcement regarding completion of the sale of the Company's Kapan mine, Chaarat announces the resignation of Mike Fraser as Chief Executive Officer and as a director of the Company . The Board has agreed to waive his six-month notice period and the resignation is therefore effective immediately.

Until the appointment of a successor to Mike, the Executive Chair, Martin Andersson, and the Chief Financial Officer, David Mackenzie, will lead the business.

Mike Fraser, Chief Executive Officer of Chaarat, said:

" Following the disposal of Kapan and the near-term focus on the development of Tulkubash and Kyzyltash it is an appropriate time to move forward with a simplified leadership structure for the Company. I would like to thank Martin Andersson, the Board, and the team at Chaarat for their support and guidance and wish Chaarat all the best in the future development of the Company. "

Martin Andersson, Executive Chair of Chaarat, said:

"On behalf of the Board I would like to take this opportunity to thank Mike for his service to Chaarat since joining in January 2022 and to wish every success in his future endeavours ."

 
 Enquiries 
 
                                             +44 (0)20 7499 
 Chaarat Gold Holdings Limited                2612 
 Martin Andersson (Executive Chair)          IR@chaarat.com 
 
 Canaccord Genuity Limited (NOMAD and        + 44 (0)20 7523 
  Joint Broker)                               8000 
 Henry Fitzgerald-O'Connor 
 James Asensio 
 
 Cavendish Capital Markets Limited (Joint    +44 (0)20 7220 
  Broker)                                     0500 
 Neil McDonald 
 
 Panmure Gordon (UK) Limited (Joint          + 44 (0)20 7886 
  Broker)                                     2500 
 John Prior 
  Hugh Rich

About Chaarat

Chaarat is an exploration and development company which owns the Tulkubash and Kyzyltash gold projects in the Kyrgyz Republic. The Company has a clear strategy to build a leading emerging markets gold company through organic growth and selective M&A.

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 .

ENDS

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

BOAUPGGUUUPWGCR

(END) Dow Jones Newswires

October 09, 2023 02:00 ET (06:00 GMT)

Chaarat Gold (LSE:CGH)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas Chaarat Gold.
Chaarat Gold (LSE:CGH)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas Chaarat Gold.