THIS ANNOUNCEMENT CONTAINS 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"), AND IS
DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER
ARTICLE 17 OF MAR.
8 August 2024
Chaarat Gold Holdings
Limited
("Chaarat" or "the Company")
Result of General Meeting and
Cancellation of Admission to Trading on AIM
Chaarat Gold (AIM:CGH), a mining
explorer and developer with projects in the Kyrgyz Republic,
announces that at the general meeting of the Company held earlier
today (the "General Meeting"), which was called pursuant to the
circular issued by the Company on 16 July 2024, all resolutions put
to the Company's shareholders ("Shareholders") were duly
passed.
The results of the poll
incorporating valid proxy votes lodged in advance of the meeting
are set out below:
№
|
Resolutions
|
For
№ of
votes
|
Against
№ of
votes
|
Withheld
№ of
votes
|
Percentage of total votes in favour
|
1.
|
Authority to allot up to
12,000,000,000 Relevant Securities
|
399,830,644
|
25,930,513
|
2,811,613
|
93.91%
|
2.
|
Disapplication of pre-emption rights
in relation to Resolution 1
|
399,830,644
|
25,927,217
|
2,814,909
|
93.91%
|
3.
|
Cancellation of the
Company's ordinary shares to trading on
AIM
|
399,827,459
|
25,934,323
|
2,810,988
|
93.91%
|
4.
|
Amendment and restatement of the
Company's memorandum and articles of
association
|
399,829,150
|
25,927,217
|
2,816,403
|
93.91%
|
5.
|
Disapplication of
Regulation 19 (Takeover Provisions)
|
399,827,459
|
25,927,217
|
2,818,094
|
93.91%
|
Notes:
1.
Total ordinary shares in issue at the date of the meeting were
728,056,182.
2.
The poll results represent approximately 58.87% of the total number
of ordinary shares in issue which carry voting rights of one vote
per share.
3.
Any proxy appointments giving discretion to "the Chair of the
meeting" have been included in the "For" totals above.
4.
"Withheld" is not a vote in law and therefore is excluded from the
calculation of the proportion of the votes for or against a
resolution.
5.
The full text of the resolutions can be found in the notice of
general meeting which is available on the Company's website
at www.chaarat.com.
AIM
Delisting
Following approval by Shareholders
at the General Meeting, the admission of the ordinary shares of
$0.01 each in the capital of the Company (the "Ordinary Shares") to
trading on AIM will be cancelled (the "AIM Delisting"). The AIM
Delisting is expected to take place at 7.00 a.m. on 16 August 2024
and, accordingly, the last day of dealings in Ordinary Shares on
AIM is expected to be 15 August 2024. Any Ordinary Shares held post
de-listing (effective from 7.00am on 16 August 2024), whether in
certificated form or via CREST, will be admitted to trading on the
secondary trading facility as set out below.
Secondary trading facility
As announced on 22 July 2024, Asset
Match, a firm Authorised and Regulated by the Financial Conduct
Authority (FRN 579310), will operate an electronic off-market
dealing facility for the Ordinary shares. This facility will allow
existing shareholders of the Company and new investors to trade the
Ordinary Shares by matching buyers and sellers through periodic
auctions.
Investors are encouraged to register
on www.assetmatch.com
and add Chaarat Gold Holdings Limited to their
'Watchlist' to continue to receive Company updates and
auction/price information. The Asset Match trading facility
operates under its own code of practice which governs the behaviour
of participants and the running of the periodic auctions. Asset
Match operates an open auction system where volumes of bids and
offers at different prices are displayed on-screen together with
the closing date of the auction. At the end of each auction period,
Asset Match passes this information through a non-discretionary
algorithm that determines a "market-derived" single clearing price
("Share Price") based on supply and demand and allocates
transactions accordingly. Bids and offers may be made, amended and
withdrawn at any time before the closing date of each
auction.
Shareholders will continue to be
able to hold their Ordinary Shares in uncertificated form (i.e. in
CREST) and should check with their existing stockbroker whether
they are willing or able to trade in unquoted shares. Shareholders
wishing to trade shares through Asset Match must do so through a
stockbroker. A comprehensive list of stockbrokers who have signed
up to access the Asset Match platform is available on
request.
Full details will be made available
to Shareholders on the Company's website at
www.chaarat.com.
Investors may contact Asset Match in relation to any queries
regarding trading via the secondary market trading facility by
emailing dealing@assetmatch.com.
Unless otherwise indicated, defined terms in this announcement
shall have the same meaning as described in the
Circular.
** Ends **
Enquiries:
Chaarat Gold Holdings Limited
|
+44 (0)20 7499 2612
|
David Mackenzie (Interim
CEO)
|
IR@chaarat.com
|
|
|
Strand Hanson Limited (Nominated Adviser)
|
+44 (0)20 7409 3494
|
Ritchie Balmer / James Spinney /
Robert Collins
|
|
|
|
Panmure Liberum Limited (Joint
Broker)
|
+44 (0)20 7886
2500
|
Kieron Hodgson
|
|
Axis Capital Markets Limited (Joint Broker)
|
+44 (0)20 3026 0449
|
Ben Tadd / Lewis Jones
|
|
|
|
St
Brides Partners Limited (Financial Public Relations)
|
+44 (0)20 7236
1177
|
Susie Geliher
|
|
|
|
Asset Match
Hannah Woodley / Ben
Weaver
|
+44 (0)20 7248 2788
dealing@assetmatch.com
|