TIDMCGH

RNS Number : 3511N

Chaarat Gold Holdings Ltd

29 September 2021

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) (i) 
 
 1a. Identity of the issuer or the                                                                 Chaarat Gold Holdings Limited 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                                                ------------------------------------------------------------------ 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer                                                                                                                                X 
                                                                                                                                          -------- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                                                    X 
                                                                                                               ----------------------------------- 
 An acquisition or disposal of financial instruments                                                                            X 
                                                                                                               ----------------------------------- 
 An event changing the breakdown of voting rights 
                                                                                                               ----------------------------------- 
 Other (please specify)(iii) : 
                                                                                                               ----------------------------------- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                                            Martin Andersson 
 City and country of registered office                                           London, England 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                                                 (1) Martin Andersson / (2) Labro 
                                                                                       Investments Limited 
                                                                                ------------------------------------------------------------------ 
 City and country of registered office                                                (1) London, England / (2) Hamilton, 
  (if applicable)                                                                      Bermuda 
                                                                                ------------------------------------------------------------------ 
 5. Date on which the threshold was                                              28 September 2021 
  crossed or reached (vi) : 
                                                                                ------------------------------------------------------------------ 
 6. Date on which issuer notified (DD/MM/YYYY):                                  28 September 2021 
                                                                                ------------------------------------------------------------------ 
 7. Total positions of person(s) subject to the notification obligation 
                                     % of voting                  % of voting rights                 Total of both          Total number 
                                    rights attached                through financial                   in % (8.A +           of voting rights 
                                   to shares (total                   instruments                         8.B)               of issuer (vii) 
                                       of 8. A)                      (total of 8.B 
                                                                      1 + 8.B 2) 
                              -------------------------  -----------------------------------  ---------------------------  ----------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                   44.3%                      2.8%                                 47.1%                        324,444,859 
                              -------------------------  -----------------------------------  ---------------------------  ----------------------- 
 Position of 
  previous notification 
  (if 
  applicable)                  43.4%                      2.8%                                 46.2% 
                              -------------------------  -----------------------------------  ---------------------------  ----------------------- 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type                Number of voting rights (ix)                                        % of voting rights 
  of 
  shares 
  ISIN code (if 
  possible) 
                                   Direct                           Indirect                             Direct                    Indirect 
                             (Art 9 of Directive               (Art 10 of Directive                (Art 9 of Directive       (Art 10 of Directive 
                                 2004/109/EC)                      2004/109/EC)                   2004/109/EC) (DTR5.1)          2004/109/EC) 
                                   (DTR5.1)                         (DTR5.2.1)                                                    (DTR5.2.1) 
                                                    ---------------------------------------- 
      VGG203461055 
 
       Ordinary shares 
        of US$0.01 
        each 
 
       (1) MA 
       (2) Labro            6,969,592                 Nil                                       1.0%                         Nil 
                             298,325,298               Nil                                       43.3%                        Nil 
                          ------------------------  ----------------------------------------  ---------------------------  ----------------------- 
 SUBTOTAL 8. 
  A                                                   305,294,890                                                     44.3% 
                          ------------------------------------------------------------------  ---------------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of financial         Expiration        Exercise/                                Number of voting                      % of voting 
  instrument                date (x)          Conversion Period                        rights that may                       rights 
                                              (xi)                                     be acquired if 
                                                                                       the instrument 
                                                                                       is 
                                                                                       exercised/converted. 
                          ----------------  ---------------------------------------  ------------------------------------  ----------------------- 
 10% Secured 
  Convertible                                11 September 2018 
  Loan Notes               31 October         to 31 October 
  2021                      2021              2021                                    2,849,330                             0.4% 
                          ----------------  ---------------------------------------  ------------------------------------  ----------------------- 
                                             SUBTOTAL 8. B 
                                              1                                       2,849,330                             0.4% 
                                            ---------------------------------------  ------------------------------------  ----------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of financial        Expiration         Exercise/                 Physical or                    Number of             % of voting 
  instrument               date (x)           Conversion                cash                           voting rights         rights 
                                              Period (xi)               settlement 
                                                                        (xii) 
                         -----------------  ------------------------  -----------------------------  -------------------- 
 Options under 
  a management                                                         Cash - 42p 
  incentive               18 September       To 18 September            per new ordinary 
  plan                     2024               2024                      share                         16,300,639            2.4% 
                         -----------------  ------------------------  -----------------------------  -------------------- 
                                                                       SUBTOTAL 8.B.2                 16,300,639            2.4% 
                                                                      -----------------------------  -------------------- 
 
 
 
 
               9. Information in relation to the person subject to the notification 
                                    obligation (please mark the 
                                    applicable box with an "X") 
               Person subject to the notification obligation is not controlled 
             by any natural person or legal entity and does not control any other 
               undertaking(s) holding directly or indirectly an interest in the 
                                  (underlying) issuer (xiii) 
            Full chain of controlled undertakings through which the voting rights               X 
                                          and/or the 
            financial instruments are effectively held starting with the ultimate 
           controlling natural person or legal entity (xiv) (please add additional 
                                      rows as necessary) 
        Name (xv)            % of voting rights      % of voting rights       Total of both if 
                               if it equals or        through financial        it equals or is 
                              is higher than the      instruments if it        higher than the 
                             notifiable threshold    equals or is higher     notifiable threshold 
                                                     than the notifiable 
                                                          threshold 
                           ----------------------  ---------------------  ------------------------ 
     Martin Andersson 
   (indirect beneficiary 
     under the family 
          trust)                    44.3%                   2.8%                    47.1% 
                           ----------------------  ---------------------  ------------------------ 
   Kleber Private Trust 
     Company Limited, 
      as trustees for 
     and on behalf of 
   a family trust which 
  owns Labro Investments 
    Limited as a wholly 
     owned subsidiary               43.3%                   0.4%                    43.7% 
                           ----------------------  ---------------------  ------------------------ 
 
                           10. In case of proxy voting, please identify: 
             Name of the proxy holder 
                                                   ----------------------------------------------- 
        The number and % of voting rights 
                       held 
                                                   ----------------------------------------------- 
      The date until which the voting rights 
                   will be held 
                                                   ----------------------------------------------- 
 
                                 11. Additional information (xvi) 
               The percentage of voting rights is based on the total shares in issue 
               of 689,412,153 ordinary shares as at 28 August 2021 as set out in the 
               website of Chaarat Gold Holdings Limited which was last updated on 24 
                                            August 2021. 
 
 
 
 Place of completion   Hamilton, Bermuda 
 Date of completion    28 September 2021 
                      ------------------ 
 

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September 29, 2021 02:45 ET (06:45 GMT)

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