THE FOLLOWING RNS ANNOUNCEMENT REPLACES RNS ANNOUNCEMENT NO 9644P RELEASED AT 12:41 TODAY
12 October 2023
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Grant of Share Options
Chaarat Gold (AIM: CGH), the AIM-quoted exploration and development company with assets at various stages of development in the Kyrgyz Republic, announces that David Mackenzie, the Company's Chief Financial Officer, has been granted options ("Share Options") over the following ordinary shares of US$0.01 each in the Company ("Ordinary Shares") under The Chaarat Gold Holdings Limited Management Incentive Plan 2019:
| | Tranche 1 | Tranche 2 | Tranche 3 |
| Date of Grant | 12 October 2023 | 12 October 2023 | 12 October 2023 |
| ? of Ordinary Shares comprised in option award | 2,500,000 | 2,500,000 | 1,500,000 |
| Exercise Price per Ordinary Share | 5 pence | 5 pence | 20 pence |
| Vesting Date | 12 October 2024 | 12 October 2025 | 12 October 2025 |
| Exercise Period | 12 October 2024 to 12 October 2028 | 12 October 2025 to 12 October 2028 | 12 October 2025 to 12 October 2028 |
The Company's issued share capital is 693,668,088 ordinary shares of US$0.01 each and has 35,802,774 options outstanding following the issue of the Share Options. The total number of voting rights is therefore 693,668,088 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
| Enquiries | |
|
| |
| Chaarat Gold Holdings Limited | +44 (0)20 7499 2612 |
| Martin Andersson (Executive Chair) | |
|
|
|
| Canaccord Genuity Limited (NOMAD and Joint Broker) | +44 (0)20 7523 8000 |
| Henry Fitzgerald-O'Connor |
|
| James Asensio | |
|
| |
| Cavendish Capital Markets Limited (Joint Broker) | +44 (0)20 7220 0500 |
| Neil McDonald |
|
|
|
|
| Panmure Gordon (UK) Limited (Joint Broker) | +44 (0)20 7886 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.
Appendix 1 - PDMR form
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | David Alan Mackenzie | |||
2 | Reason for the notification | ||||
| a) | Position / status | PDMR | |||
| 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 | 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) | |
| | 5p per share 20p per share | 5,000,000 1,500,000 | | ||
| e) | Aggregated information · Aggregated volume · Aggregated price · Aggregated total |
6,500,000 8.46 pence £550,000 | |||
| f) | Date of the transaction | 12 October 2023 | |||
| g) | Place of the transaction | XLON | |||
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.