8 November 2023
Chaarat Gold Holdings Limited
("Chaarat" or the "Company")
Move to SETSqx
Chaarat Gold (AIM: CGH), the AIM-quoted gold mining company with assets at various stages of development in the Kyrgyz Republic, announces changes to the platform on which its shares are traded. With effect from 8 November 2023, trading in the Company's ordinary US$0.01 shares will move to the London Stock Exchange's Stock Exchange Electronic Trading Service - quotes and crosses ("SETSqx"). ISIN and SEDOL codes remain unchanged.
SETSqx is a hybrid trading system, combining features from SEAQ and SETS, and is designed for securities with reasonable levels of liquidity, but which may at times require market maker quotes to maintain levels of trading. As such, the electronic order book is split into a quote book and an order book - the quote book being the listing of quotes by appointed market makers, and the order book being electronic orders entered as they are on SETS.
Launched in 2007, market makers provide continuous liquidity throughout the trading day on the SETSqx system, whilst order book execution takes place through auctions, with four uncrossings designed to concentrate liquidity. Both market makers and non-market makers can participate in these auctions. In essence, SETSqx provides investors the opportunity to trade against market maker quotes, as well as by submitting orders into the auctions.
| For further information visit www.chaarat.com or please contact: | |
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| Chaarat Gold Holdings Limited | +44 (0)20 7499 2612 |
| Martin Andersson (Executive Chair) | |
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| Strand Hanson Limited (Nominated Adviser) | +44 (0)20 7409 3494 |
| Ritchie Balmer / James Spinney / Robert Collins |
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| Axis Capital Markets Limited (Joint Broker) | +44 (0)20 3026 0449 |
| Ben Tadd / Lewis Jones |
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| Panmure Gordon (UK) Limited (Joint Broker) | +44 (0)20 7886 2500 |
| John Prior / Hugh Rich |
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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.
ENDS
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