3rd Oct 2014 07:42
LONDON (Alliance News) - Chaarat Gold Holdings Ltd Friday said that Chief Executive Officer Dekel Golan sold 545,064 shares, or 0.25% of his stake in the company, for 16 pence each on Thursday.
The total transaction was worth just over GBP87,210.
Golan still holds a 5.62% stake in the company, with a total of just under 14.1 million shares.
"I am fully aware shareholders may be concerned that as CEO of Chaarat I am selling some shares after building my stake for the last 12 years. However, I am forced for personal reasons and with great regret to sell a small parcel of shares," said Golan in a statement.
Golan still remains the biggest private investor in the company. The company's directors now hold 13.48% of the company's issued share capital.
"The timing of this sale relates to the fact that this is the first opportunity I have had to trade since the end of the latest close period following the publication of the interim results," said Golan.
Chaarat Gold Shares were trading 1.1% lower Friday morning at 15.32 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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