23rd Sep 2019 16:43
(Alliance News) - Chaarat Gold Holdings Ltd on Monday said Labro Investments Ltd purchased 396,204 shares in the company over three transactions last week.
Labro, a company which Chaarat's Chair Martin Andersson "is indirectly beneficially interested in the majority of shares", now has 142.5 million shares in the gold miner, representing a 32% holding.
Labro purchased 78,204 shares on Wednesday at a price of 31.07 pence apiece, GBP24,298 altogether, before buying 100,000 Chaarat shares at 31.86p a day later. Thursday's transaction totalled GBP31,860.
On Friday, the investors bought 218,000 more Chaarat shares at 33.74p each, GBP73,553 in total.
Shares in Chaarat closed flat at 34.60p each in London on Monday afternoon.
By Eric Cunha; [email protected]
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