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Ex-Goldman partner ups Chaarat stake

Chaarat non-executive director Martin Wiwen-Nilsson adds to his holding in the gold minnow
April 27, 2017

Non-executive directors are not privy to inside information, but there's nothing stopping them acquiring a company on whose board they sit. Martin Wiwen-Nilsson, Goldman Sachs' former head of global commodities, is currently on a buying spree for shares in Kyrgyz miner Chaarat Gold (CHG), where he acts as a non-executive director. Since 13 April, Mr Wiwen-Nilsson has been steadily building his holding in the company, which will soon start the first phase of development at its eponymous gold project.

IC TIP: Hold at 22p

Earlier this month, Mr Wiwen-Nilsson also subscribed to $375,000 (£292,000) of Chaarat's $15m short-term senior secured convertible loan note issue. Under the terms of that deal, Mr Wiwen-Nilsson and Labro - an investment vehicle controlled by Chaarat's non-executive chairman Martin Andersson - were given three months to acquire 3.5m shares without triggering a requirement to make a mandatory offer for the company. Assuming the concert party buys all of the shares, and Labro and Mr Wiwen-Nilsson convert their loan notes, the duo's stake would amount to 48.5 per cent of the existing share capital.

Buys       
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Aberdeen Diversified Income and Growth Trust Tom Challenor13 Apr 17120,000117.5141,000155,4910.047
Asa Resource Scott Morrison19 Apr 17383,5161.284,9096,283,5160.371
BOS Global♥  Michael Travia13 Apr 17221,66611.826,15729,640,67743.002
British American Tobacco John Stevens (fd)18 Apr 174845277.6725,54484,2560.005
CPPGroup Sir Richard Lapthorne (ch)13 Apr 17500,0001575,0001,200,0000.140
Chaarat Gold Martin Wiwen-Nilsson13 Apr 177,28719.751,4398,989,3102.555
Chaarat Gold Martin Wiwen-Nilsson13 Apr 1710,00019.51,9508,982,0232.553
Chaarat Gold Martin Wiwen-Nilsson13 Apr 1795,6402019,1289,209,9502.618
Chaarat Gold Martin Wiwen-Nilsson13 Apr 17125,00019.9524,9389,114,3102.591
Chaarat Gold  Martin Wiwen-Nilsson18 Apr 173,89520.758089,251,6892.630
Chaarat Gold  Martin Wiwen-Nilsson18 Apr 1712,22120.52,5059,263,9102.633
Chaarat Gold  Martin Wiwen-Nilsson18 Apr 1718,69120.253,7859,247,7942.629
Chaarat Gold  Martin Wiwen-Nilsson18 Apr 1719,15319.753,7839,229,1032.624
Chaarat Gold  Martin Wiwen-Nilsson18 Apr 1771,0402014,2089,334,9502.654
Chaarat Gold  Martin Wiwen-Nilsson19 Apr 1710,00020.752,0759,412,3012.676
Chaarat Gold  Martin Wiwen-Nilsson19 Apr 1710,00020.752,0759,422,3012.678
Chaarat Gold  Martin Wiwen-Nilsson19 Apr 1711,00020.752,2839,402,3012.673
Chaarat Gold  Martin Wiwen-Nilsson19 Apr 1713,02720.52,6719,374,1252.665
Chaarat Gold  Martin Wiwen-Nilsson19 Apr 1717,17620.753,5649,391,3012.670
Chaarat Gold  Martin Wiwen-Nilsson19 Apr 1726,14820.255,2959,361,0982.661
EMIS David Sides18 Apr 172,000921.9518,4392,0000.003
F&C Private Equity Trust Richard Gray19 Apr 1710,00033433,40010,0000.014
GETECH♥ Peter Stephens13 Apr 1725,000317,7501,538,5004.096
Globalworth Real Estate Investments Dimitris Raptis18 Apr 1715,000750112,500374,2220.414
Globalworth Real Estate Investments Ioannis Papalekas18 Apr 1798,200750736,50023,377,10125.860
Harwood Wealth Management♥* Christopher Mills19 Apr 17560,000150840,000570,2210.912
Hostelworld Michael Cawley13 Apr 1720,000282.92556,58520,0000.021
Hunters Property Edward Jones (cfo)13 Apr 1745,0005524,7503,723,03811.773
Menzies (John) Paul Baines19 Apr 173,000668.520,0553,0000.004
Nature Berend van Straten (ch)18 Apr 1775,0008.756,563349,0000.440
Polar Capital Technology Trust Sarah Bates18 Apr 175,000914.545,7259,0000.007
Premier Oil Iain Macdonald13 Apr 1723,0766514,99923,0760.005
Sabien Technology* Bruce Gordon (ch)19 Apr 179,250,000192,50014,745,00013.374
Sabien Technology* Karl Monaghan19 Apr 171,000,000110,0002,522,4952.288
Tesco Simon Patterson13 Apr 17100,000185.29185,290100,0000.001
Upland Resources♥ Bolhassan Di19 Apr 17750,0001.279,52510,096,1602.635
Zenith Energy Andrea Cattaneo (ceo)18 Apr 17100,00010.2310,2301,647,4851.425

Sells

CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Ashmore♥ Tom Shippey (fd)18 Apr 179,079366.433,265110,9210.016
Ashmore♥ Tom Shippey (fd)19 Apr 17115,229350.63404,02700.000
EG Solutions Elizabeth Gooch (ceo)13 Apr 17793,65061484,1274,435,43019.554
Fisher (James) & Sons♥ S Kilpatrick (fd)18 Apr 175,000171685,80036,5030.073
Gamma Communications Andrew Stone18 Apr 1750,000530265,000850,5000.924
Harwood Wealth Management* Mark Howard19 Apr 17666,500150999,75010,033,00616.042
Harwood Wealth Management♥* Neil Dunkley19 Apr 17333,250150499,8756,560,60610.490
Harwood Wealth Management* Neil Dunkley19 Apr 17333,250150499,8756,893,85611.023
Hiscox♥ Robert Childs (ch)13 Apr 1750,0001126.201563,1011,409,6100.493
Hiscox Robert Childs (ch)13 Apr 1750,0001126.201563,1011,459,6100.511
Purplebricks Nick Discombe19 Apr 171,600,0003004,800,0004,812,7881.779
Taptica International Yaniv Carmi (cfo)18 Apr 17155,000300.31465,481294,5720.487

*Placing/tender/open offer ♥Spouse/connected party