Almaty – Chagala Group Limited (“the Company”), the London-listed specialist services and facilities provider to the oil and gas industry in Kazakhstan (CHGG:LI), announces that the Company has received notification that Timothy L. Abson, non executive Chairman of the Company, via their family corporation Eagle Resource Holdings Ltd., has completed the sale of 2,128,694 shares (equivalent to 532,174 GDR’s). Following the sale, Mr. Abson has a beneficial interest in 12,435,814 ordinary shares, which equates to 14.74% per cent of the Company’s issued share capital.
Chagala is a service company focused on providing long and short term accommodation solutions to domestic and international oil and gas companies developing Kazakhstan’s largest hydrocarbon discoveries. With the ownership of hotels, guest houses, serviced apartments, remote site facilities, restaurants and offices in its portfolio, Chagala is well positioned to capitalize on the oil and gas investment being made in Kazakhstan.
For more information:
|Francisco Parrilla, Chief Executive|
|Chagala Group Limited||+ 7 (727) 298 0131|