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Notification of share purchase

Chagala Group Limited (Chagala or the ‘Company’) hereby advises that the Portola Group Limited has purchased an additional 236,522 GDRs in Chagala. The share purchase was completed on 4 December, 2014 and brings Portola’s ownership stake in the Company to 22,018,376 shares representing 25.9% of the total issued and outstanding shares.  The Portola Group Limited […]

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Refinancing of Existing Loan Agreement

Almaty – Chagala Group (Chagala or the ‘Company’) is pleased to announce that it has completed negotiations with Al Hilal Islamic Bank Kazakhstan for the provision of up to USD 10 million in new financing and refinancing. Under the terms of the agreement, a maximum of USD 2.5 million has been provided under a revolving […]

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CGL AGM Minutes 2014

Chagala Group Limited – Annual General Shareholders Meeting 2014 Minutes of the Meeting Location – 26/F., Wyndham Place, 44 Wyndham Street, Central, Hong Kong Date & Time – 16 June 2014 at 10:00A.M. Present – Mr. Javier Del Ser Perez, Non-Executive Director – Mr. Francisco Parrilla, Executive Director – Other shareholders presented in the form […]

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Chairman of the Board Resignation

Almaty – Chagala Group Limited (Chagala or the ‘Company’) announces that Timothy L. Abson has resigned as Chairman of the Board of Directors of the Company effective 9 July 2014.  Mr. Abson will be leaving the Company to pursue new personal business opportunities and interests both in Kazakhstan and elsewhere. Francisco Parrilla, CEO of the […]

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Company announcement

CHAGALA GROUP LIMITED (a British Virgin Islands Business Company limited by shares) company number 1011692 (the “Company”)  Re: Dividend The Company wishes to announce that the Directors have resolved to pay shareholders a dividend of 0.485 cents per share (equal to 1.94 cents per GDR) to those shareholders who are registered on the Company’s share […]

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Chagala Full Year Results 2013

Chagala Group Limited, the London-listed specialist services and facilities provider to the oil and gas industries in Kazakhstan (symbol: CHGG), is today pleased to announce its 2013 annual results. Financial Highlights: Total revenue of USD 33.6 million, 2012 USD 32.0 million Room and rent revenue USD 23.9 million, 2012 USD 23.0 million Food and beverage […]

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Results of Sale of Shares

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 […]

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Results of Share Re-Purchase

Almaty – Chagala Group (Chagala or the ‘Company’) is pleased to announce that it has successfully completed its share re-purchase program previously announced on 5 December, 2013. A total of 2,968,342 shares (representing 742,086 GDRs) were re-purchased by the Company at an average price per share of $0.285 ($1.14 USD per GDR). Francisco Parrilla, CEO […]

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