30 April 2024
Chariot
Limited
("Chariot", the "Company")
Grant of Deferred Share
Awards and Amendment of Historic Awards
In line with best practice corporate
governance for AIM companies, Chariot aims to remunerate its
Directors through an appropriate mix of cash and share awards, thus
aligning their interests with those of its shareholders.
Matching awards
In accordance with the Company's
Non-Executive Directors' Restricted Share Unit Plan on
30 April 2024, the
following Non-Executive Directors were granted a matching award
over ordinary shares in the Company ("shares").
|
Directors
|
Position
|
Number of Shares Awarded
|
|
George Canjar
|
Chairman
|
200,0001
|
|
Chris Zeal
|
Non-Executive Director
|
113,9212
|
The matching awards are granted in
order to "match" the purchase of shares ("purchased shares") made
by George Canjar on 21 December 2023 and 27 December 2023 and made
by Chris Zeal on 29 January 2024. The matching awards are
conditional upon retention of such purchased shares until the
awards vest.
1 Subject to continuing office
and retention of the purchased shares, the matching share award
will vest on 27 December 2026.
2 Subject to continuing office
and retention of the purchased shares, the matching share award
will vest in three equal instalments on 29 January 2025, 2026 and
2027.
Historic share awards amended
Historic share awards granted under
the Company's Long Term Incentive Plan and Non-Executive Directors'
Restricted Share Unit Plan have had their expiry date extended, in
recognition of long-standing commitment to the Company and having
not exercised previously vested awards. The effect on directors'
share awards both individually and cumulatively is net neutral
(i.e. the same number of shares will be outstanding under all share
awards held by the directors). The effect on the directors' share
awards is listed below.
|
Directors
|
Position
|
Number of Shares in respect
of which awards have been amended
|
|
Adonis Pouroulis
|
Chief Executive Officer
|
522,7353
|
|
Julian Maurice-Williams
|
Chief Financial Officer
|
352,0834
|
|
Duncan Wallace
|
Technical Director
|
1,032,6594
|
3 These share awards were
granted whilst Adonis Pouroulis was a Non-Executive Director under
the Company's Non-Executive Directors' Restricted Share Unit Plan
and have had their expiry date extended such that they are
exercisable until 30 April 2027.
4 These share awards were
granted under the Long Term Incentive Plan and have had their
expiry date extended such that they are exercisable until 30 April
2027.
Share award
George Canjar has received a new
share award under the Non-Executive Directors' Restricted Share
Unit Plan over a total of 4,880,210 shares, in recognition of
long-standing commitment to the Company and having not exercised
previously vested awards. This new share award relates to historic
awards which had vested (in whole or in part) but lapsed under the
plan. Subject to continuing office, the new share award will vest
on 30 April 2027.
This announcement contains inside
information for the purposes of Article 7 of EU Regulation
596/2014, as retained in the UK pursuant to S3 of the European
Union (Withdrawal) Act 2018.
Enquiries
|
Chariot Limited
Adonis Pouroulis, CEO
Julian Maurice-Williams,
CFO
|
+44 (0)20 7318 0450
|
|
Cavendish Capital Markets Plc (Nomad and Joint Broker)
Derrick Lee, Adam Rae
|
+44 (0)131
220 9778
|
|
Stifel Nicolaus Europe Limited (Joint Broker)
Callum Stewart, Ashton
Clanfield
|
+44 (0) 20 7710 7760
|
|
Celicourt Communications (Financial PR)
Mark Antelme, Jimmy Lea
|
+44 (0) 20
7770 6424
|
NOTES FOR EDITORS:
About Chariot
Chariot is an Africa focused
transitional energy group with three business streams, Transitional
Gas, Transitional Power and Green Hydrogen.
Chariot Transitional Gas is focused
on high value, low risk gas development projects in Morocco, a
fast-growing emerging economy, with a clear route to early
monetisation, delivery of free cashflow and material exploration
upside.
Chariot Transitional Power is
focused on providing competitive, sustainable and reliable energy
and water solutions across the continent through building,
generating and trading renewable power.
Chariot Green Hydrogen is partnering
with TEH2 (80% owned by TotalEnergies, 20% by the EREN Group) and
the Government of Mauritania on the potential development of a 10GW
green hydrogen project, Project Nour in Mauritania, and are
progressing pilot projects in Morocco.
The ordinary shares of Chariot
Limited are admitted to trading on the AIM under the symbol
'CHAR'.
https://chariotenergygroup.com
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
George Canjar
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Chairman
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Chariot Limited
|
|
b)
|
LEI
|
21380046DOGKITYU6X54
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the Financial
instrument, type of instrument
|
Options over Ordinary
Shares.
|
|
Identification code
|
ISIN for Chariot Limited Ordinary
Shares: GG00B2R9PM06
|
|
b)
|
Nature of the transaction
|
Grant of options over Ordinary
Shares. In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan
these options will vest on 27 December 2026.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
200,000
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
Not applicable, single
transaction.
|
|
e)
|
Date of the transaction
|
30 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue.
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Chris Zeal
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Non-Executive Director
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Chariot Limited
|
|
b)
|
LEI
|
21380046DOGKITYU6X54
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the Financial
instrument, type of instrument
|
Options over Ordinary
Shares.
|
|
Identification code
|
ISIN for Chariot Limited Ordinary
Shares: GG00B2R9PM06
|
|
b)
|
Nature of the transaction
|
Grant of options over Ordinary
Shares. In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan
these options will vest on 29 January 2025, 2026 and
2027.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
113,921
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
Not applicable, single
transaction.
|
|
e)
|
Date of the transaction
|
30 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue.
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
George Canjar
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Chairman
|
|
b)
|
Initial
notification/Amendment
|
Initial Notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Chariot Limited
|
|
b)
|
LEI
|
21380046DOGKITYU6X54
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the Financial
instrument, type of instrument
|
Options over Ordinary
Shares.
|
|
Identification code
|
ISIN for Chariot Limited Ordinary
Shares: GG00B2R9PM06
|
|
b)
|
Nature of the transaction
|
Grant of options over Ordinary
Shares. In accordance with the Company's Non-Executive Directors'
Restricted Share Unit Plan these options will vest on
30 April 2027.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
4,880,210
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
Not applicable, single
transaction.
|
|
e)
|
Date of the transaction
|
30 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue.
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Adonis Pouroulis
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Chariot Limited
|
|
b)
|
LEI
|
21380046DOGKITYU6X54
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the Financial
instrument, type of instrument
|
Options over Ordinary
Shares.
|
|
Identification code
|
ISIN for Chariot Limited Ordinary
Shares: GG00B2R9PM06
|
|
b)
|
Nature of the transaction
|
Extension of expiry period of
options over Ordinary Shares granted whilst a Non-Executive
Director under the Company's Non-Executive
Directors' Restricted Share Unit Plan to remain exercisable
until 30 April 2027
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
18,533
|
|
£nil
|
504,202
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
522,735
|
|
|
e)
|
Date of the transaction
|
30 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue.
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Julian Maurice-Williams
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Chariot Limited
|
|
b)
|
LEI
|
21380046DOGKITYU6X54
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the Financial
instrument, type of instrument
|
Options over Ordinary
Shares.
|
|
Identification code
|
ISIN for Chariot Limited Ordinary
Shares: GG00B2R9PM06
|
|
b)
|
Nature of the transaction
|
Extension of expiry period of
options over Ordinary Shares under Long Term Incentive Plan to
remain exercisable until 30 April 2027.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
133,333
|
|
£nil
|
218,750
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
352,083
|
|
|
e)
|
Date of the transaction
|
30 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue.
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Duncan Wallace
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Technical Director
|
|
b)
|
Initial
notification/Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Chariot Limited
|
|
b)
|
LEI
|
21380046DOGKITYU6X54
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the Financial
instrument, type of instrument
|
Options over Ordinary
Shares.
|
|
Identification code
|
ISIN for Chariot Limited Ordinary
Shares: GG00B2R9PM06
|
|
b)
|
Nature of the transaction
|
Extension of expiry period of
options over Ordinary Shares under Long Term Incentive Plan to
remain exercisable until 30 April 2027.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
501,409
|
|
£nil
|
531,250
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
|
Price(s)
|
Volume(s)
|
|
£nil
|
1,032,659
|
|
|
e)
|
Date of the transaction
|
30 April 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue.
|