16 October
2024
Chariot
Limited
("Chariot", the "Company")
Appointment of Chairman
Chariot Limited (AIM: CHAR),
the Africa focused transitional energy group is pleased
to announce that Andrew Hockey, currently a Non-Executive Director,
has been appointed to the role of Non-Executive Chairman of the
Company. Andrew succeeds George Canjar, who has retired from the
Board, with both changes taking effect immediately.
George Canjar commented:
"It has been a real pleasure to
work alongside everyone at Chariot throughout the time I have been
involved with the business but I feel that now is the right time
for me to retire from the Board. I welcome Andrew in taking over
from me as Chairman and wish the Company all the best for the
future."
Andrew Hockey, Non-Executive Chairman,
commented, "I would like to thank
George for his hard work and dedication to Chariot. Having worked
together for the past five years, I look forward to a seamless
transition and we as a Board remain fully focused on maximising
value for shareholders."
Adonis Pouroulis, CEO of Chariot, commented:
"I
would also like to thank George for all his wise counsel and
support during his time on the Board. As Chairman he helped steer
the Company through some critical times and we very much appreciate
the significant contributions he made throughout his tenure. He
will be a missed member of the team and we wish him well with his
retirement.
We
continue to make good progress with our Transitional Power
financing, our new venture opportunity and we are pursuing various
funding avenues for our Green Hydrogen business. We are also
working alongside our partners to determine the next steps for
Chariot's gas business and we will provide further updates on this
in due course. As we set out in our interim results, we are looking
to preserve capital and have already taken steps to reduce costs
where appropriate whilst we consider our forward work
programmes."
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 Limited (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