19 December 2023
Chariot Limited
("Chariot", the "Company")
Grant of Deferred Share 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. With this purpose the Annual Bonus Scheme looks to reward the achievement of pre-defined corporate performance targets through the grant of deferred bonus share awards based on the extent to which these targets were achieved during the preceding period.
As a result, the following Directors were granted deferred bonus share awards in the form of nil cost options over ordinary shares ("Ordinary Shares") on 19 December 2023. Subject to continuing office, these share awards will vest evenly over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033.
| Directors | Position | Number of Shares Awarded |
| George Canjar | Chairman | 427,723 |
| Adonis Pouroulis | Chief Executive Officer | 977,654 |
| Julian Maurice-Williams | Chief Financial Officer | 733,240 |
| Duncan Wallace | Technical Director | 733,240 |
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
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Cavendish Capital Markets Plc (Nomad and Joint Broker) Derrick Lee, Adam Rae
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+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 in equal instalments over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
| e) | Date of the transaction | 19 December 2023 | ||||
| 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 | Grant of options over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme these options will vest evenly over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
| e) | Date of the transaction | 19 December 2023 | ||||
| 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 | Grant of options over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme these options will vest evenly over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
| e) | Date of the transaction | 19 December 2023 | ||||
| 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 | Grant of options over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme these options will vest evenly over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
| e) | Date of the transaction | 19 December 2023 | ||||
| f) | Place of the transaction | Outside a trading venue. | ||||
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