Chariot Limited Issue of Shares and Total Voting Rights (9098Z)

TIDMCHAR

RNS Number : 9098Z

Chariot Limited

28 January 2022

Chariot Limited

("Chariot", the "Company" or the "Group")

Issue of Underwriting Shares and Total Voting Rights

Chariot (AIM: CHAR), the African focused transitional energy company, announces the issuance of new Ordinary Shares exercised pursuant to the Underwriting Commitment as detailed in the Fundraising announced on 24 May 2021.

Magna Capital LDA (of which Adonis Pouroulis has a substantial interest) underwrote the Fundraising, ensuring that the total fundraising equated to approximately US$23 million enabling the successful Anchois drilling campaign, with its significant gas discoveries, to occur on time and on budget.

Application has been made for 33,742,396 new Ordinary shares at the Issue Price to be admitted to trading on AIM. It is expected that admission will occur and dealings in the new Ordinary Shares will commence on 31 January 2022 ("Admission"). Following Admission, the Company will have 793,329,419 Ordinary Shares in issue, with no shares held in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms in this announcement shall have the same meaning ascribed in the announcement made on 24 May 2021 unless the context requires otherwise.

Enquiries:

 
 Chariot Limited 
  Adonis Pouroulis, Acting CEO 
  Julian Maurice-Williams, CFO                     +44 (0)20 7318 0450 
 
   finnCap (Nominated Adviser and Joint Broker) 
   Christopher Raggett, Simon Hicks, Edward 
   Whiley                                            +44 (0)20 7220 0500 
 Peel Hunt (Joint Broker) 
  Richard Crichton, David McKeown                  +44 (0)20 7418 8900 
 Celicourt Communications (Financial PR) 
  Mark Antelme, Jimmy Lea                          +44 (0)20 8434 2754

NOTES FOR EDITORS:

About Chariot

Chariot is an African focused transitional energy group with two business streams, Transitional Gas and Power.

Chariot Transitional Gas is a high value, low risk gas development project with strong ESG credentials in a fast-growing emerging economy with a clear route to early monetisation, delivery of free cashflow and material exploration upside. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power. Additionally in September 2021, Chariot announced its partnership with the Government of Mauritania for the potential development of a large-scale green hydrogen project.

The ordinary shares of Chariot Limited are admitted to trading on the AIM under the symbol 'CHAR'.

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January 28, 2022 09:59 ET (14:59 GMT)

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