Chariot Limited Issue of Shares and Total Voting Rights (0719D)
February 28 2022 - 10:00AM
UK Regulatory
TIDMCHAR
RNS Number : 0719D
Chariot Limited
28 February 2022
28 February 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 3 March 2022 ("Admission"). Following Admission,
the Company will have 827,071,815 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
Cenkos Securities Plc (Nomad & Joint Broker)
Derrick Lee, Adam Rae +44 (0)131 220 9100
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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END
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