Chariot Limited Appointment of Project Finance Advisor (3384J)
April 26 2022 - 2:02AM
UK Regulatory
TIDMCHAR
RNS Number : 3384J
Chariot Limited
26 April 2022
26 April 2022
Chariot Limited
("Chariot", the "Company" or the "Group")
Appointment of Project Finance Advisor
Societe Generale appointed to lead debt financing of the Anchois
Gas Project in Morocco
Chariot (AIM: CHAR), the Africa focused transitional energy
company, is pleased to announce, following the recent successful
gas drilling campaign on the Anchois gas project offshore Morocco,
the appointment of Societe Generale, London Branch to the role of
financial advisor to develop debt funding options for the Anchois
gas development.
Julian Maurice-Williams, CFO of Chariot, commented:
"We are very pleased to be bringing Societe Generale on board to
assist with the debt project financing of our flagship gas project
offshore Morocco. We had a very successful gas drilling campaign
earlier in the year and are keen to progress the development of the
project to cashflows as quickly as possible."
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.
For further information please contact:
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 Societe Generale
Societe Generale is one of the leading European financial
services groups. Based on a diversified and integrated banking
model, the Group combines financial strength and proven expertise
in innovation with a strategy of sustainable growth. Committed to
the positive transformations of the world's societies and
economies, Societe Generale and its teams seek to build, day after
day, together with its clients, a better and sustainable future
through responsible and innovative financial solutions.
Active in the real economy for over 150 years, with a solid
position in Europe and connected to the rest of the world, Societe
Generale has over 131,000 members of staff in 66 countries and
supports on a daily basis 26 million individual clients, businesses
and institutional investors around the world by offering a wide
range of advisory services and tailored financial solutions. The
Group is built on three complementary core businesses:
-- French Retail Banking which encompasses the Societe Generale,
Credit du Nord and Boursorama brands. Each offers a full range of
financial services with omnichannel products at the cutting edge of
digital innovation;
-- International Retail Banking, Insurance and Financial
Services to Corporates , with networks in Africa, Central and
Eastern Europe and specialised businesses that are leaders in their
markets;
-- Global Banking and Investor Solutions , which offers
recognised expertise, key international locations and integrated
solutions.
Societe Generale is included in the principal socially
responsible investment indices: DJSI (Europe), FTSE4Good (Global
and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity
and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX
Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index
(World and Europe).
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 offshore Morocco 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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