Chariot Limited Grant of Deferred Share Awards (3516X)
December 19 2023 - 10:03AM
UK Regulatory
TIDMCHAR
RNS Number : 3516X
Chariot Limited
19 December 2023
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
Cavendish Capital Markets Plc (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
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 Options over Ordinary Shares.
Financial instrument,
type of instrument
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)
Price(s) Volume(s)
GBPnil 427,723
----------
------------------------------- ------------------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
------------------------------- ------------------------------------------------
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 Options over Ordinary Shares.
Financial instrument,
type of instrument
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)
Price(s) Volume(s)
GBPnil 977,654
----------
------------------------------- -------------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
------------------------------- -------------------------------------------
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 Options over Ordinary Shares.
Financial instrument,
type of instrument
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)
Price(s) Volume(s)
GBPnil 733,240
----------
------------------------------- -------------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
------------------------------- -------------------------------------------
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 Options over Ordinary Shares.
Financial instrument,
type of instrument
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)
Price(s) Volume(s)
GBPnil 733,240
----------
------------------------------- -------------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
------------------------------- -------------------------------------------
e) Date of the transaction 19 December 2023
------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue.
------------------------------- -------------------------------------------
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END
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