Chariot Oil & Gas Ld Board Remuneration and Grant of Share Awards (7739O)
November 09 2016 - 9:00AM
UK Regulatory
TIDMCHAR
RNS Number : 7739O
Chariot Oil & Gas Ld
09 November 2016
9 November 2016
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Board Remuneration and Grant of Share Awards
Board Remuneration
In line with best practice corporate governance for AIM
companies, Chariot sets its remuneration to attract and retain a
quality management team while continuing to apply strong capital
discipline in line with its corporate strategy.
Following the announcement in May 2015 and given the ongoing
focus on protecting the cash balance, Board members are continuing
to forego 50% of their salary or fees.
Executive Share Awards
The Remuneration Committee have approved a retention mechanism
for the Executive team who are critical to delivering the corporate
strategy. As a result the following Persons Discharging Managerial
Responsibilities ("PDMR") were granted share awards in the form of
nil cost options over Ordinary Shares on 9 November 2016 under the
Company's Long Term Incentive Share Scheme. Subject to continued
employment, these share awards will vest on 30 June 2019 and will
remain exercisable until 8 November 2026.
PDMR Position Number of Shares Awarded
Chief Executive
Larry Bottomley Officer 1,318,841
Chief Financial
Julian Maurice-Williams Officer 869,566
Non-Executive Share Awards
In recognition of the Non-Executive Directors currently
forfeiting 50% of their cash fees, the following PDMRs were granted
share awards in the form of nil cost options over Ordinary Shares
on 9 November 2016 under the Company's Non-Executive Directors'
Restricted Share Unit Plan. Subject to continuing office, these
share awards will vest in three equal instalments on 30 June 2017,
2018 and 2019 and will remain exercisable until 8 November
2026.
PDMR Position Number of Shares Awarded
George Canjar Non-Executive Chairman 318,841
Adonis Pouroulis Non-Executive Director 72,463
Robert Sinclair Non-Executive Director 72,463
For further information please contact:
Chariot Oil & Gas Limited
Larry Bottomley, CEO +44 (0)20 7318 0450
finnCap (Nominated Adviser and Joint
Broker)
Matt Goode, Christopher Raggett +44 (0)20 7220 0500
Peel Hunt (Joint Broker)
Richard Crichton, Ross Allister +44 (0)20 7418 8900
EMC(2) Advisory (Media Contact)
Natalia Erikssen +44 (0)78 0944 0929
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
About Chariot
Chariot Oil & Gas Limited is an independent oil and gas
exploration group. It holds licences covering four blocks in
Namibia, two blocks in Morocco and four licences in the
Barreirinhas Basin offshore Brazil. All of these blocks are
currently in the exploration phase.
The ordinary shares of Chariot Oil & Gas Limited are
admitted to trading on the AIM Market of the London Stock Exchange
under the symbol 'CHAR'.
The information set out below is provided in accordance with the
requirements of Article 19(3) of the EU Market Abuse Regulation No
596/2014.
1. Details of the person discharging managerial responsibilities
/ person closely associated
--- --------------------------------------------------------------------------
a) Name Larry Bottomley
--- ------------------------------- -----------------------------------------
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 Oil & Gas 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 Option over Ordinary Shares.
Financial instrument,
type of instrument
---
Identification code ISIN for Chariot Oil & Gas Limited
Ordinary Shares: GG00B2R9PM06
--- ------------------------------- -----------------------------------------
b) Nature of the transaction Grant of option over Ordinary Shares.
In accordance with the Company's Long
Term Incentive Share Scheme this option
will vest on 30 June 2019 and will
remain exercisable until 8 November
2026.
--- ------------------------------- -----------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
---------- ----------
GBPnil 1,318,841
---------- ----------
--- ------------------------------- -----------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
--- ------------------------------- -----------------------------------------
e) Date of the transaction 9 November 2016
--- ------------------------------- -----------------------------------------
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 Oil & Gas 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 Option over Ordinary Shares.
Financial instrument,
type of instrument
---
Identification code ISIN for Chariot Oil & Gas Limited
Ordinary Shares: GG00B2R9PM06
--- ------------------------------- --------------------------------------
b) Nature of the transaction Grant of option over Ordinary Shares.
In accordance with the Company's
Long Term Incentive Share Scheme
this option will vest on 30 June
2019 and will remain exercisable
until 8 November 2026.
--- ------------------------------- --------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
---------- ----------
GBPnil 869,566
---------- ----------
--- ------------------------------- --------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
--- ------------------------------- --------------------------------------
e) Date of the transaction 9 November 2016
--- ------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue.
--- ------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
--- -----------------------------------------------------------------------
a) Name George Canjar
--- ------------------------------- --------------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------------
a) Position/status Non-Executive 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 Oil & Gas 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 Option over Ordinary Shares.
Financial instrument,
type of instrument
---
Identification code ISIN for Chariot Oil & Gas Limited
Ordinary Shares: GG00B2R9PM06
--- ------------------------------- --------------------------------------
b) Nature of the transaction Grant of option over Ordinary Shares.
In accordance with the Company's
Non-Executive Directors' Restricted
Share Unit Plan this option will
vest in three equal instalments on
30 June 2017, 2018 and 2019 and will
remain exercisable until 8 November
2026.
--- ------------------------------- --------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
---------- ----------
GBPnil 318,841
---------- ----------
--- ------------------------------- --------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
--- ------------------------------- --------------------------------------
e) Date of the transaction 9 November 2016
--- ------------------------------- --------------------------------------
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 Non-Executive 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 Oil & Gas 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 Option over Ordinary Shares.
Financial instrument,
type of instrument
---
Identification code ISIN for Chariot Oil & Gas Limited
Ordinary Shares: GG00B2R9PM06
--- ------------------------------- --------------------------------------
b) Nature of the transaction Grant of option over Ordinary Shares.
In accordance with the Company's
Non-Executive Directors' Restricted
Share Unit Plan this option will
vest in three equal instalments on
30 June 2017, 2018 and 2019 and will
remain exercisable until 8 November
2026.
--- ------------------------------- --------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
---------- ----------
GBPnil 72,463
---------- ----------
--- ------------------------------- --------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
--- ------------------------------- --------------------------------------
e) Date of the transaction 9 November 2016
--- ------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue.
--- ------------------------------- --------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
--- -----------------------------------------------------------------------
a) Name Robert Sinclair
--- ------------------------------- --------------------------------------
2. Reason for the Notification
--- -----------------------------------------------------------------------
a) Position/status Non-Executive 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 Oil & Gas 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 Option over Ordinary Shares.
Financial instrument,
type of instrument
---
Identification code ISIN for Chariot Oil & Gas Limited
Ordinary Shares: GG00B2R9PM06
--- ------------------------------- --------------------------------------
b) Nature of the transaction Grant of option over Ordinary Shares.
In accordance with the Company's
Non-Executive Directors' Restricted
Share Unit Plan this option will
vest in three equal instalments on
30 June 2017, 2018 and 2019 and will
remain exercisable until 8 November
2026.
--- ------------------------------- --------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
---------- ----------
GBPnil 72,463
---------- ----------
--- ------------------------------- --------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
--- ------------------------------- --------------------------------------
e) Date of the transaction 9 November 2016
--- ------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue.
--- ------------------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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