Chariot Oil & Gas Ld Grant of Deferred Share Awards (5466R)
June 15 2018 - 10:00AM
UK Regulatory
TIDMCHAR
RNS Number : 5466R
Chariot Oil & Gas Ld
15 June 2018
15 June 2018
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Grant of Deferred Share Awards
In line with best practice corporate governance for AIM
companies, Chariot aims to remunerate its Executive Team through an
appropriate mix of cash and share awards, thus aligning their
interests with those of its Shareholders. With this purpose the
Annual Executives' 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 2017.
As a result, under the 2017 Executives' Bonus Scheme, the
following Persons Discharging Managerial Responsibilities ("PDMR")
were granted deferred bonus share awards in the form of nil cost
options over Ordinary Shares on 15 June 2018 under the Company's
Long Term Incentive Share Scheme. Subject to continued employment,
these share awards will vest on 1 January 2021 and will remain
exercisable until 14 June 2028.
PDMR Position Number of Shares Awarded
Chief Executive
Larry Bottomley Officer 561,539
Chief Financial
Julian Maurice-Williams Officer 212,308
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
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 (Corporate Finance) +44 (0)20 7220 0500
Celicourt Communications (Financial PR)
Henry Lerwill +44 (0)207 520 9261
NOTES TO EDITORS
ABOUT CHARIOT
Chariot Oil & Gas Limited is an independent oil and gas
exploration group. It holds licences covering two blocks in
Namibia, three blocks in Morocco and four blocks 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, a market operated by 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 1 January 2021 and will
remain exercisable until 14 June 2028.
------------------------------- -----------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
GBPnil 561,539
----------
------------------------------- -----------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
------------------------------- -----------------------------------------
e) Date of the transaction 15 June 2018
------------------------------- -----------------------------------------
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 1 January
2021 and will remain exercisable
until 14 June 2028.
------------------------------- --------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
GBPnil 212,308
----------
------------------------------- --------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
------------------------------- --------------------------------------
e) Date of the transaction 15 June 2018
------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue.
------------------------------- --------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHFKPDPFBKKNAD
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