Chariot Oil & Gas Ld Grant of Share Awards (9379W)
August 06 2018 - 8:00AM
UK Regulatory
TIDMCHAR
RNS Number : 9379W
Chariot Oil & Gas Ld
06 August 2018
6 August 2018
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Grant of Share Awards
The Remuneration Committee has 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 6 August 2018 under the
Company's Long Term Incentive Share Scheme. Subject to continued
employment, these share awards will vest on 30 June 2021 and will
remain exercisable until 5 August 2028.
PDMR Position Number of Shares Awarded
Chief Executive
Larry Bottomley Officer 611,311
Chief Financial
Julian Maurice-Williams Officer 256,654
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. Given this ongoing
focus on protecting the cash balance, since May 2015, the Executive
have received a below market level of basic salary.
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)
Mark Antelme, Henry Lerwill, Jimmy Lea, +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 30 June 2021 and will
remain exercisable until 5 August
2028.
------------------------------- -----------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
GBPnil 611,311
----------
------------------------------- -----------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
------------------------------- -----------------------------------------
e) Date of the transaction 6 August 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 30 June
2021 and will remain exercisable
until 5 August 2028.
------------------------------- --------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
GBPnil 256,654
----------
------------------------------- --------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
------------------------------- --------------------------------------
e) Date of the transaction 6 August 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
DSHFKADBKBKDCFK
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