Chariot Oil & Gas Ld Grant of Deferred Share Awards (1848E)
July 02 2019 - 10:07AM
UK Regulatory
TIDMCHAR
RNS Number : 1848E
Chariot Oil & Gas Ld
02 July 2019
2 July 2019
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 2018.
As a result, under the 2018 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 2 July 2019 under the Company's
Long Term Incentive Share Scheme. Subject to continued employment,
these share awards will vest on 1 January 2022 and will remain
exercisable until 1 July 2029.
PDMR Position Number of Shares Awarded
Chief Executive
Larry Bottomley Officer 638,750
Chief Financial
Julian Maurice-Williams Officer 306,250
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 Broker)
Matt Goode, Christopher Raggett, Anthony Adams
(Corporate Finance) Andrew Burdis (ECM) +44 (0)20 7220 0500
Celicourt Communications (Financial PR)
Jimmy Lea +44 (0)207 520 9261
NOTES TO EDITORS
ABOUT CHARIOT
Chariot Oil & Gas Limited is an independent oil and gas
company focused on the Atlantic margins. It holds exploration
licences covering two blocks in Namibia, three blocks in Morocco
and four blocks in the Barreirinhas Basin offshore Brazil.
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 1 January 2022 and will
remain exercisable until 1 July 2029.
------------------------------- -----------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
GBPnil 638,750
----------
------------------------------- -----------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
------------------------------- -----------------------------------------
e) Date of the transaction 2 July 2019
------------------------------- -----------------------------------------
f) Place of the transaction Outside a trading venue.
------------------------------- -----------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
1.
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
2022 and will remain exercisable
until 1 July 2029.
------------------------------- --------------------------------------
c) Price(s) and volume(s)
Price(s) Volume(s)
GBPnil 306,250
----------
------------------------------- --------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
------------------------------- --------------------------------------
e) Date of the transaction 2 July 2019
------------------------------- --------------------------------------
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
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