REG - Chariot Limited - Appointment of Chairman

ChariotAnnouncement

16/10/2024 07:00

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RNS Number : 3197I  Chariot Limited  16 October 2024

16 October 2024

Chariot Limited

("Chariot", the "Company")

 

Appointment of Chairman

 

Chariot Limited (AIM: CHAR), the Africa focused transitional energy group is
pleased to announce that Andrew Hockey, currently a Non-Executive Director,
has been appointed to the role of Non-Executive Chairman of the Company.
Andrew succeeds George Canjar, who has retired from the Board, with both
changes taking effect immediately.

 

George Canjar commented: "It has been a real pleasure to work alongside
everyone at Chariot throughout the time I have been involved with the business
but I feel that now is the right time for me to retire from the Board. I
welcome Andrew in taking over from me as Chairman and wish the Company all the
best for the future."

 

Andrew Hockey, Non-Executive Chairman, commented, "I would like to thank
George for his hard work and dedication to Chariot. Having worked together for
the past five years, I look forward to a seamless transition and we as a Board
remain fully focused on maximising value for shareholders."

 

Adonis Pouroulis, CEO of Chariot, commented:

 

"I would also like to thank George for all his wise counsel and support during
his time on the Board. As Chairman he helped steer the Company through some
critical times and we very much appreciate the significant contributions he
made throughout his tenure. He will be a missed member of the team and we wish
him well with his retirement.

 

We continue to make good progress with our Transitional Power financing, our
new venture opportunity and we are pursuing various funding avenues for our
Green Hydrogen business. We are also working alongside our partners to
determine the next steps for Chariot's gas business and we will provide
further updates on this in due course. As we set out in our interim results,
we are looking to preserve capital and have already taken steps to reduce
costs where appropriate whilst we consider our forward work programmes."

 

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                                              +44 (0)20 7318 0450

 Adonis Pouroulis, CEO

 Julian Maurice-Williams, CFO

 Cavendish Capital Markets Limited (Nomad and Joint Broker)   +44 (0)131 220 9778

 Derrick Lee, Adam Rae

 Stifel Nicolaus Europe Limited (Joint Broker)                +44 (0) 20 7710 7760

 Callum Stewart, Ashton Clanfield
 Celicourt Communications (Financial PR)                      +44 (0) 20 7770 6424

 Mark Antelme, Jimmy Lea

 

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 (https://chariotenergygroup.com)

 

 

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