REG - Chariot Limited - Appointment of Project Finance Advisor

ChariotAnnouncement

26/04/2022 07:16

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RNS Number : 3384J  Chariot Limited  26 April 2022

 

 

 

 

 

 

26 April 2022

 

Chariot Limited

("Chariot", the "Company" or the "Group")

 

Appointment of Project Finance Advisor

Societe Generale appointed to lead debt financing of the Anchois Gas Project
in Morocco

 

Chariot (AIM: CHAR), the Africa focused transitional energy company, is
pleased to announce, following the recent successful gas drilling campaign on
the Anchois gas project offshore Morocco, the appointment of Societe Generale,
London Branch  to the role of financial advisor to develop debt funding
options for the Anchois gas development.

 

Julian Maurice-Williams, CFO of Chariot, commented:

 

"We are very pleased to be bringing Societe Generale on board to assist with
the debt project financing of our flagship gas project offshore Morocco. We
had a very successful gas drilling campaign earlier in the year and are keen
to progress the development of the project to cashflows as quickly as
possible."

 

 

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.

 

 

For further information please contact:

 

 Chariot Limited                                    +44 (0)20 7318 0450

 Adonis Pouroulis, Acting CEO

 Julian Maurice-Williams, CFO

 Cenkos Securities Plc (Nomad & Joint Broker)       +44 (0)131 220 9100

 Derrick Lee, Adam Rae

 Peel Hunt (Joint Broker)                           +44 (0)20 7418 8900

 Richard Crichton, David McKeown

 Celicourt Communications (Financial PR)            +44 (0)20 8434 2754

 Mark Antelme, Jimmy Lea

NOTES FOR EDITORS:

 

About Societe Generale

 

Societe Generale is one of the leading European financial services groups.
Based on a diversified and integrated banking model, the Group combines
financial strength and proven expertise in innovation with a strategy of
sustainable growth. Committed to the positive transformations of the world's
societies and economies, Societe Generale and its teams seek to build, day
after day, together with its clients, a better and sustainable future through
responsible and innovative financial solutions.

 

Active in the real economy for over 150 years, with a solid position in Europe
and connected to the rest of the world, Societe Generale has over 131,000
members of staff in 66 countries and supports on a daily basis 26 million
individual clients, businesses and institutional investors around the world by
offering a wide range of advisory services and tailored financial solutions.
The Group is built on three complementary core businesses:

 

·      French Retail Banking which encompasses the Societe Generale,
Credit du Nord and Boursorama brands. Each offers a full range of financial
services with omnichannel products at the cutting edge of digital innovation;

·      International Retail Banking, Insurance and Financial Services to
Corporates, with networks in Africa, Central and Eastern Europe and
specialised businesses that are leaders in their markets;

·      Global Banking and Investor Solutions, which offers recognised
expertise, key international locations and integrated solutions.

 

Societe Generale is included in the principal socially responsible investment
indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg
Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo
(Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low
Carbon Leaders Index (World and Europe).

 

 

About Chariot

 

Chariot is an African focused transitional energy group with two business
streams, Transitional Gas and Power.

 

Chariot Transitional Gas is a high value, low risk gas development project
offshore Morocco with strong ESG credentials in a fast-growing emerging
economy with a clear route to early monetisation, delivery of free cashflow
and material exploration upside. Chariot Transitional Power, looking to
transform the energy market for mining operations in Africa, providing a giant
largely untapped market with cleaner, sustainable, and more reliable power.
Additionally in September 2021, Chariot announced its partnership with the
Government of Mauritania for the potential development of a large-scale green
hydrogen project.

 

The ordinary shares of Chariot Limited are admitted to trading on the AIM
under the symbol 'CHAR'.

 

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