REG - Chariot Limited - Grant of Deferred Share Awards
12/08/2022 15:00
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RNS Number : 9092V Chariot Limited 12 August 2022
12 August 2022
Chariot Limited
("Chariot", the "Company")
Grant of Deferred Share Awards
In line with best practice corporate governance for AIM companies, Chariot
aims to remunerate its Directors through an appropriate mix of cash and share
awards, thus aligning their interests with those of its shareholders. With
this purpose the Annual 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
the preceding 12 months.
As a result, the following Directors were granted deferred bonus share awards
in the form of nil cost options over ordinary shares ("Ordinary Shares") on 12
August 2022. Subject to continuing office, these share awards will vest evenly
over the next three years on 30 June 2023, 2024 and 2025 and will remain
exercisable until 11 August 2032.
Directors Position Number of Shares Awarded
George Canjar Chairman 2,788,104
Adonis Pouroulis Chief Executive Officer 5,111,524
Julian Maurice-Williams Chief Financial Officer 4,182,156
Duncan Wallace Technical Director 4,182,156
Matching Awards
In accordance with the Company's Non-Executive Directors' Restricted Share
Unit Plan on 12 August 2022, the following Non-Executive Directors, who
subscribed for shares on 15 December 2021 and 13 June 2022 were granted a
matching share award.
Directors Position Number of Shares Awarded
George Canjar Chairman 319,828(1)
George Canjar Chairman 177,777(2)
Chris Zeal Non-Executive Director 111,111(2)
Andrew Hockey Non-Executive Director 71,428(1)
(1) Subject to continuing office and retention of the shares, these share
awards will vest in three equal instalments on 16 December 2022, 2023 and 2024
and will remain exercisable until 11 August 2032.
(2) Subject to continuing office and retention of the shares, these share
awards will vest in three equal instalments on 14 June 2023, 2024 and 2025 and
will remain exercisable until 11 August 2032.
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
Cenkos Securities Plc (Nomad and Joint Broker) +44 (0)20 7397 8900
Derrick Lee, Adam Rae (Corporate Finance)
Peel Hunt (Joint Broker) +44 (0) 20 7894 7000
Richard Crichton, David McKeown
Celicourt Communications (Financial PR) +44 (0)20 8434 2754
Mark Antelme, Jimmy Lea
NOTES FOR EDITORS:
About Chariot
Chariot is an African focussed transitional energy group with two business
streams, Transitional Gas and Transitional Power.
Chariot Transitional Gas is focussed on 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. Chariot is also partnering with the Government of Mauritania on the
potential development of a 10GW green hydrogen project, Project Nour.
The ordinary shares of Chariot Limited are admitted to trading on the AIM
under the symbol 'CHAR'.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name George Canjar
2. Reason for the Notification
a) Position/status Chairman
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot 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 Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of options over Ordinary Shares. In accordance with the Company's
Non-Executive Directors' Restricted Share Unit Plan these options will vest in
equal instalments over the next three years on 30 June 2023, 2024 and 2025 and
will remain exercisable until 11 August 2032
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 2,788,104
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 12 August 2022
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
12 August 2022
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Adonis Pouroulis
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 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 Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of Options over Ordinary Shares. In accordance with the Company's Long
Term Incentive Share Scheme these Options will vest evenly over the next three
years on 30 June 2023, 2024 and 2025 and will remain exercisable until 11
August 2032.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 5,111,254
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 12 August 2022
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
12 August 2022
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 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 Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of options over Ordinary Shares. In accordance with the Company's Long
Term Incentive Share Scheme these options will vest evenly over the next three
years on 30 June 2023, 2024 and 2025 and will remain exercisable until 11
August 2032.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 4,182,156
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 12 August 2022
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
12 August 2022
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Duncan Wallace
2. Reason for the Notification
a) Position/status Technical Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot 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 Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of options over Ordinary Shares. In accordance with the Company's Long
Term Incentive Share Scheme these options will vest evenly over the next three
years on 30 June 2023, 2024 and 2025 and will remain exercisable until 11
August 2032.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 4,182,156
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 12 August 2022
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
12 August 2022
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name George Canjar
2. Reason for the Notification
a) Position/status Chairman
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot 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 Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of options over Ordinary Shares. In accordance with the Company's
Non-Executive Directors' Restricted Share Unit Plan these options will vest in
equal instalments over the next three years on 16 December 2022, 2023 and 2024
and will remain exercisable until 11 August 2032
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 319,828
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 12 August 2022
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
12 August 2022
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name George Canjar
2. Reason for the Notification
a) Position/status Chairman
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot 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 Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of options over Ordinary Shares. In accordance with the Company's
Non-Executive Directors' Restricted Share Unit Plan these options will vest in
equal instalments over the next three years on 14 June 2023, 2024 and 2025 and
will remain exercisable until 11 August 2032
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 177,777
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 12 August 2022
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
12 August 2022
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Chris Zeal
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot 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 Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of options over Ordinary Shares. In accordance with the Company's
Non-Executive Directors' Restricted Share Unit Plan these options will vest in
equal instalments over the next three years on 14 June 2023, 2024 and 2025 and
will remain exercisable until 11 August 2032
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 111,111
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 12 August 2022
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
12 August 2022
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Andrew Hockey
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot 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 Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of options over Ordinary Shares. In accordance with the Company's
Non-Executive Directors' Restricted Share Unit Plan these options will vest in
equal instalments over the next three years on 16 December 2022, 2023 and 2024
and will remain exercisable until 11 August 2032
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 71,428
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 12 August 2022
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
12 August 2022
f)
Place of the transaction
Outside a trading venue.
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