REG - Chariot Limited - Grant of Deferred Share Awards
19/12/2023 15:15
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RNS Number : 3516X Chariot Limited 19 December 2023
19 December 2023
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 period.
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 19
December 2023. Subject to continuing office, these share awards will vest
evenly over the next three years on 30 June 2024, 2025 and 2026 and will
remain exercisable until 18 December 2033.
Directors Position Number of Shares Awarded
George Canjar Chairman 427,723
Adonis Pouroulis Chief Executive Officer 977,654
Julian Maurice-Williams Chief Financial Officer 733,240
Duncan Wallace Technical Director 733,240
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 Plc (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)
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 2024, 2025 and 2026 and
will remain exercisable until 18 December 2033.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 427,723
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 19 December 2023
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
19 December 2023
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 2024, 2025 and 2026 and will remain exercisable until 18
December 2033.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 977,654
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 19 December 2023
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
19 December 2023
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 2024, 2025 and 2026 and will remain exercisable until 18
December 2033.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 733,240
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 19 December 2023
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
19 December 2023
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 2024, 2025 and 2026 and will remain exercisable until 18
December 2033.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 733,240
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 19 December 2023
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
19 December 2023
f)
Place of the transaction
Outside a trading venue.
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