REG - Chariot Limited - Grant of Deferred Share Awards

ChariotAnnouncement

24/12/2025 07:00

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RNS Number : 7338M  Chariot Limited  24 December 2025

 

24 December 2025

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, aligning their interests with those of shareholders. During a
challenging operating period, the Executive Directors delivered against
pre-defined objectives, including stewardship of the Company through a period
of operational and strategic transition and, with only limited historic awards
remaining outstanding, the Board considers deferred equity to remain an
important component of long-term incentive and retention arrangements.
Accordingly, in recognition of this performance and to support continued
alignment and retention, the Board has approved the grant of deferred share
awards.

 

The following Directors were duly granted deferred share awards in the form of
nil cost options over ordinary shares ("Ordinary Shares") on 24 December 2025.
Subject to continuing office, these share awards will vest in three equal
instalments on 30 June 2026, 2027 and 2028 and will remain exercisable until
24 December 2035.

 

 Directors                Position                 Number of Shares Awarded
 Adonis Pouroulis         Chief Executive Officer  6,000,000
 Julian Maurice-Williams  Chief Financial Officer  4,500,000
 Duncan Wallace           Technical Director       4,500,000

 

Matching awards

In accordance with the Company's Non-Executive Directors' Restricted Share
Unit Plan on 24 December 2025, Chairman Andrew Hockey was granted 434,065
matching awards over Ordinary Shares in the Company. The awards were granted
to match the purchase of shares made by Andrew Hockey on 14 August 2024 and 19
June 2025. The matching awards are conditional upon continuing office and
retention of such purchased shares until the awards vest. 76,923 matching
share awards will vest in three equal instalments being immediately, 14 August
2026 and 14 August 2027 and 357,142 matching share awards will vest in three
equal instalments on 19 June 2026, 2027 and 2028.

 

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)20 7397 8900

 Derrick Lee

 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, Charles Denley-Myerson, Kathleen Beams

 

Notes

 

About Chariot

 

Chariot is an Africa focused energy group with two core business streams:
Upstream Oil and Gas and Renewable Power.

 

Chariot's Upstream Oil and Gas pillar is focused on building out a full-value
chain upstream growth business within Africa. Chariot holds a diverse
footprint in Morocco with its offshore and onshore licences and is pursuing a
range of new ventures with a focus on oil and gas production opportunities.

 

Chariot's Renewable Power business is focused on providing competitive,
sustainable and reliable energy through building, generating and trading
renewable power in South Africa as well as progressing the development of its
power-to-mining projects on the continent. Chariot is also continuing to
advance its green hydrogen asset, Project Nour in Mauritania.

 

The ordinary shares of Chariot Limited are admitted to trading on AIM under
the symbol 'CHAR'. https://chariotenergygroup.com
(https://protect.checkpoint.com/v2/r02/___https:/chariotenergygroup.com___.YXAxZTpldGFuYWVuZXJneTpjOm86YWE4ZmQzNDA3Y2I4ZDUwYmE0N2ZhNGMxYjI1ZGNlMjU6NzpjYTY2OjIwYWVjZDZiZWI3M2M4MzRlNDYzZjRlODQ5MmU2Mzc2ZTQxNzEzNTkwZjI4ZjQ0ZDdhZmJiNDE4NjI3YjM4NTE6cDpUOkY)

 

 

 

 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 on 30 June 2026,
                                                                      2027 and 2028 and will remain exercisable until 24 December 2035.
 c)      Price(s) and volume(s)

Price(s)  Volume(s)
                                                                      £nil      6,000,000
 d)      Aggregated information:

         ·      Aggregated volume                                     Not applicable, single transaction.

         ·      Price
 e)      Date of the transaction                                      24 December 2025
 f)      Place of the transaction                                     Outside a trading venue.

d)

Aggregated information:

·      Aggregated volume

·      Price

 

Not applicable, single transaction.

e)

Date of the transaction

24 December 2025

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 on 30 June 2026,
                                                                      2027 and 2028 and will remain exercisable until 24 December 2035.
 c)      Price(s) and volume(s)

Price(s)  Volume(s)
                                                                      £nil      4,500,000
 d)      Aggregated information:

         ·      Aggregated volume                                     Not applicable, single transaction.

         ·      Price
 e)      Date of the transaction                                      24 December 2025
 f)      Place of the transaction                                     Outside a trading venue.

d)

Aggregated information:

·      Aggregated volume

·      Price

 

Not applicable, single transaction.

e)

Date of the transaction

24 December 2025

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 on 30 June 2026,
                                                                      2027 and 2028 and will remain exercisable until 24 December 2035.
 c)      Price(s) and volume(s)

Price(s)  Volume(s)
                                                                      £nil      4,500,000
 d)      Aggregated information:

         ·      Aggregated volume                                     Not applicable, single transaction.

         ·      Price
 e)      Date of the transaction                                      24 December 2025
 f)      Place of the transaction                                     Outside a trading venue.

d)

Aggregated information:

·      Aggregated volume

·      Price

 

Not applicable, single transaction.

e)

Date of the transaction

24 December 2025

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                                              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
                                                                      three equal instalments being immediately, 14 August 2026 and 14 August 2027
                                                                      and will remain exercisable until 24 December 2035.

 c)      Price(s) and volume(s)

Price(s)  Volume(s)
                                                                      £nil      76,923
 d)      Aggregated information:

         ·      Aggregated volume                                     Not applicable, single transaction.

         ·      Price
 e)      Date of the transaction                                      24 December 2025
 f)      Place of the transaction                                     Outside a trading venue.

d)

Aggregated information:

·      Aggregated volume

·      Price

 

Not applicable, single transaction.

e)

Date of the transaction

24 December 2025

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                                              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
                                                                      three equal instalments on 19 June 2026, 2027 and 2028 and will remain
                                                                      exercisable until 24 December 2035.
 c)      Price(s) and volume(s)

Price(s)  Volume(s)
                                                                      £nil      357,142
 d)      Aggregated information:

         ·      Aggregated volume                                     Not applicable, single transaction.

         ·      Price
 e)      Date of the transaction                                      24 December 2025
 f)      Place of the transaction                                     Outside a trading venue.

d)

Aggregated information:

·      Aggregated volume

·      Price

 

Not applicable, single transaction.

e)

Date of the transaction

24 December 2025

f)

Place of the transaction

Outside a trading venue.

 

 

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