REG - Chariot Limited - Issue of Shares and Total Voting Rights

ChariotAnnouncement

28/02/2022 15:00

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RNS Number : 0719D  Chariot Limited  28 February 2022

 

 

 

 

 

 

 

28 February 2022

 

Chariot Limited

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

 

Issue of Underwriting Shares and Total Voting Rights

 

Chariot (AIM: CHAR), the African focused transitional energy company,
announces the issuance of new Ordinary Shares exercised pursuant to the
Underwriting Commitment as detailed in the Fundraising announced on 24 May
2021.

 

Magna Capital LDA (of which Adonis Pouroulis has a substantial interest)
underwrote the Fundraising, ensuring that the total fundraising equated to
approximately US$23 million enabling the successful Anchois drilling campaign,
with its significant gas discoveries, to occur on time and on budget.

 

Application has been made for 33,742,396 new Ordinary shares at the Issue
Price to be admitted to trading on AIM. It is expected that admission will
occur and dealings in the new Ordinary Shares will commence on 3 March 2022
("Admission"). Following Admission, the Company will have 827,071,815 Ordinary
Shares in issue, with no shares held in treasury. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

Capitalised terms in this announcement shall have the same meaning ascribed in
the announcement made on 24 May 2021 unless the context requires otherwise.

 

Enquiries:

 

 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 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
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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