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

ChariotAnnouncement

13/04/2023 15:00

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RNS Number : 1584W  Chariot Limited  13 April 2023

 

13 April 2023

 

Chariot Limited

("Chariot", the "Company")

 

Issue of Shares and Total Voting Rights

 

Chariot Limited (AIM: CHAR), the Africa focused transitional energy company
confirms that pursuant to the announcement made on 23 March 2021 regarding the
acquisition of the business of Africa Energy Management Platform ("AEMP"),
which is now Chariot's Transitional Power business, contingent consideration
is now payable which will be settled through the issue of 1,585,678 new
ordinary shares in Chariot ("Consideration Shares").

 

Application has been made for the Consideration Shares to be admitted to
trading on AIM ("Admission"), with Admission expected to occur on 17 April
2023.The Consideration Shares will rank pari passu with the Company's existing
Ordinary Shares.

 

Upon Admission the Company will have 963,694,463 Ordinary Shares in issue and
there are 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.

 

Under the terms of the original share purchase agreements, a maximum of
5,946,288 shares were payable as deferred and contingent consideration.
Deferred consideration of 1,982,096 shares has now lapsed, and following the
issue of the Consideration Shares there is a remaining balance of 2,378,514
contingent consideration shares for which conditions attached to issuance have
been extended until 22 March 2024.

 

 

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

 Stifel Nicolaus Europe Limited (Joint Broker)    +44 (0)20 7710 7760

 Callum Stewart, Ashton Clanfield
 Celicourt Communications (Financial PR)          +44 (0)20 8434 2754

 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 a high value, low risk gas development
project offshore Morocco in 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 Total Eren and the Government of
Mauritania on the potential development of a 10GW green hydrogen project,
named Project Nour.

 

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

 

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