REG - Chariot Limited - Partnership Terms Signed with Total Eren

ChariotAnnouncement

17/11/2021 07:05

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211117:nRSQ6547Sa&default-theme=true

RNS Number : 6547S  Chariot Limited  17 November 2021

 

 

 

 

 

 

 

17 November 2021

 

 

Chariot Limited

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

 

Partnership Terms Signed with Total Eren

Relationship between Total Eren and Chariot further strengthened

 

Chariot (AIM: CHAR), the Africa focused transitional energy company, is
pleased to announce that it has signed binding key terms of a long-term joint
development partnership, with Total Eren, a leading France-based renewable
energy Independent Power Producer (the "Partners" and the "Partnership"). The
agreed terms will set out the relationship between the Partners from 1 January
2022 for the joint origination and development of wind and solar projects for
mining clients in Africa.

 

·      Partnership for three years, with the option to extend for a
further two years.

 

·      Chariot will have a right to invest between 15-49% into the
co-developed projects.

 

·      The Partners also have ambitions to collaborate on other
non-mining energy projects and transactions in Africa.

 

Fabienne Demol, Executive Vice-President & Global Head of Business
Development at Total Eren, commented:

"Total Eren is very pleased to implement a strategic partnership with Chariot.
We continue to believe that our expertise as a global renewable IPP and our
strategic partnership with TotalEnergies, combined with Chariot's experienced
team and wide reach to the African mining industry will bring further value
accretive opportunities to our collaboration. Together, we are determined to
address the energy needs of African mining companies, and we will collaborate
on other renewable energy projects in Africa."

Adonis Pouroulis, Acting CEO of Chariot, commented:

"I am very pleased to announce that Chariot is partnering with Total Eren, a
leading and skilful player in the renewable energy industry. This partnership
is looking to provide clean, sustainable, and more competitive energy to
operational mines in Africa. A market of significant scale, that is largely
untapped, where Chariot's management has a deep understanding and high-level
commercial networks and we look forward to announcing our significantly
progressed projects when appropriate."

 

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.

 

For further information please contact:

 

 Chariot Limited                                   +44 (0)20 7318 0450

 Adonis Pouroulis, Acting CEO

 Julian Maurice-Williams, CFO

 finnCap (Nominated Adviser and Joint Broker)      +44 (0)20 7220 0500

 Christopher Raggett, Simon Hicks, Edward Whiley

 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.

 

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

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCQDLBFFFLFFBV