REG - Chariot Limited - Result of General Meeting and Total Voting Rights

ChariotAnnouncement

10/06/2022 11:45

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RNS Number : 4920O  Chariot Limited  10 June 2022

10 June 2022

 

Chariot Limited

 

("Chariot", the "Company")

 

Result of General Meeting and Total Voting Rights

 

Chariot (AIM: CHAR), the Africa focused transitional energy company, announces
that at the General Meeting of the Company held earlier today all resolutions
were duly passed.

 

The Company is pleased to confirm that as a result of obtaining shareholder
approval for the Fundraising, which comprised an oversubscribed Placing and
Subscription and an oversubscribed Open Offer, Chariot has raised a total of
US$29.5 million (£23.6 million).  The net proceeds of the Fundraising will
be used to:

 

·      advance the engineering and design of the Anchois Gas
Development, including FEED project, project financing, gas sales and updated
reserves report, to reach FID:

·      progress renewable power pipeline, strategic partnering and new
venture opportunities; and

·      provide the Company with additional working capital.

 

 

Total Voting Rights

The Company has applied for admission of the New Ordinary Shares pursuant to
the Fundraising to trading on AIM. Admission will occur at 8.00 a.m. on
Monday, 13 June 2022. On Admission, the Company will have 958,002,421 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.

Capitalised terms in this announcement shall have the same meaning as in the
announcement made by the Company on 18 May 2022 unless the context requires
otherwise.

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, Acting CEO

 Julian Maurice-Williams, CFO
 Cenkos Securities Plc (Nomad and Joint Broker)  +44 (0)20 7397 8900

 Derrick Lee, Adam Rae (Corporate Finance)

 Leif Powis (ECM)                                +44 (0) 20 7894 7000

 Peel Hunt LLP (Joint Broker)

 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 focussed transitional energy group with two business
streams, Transitional Gas and Transitional Power.

 

Chariot Transitional Gas is a high value, low risk gas development project
offshore Morocco 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.
Chariot is also partnering with the Government of Mauritania on the potential
development of a 10GW green hydrogen project, Project Nour.

 

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

 

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