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RNS Number : 0798I Chariot Limited 02 August 2023
2 August 2023
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$19.1 million (£14.8 million) through the issue of 106,246,564 New Ordinary
Shares. The net proceeds of the Fundraising will be used for:
· near term onshore drilling and development planning on the Loukos
Onshore Licence, and
· new ventures and 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 3
August 2023. On Admission, the Company will have 1,069,941,027 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 10 July 2023 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
Adonis Pouroulis, CEO +44 (0)20 7318 0450
Julian Maurice-Williams, CFO
Cenkos Securities Plc (Nomad and Joint Bookrunner) +44 (0)20 7397 8900
Derrick Lee, Adam Rae (Corporate Finance)
Leif Powis (ECM)
Stifel Nicolaus Europe Ltd (Joint Bookrunner) +44 (0) 20 7710 7760
Callum Stewart, Jason Grossman, Ashton Clanfield
Celicourt Communications (Financial PR) +44 (0)20 7770 6424
Mark Antelme, Jimmy Lea
NOTES FOR EDITORS:
About Chariot
Chariot is an African 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 AIM under
the symbol 'CHAR'.
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