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

ChariotAnnouncement

13/08/2024 11:15

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RNS Number : 2784A  Chariot Limited  13 August 2024

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NOTICES AT THE END OF THIS ANNOUNCEMENT.

 

Chariot Limited

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

 

13 August 2024

Result of General Meeting and Total Voting Rights

 

Chariot (AIM: CHAR), the African 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$9 million (£7 million) through the issue of 106,704,899 New Ordinary
Shares.

 

The net proceeds of the Fundraising will be used as follows in order to:

·    Strengthen the balance sheet to continue to progress and deliver
value from Chariot's portfolio of projects

·    Secure a material new venture opportunity with multi-billion barrel
potential

·    Progress onshore gas commercialisation plans in Morocco to build a
gas to industry supply

 

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 14
August 2024. On Admission, the Company will have 1,180,884,055 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 19 July 2024 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 (as amended).

 

Enquiries:

 Chariot Limited                                                  +44 (0)20 7318 0450

 Adonis Pouroulis, CEO

 Julian Maurice-Williams, CFO

 Cavendish Capital Markets Limited (Nomad and Joint Bookrunner)   +44 (0)20 7397 8900

 Derrick Lee, Adam Rae (Corporate Finance)

 Leif Powis (ECM)

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

 Callum Stewart, Ashton Clanfield, Jason Grossman

 Celicourt Communications (Financial PR)                          +44 (0)20 7770 6424

 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 high value, low risk gas development
projects in Morocco, a fast-growing emerging economy, with a clear route to
early monetisation, delivery of free cash flow 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 TEH2 (80% owned by TotalEnergies,
20% by the EREN Group) and the Government of Mauritania on the potential
development of a 10GW green hydrogen project, Project Nour in Mauritania, and
is progressing pilot projects in Morocco.

 

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

 

This Announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America.  This Announcement is
not an offer of securities for sale into the United States.  The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

 

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