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

ChariotAnnouncement

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RNS Number : 4064N  Chariot Limited  18 June 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, ARE RESTRICTED AND NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA,
THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS
ANNOUNCEMENT.

 

Chariot Limited

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

 

18 June 2025

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$7.1 million (£5.2 million) through the issue of 375,030,349 New Ordinary
Shares.

 

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

·      Secure Chariot's stake and participation in wind generation, gas
and new upstream assets

·      Strengthen the balance sheet to execute the Company's updated
strategy and enable management to demerge the Renewable Power pillar in order
to realise value and allow further growth of both businesses

 

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 19
June 2025. On Admission, the Company will have 1,577,477,983 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 23 May 2025 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)           +44 (0)20 7397 8900

 Derrick Lee, Adam Rae (Corporate Finance)

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

 Callum Stewart, Ashton Clanfield, Jason Grossman

 Hannam & Partners (Joint Bookrunner)                +44 (0) 20 7907 8500

 Neil Passmore, Leif Powis

 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 two core business
streams: Upstream Oil and Gas and Renewable Power.

 

Chariot's Upstream Oil and Gas pillar is focused on building out a full-value
chain upstream growth business within Africa. Chariot holds a diverse
footprint in Morocco with its offshore and onshore licences and is pursuing a
range of new ventures with a focus on oil and gas opportunities.

 

Chariot Transitional Power is focused on providing competitive, sustainable
and reliable energy through generating and trading renewable power in South
Africa as well as progressing the development of its power-to-mining and water
projects on the continent. Chariot is also continuing to advance its green
hydrogen asset, Project Nour in Mauritania and the 1 MW electrolyser pilot
project 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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