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

ChariotAnnouncement

11/03/2026 11:45

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RNS Number : 2492W  Chariot Limited  11 March 2026

 

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
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JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS
ANNOUNCEMENT.

 

Chariot Limited

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

 

11 March 2026

Result of General Meeting and Total Voting Rights

 

Chariot (AIM: CHAR), the African focused 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 Open Offer, Chariot has raised a total of US$24.3 million
(£18.0 million) through the issue of 1,287,953,313 New Ordinary Shares. The
Company also obtained shareholder approval for the issue of the Warrants and
will therefore issue 1,287,953,313 Warrants. Each Warrant shall entitle the
relevant warrant holder to subscribe for one Ordinary Share at an exercise
price of 2.4 pence and will expire on 9 April 2029.

 

The net proceeds of the Fundraising will be used to:

 

 ·          Part finance the acquisition by Etu Energias S.A. of a working interest in
            assets offshore Angola, supported by an acquisition financing package provided
            by Shell Western Supply and Trading Ltd;
 ·          Cover the costs involved with the Transaction; and

 ·          Provide additional corporate 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 12
March 2026. On Admission, the Company will have 2,866,098,665 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 February 2026 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
 Hannam & Partners (Bookrunner)                         +44 (0) 20 7907 8500

 Neil Passmore, Leif Powis

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

 Mark Antelme, Charles Denley-Myerson, Kathleen Beams

 

Notes

 

About Chariot

 

Chariot is an Africa focused 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 growth business within Africa. Alongside securing a footprint in Angola,
Chariot holds a diverse portfolio in Morocco and is pursuing a range of new
ventures with a focus on production opportunities as well as its ongoing
exploration interests in Namibia.

 

Chariot's Renewable Power business is focused on providing competitive,
sustainable and reliable energy through building, generating and trading
renewable power in South Africa as well as progressing the development of its
power-to-mining projects on the continent. Chariot is also continuing to
advance its green hydrogen asset, Project Nour in Mauritania.

 

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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