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RNS Number : 6469M Chariot Limited 30 April 2024
30 April 2024
Chariot Limited
("Chariot", the "Company")
Grant of Deferred Share Awards and Amendment of Historic Awards
In line with best practice corporate governance for AIM companies, Chariot
aims to remunerate its Directors through an appropriate mix of cash and share
awards, thus aligning their interests with those of its shareholders.
Matching awards
In accordance with the Company's Non-Executive Directors' Restricted Share
Unit Plan on 30 April 2024, the following Non-Executive Directors were granted
a matching award over ordinary shares in the Company ("shares").
Directors Position Number of Shares Awarded
George Canjar Chairman 200,000(1)
Chris Zeal Non-Executive Director 113,921(2)
The matching awards are granted in order to "match" the purchase of shares
("purchased shares") made by George Canjar on 21 December 2023 and 27 December
2023 and made by Chris Zeal on 29 January 2024. The matching awards are
conditional upon retention of such purchased shares until the awards vest.
( )
(1) Subject to continuing office and retention of the purchased shares, the
matching share award will vest on 27 December 2026.
(2) Subject to continuing office and retention of the purchased shares, the
matching share award will vest in three equal instalments on 29 January 2025,
2026 and 2027.
Historic share awards amended
Historic share awards granted under the Company's Long Term Incentive Plan and
Non-Executive Directors' Restricted Share Unit Plan have had their expiry date
extended, in recognition of long-standing commitment to the Company and having
not exercised previously vested awards. The effect on directors' share awards
both individually and cumulatively is net neutral (i.e. the same number of
shares will be outstanding under all share awards held by the directors). The
effect on the directors' share awards is listed below.
Directors Position Number of Shares in respect of which awards have been amended
Adonis Pouroulis Chief Executive Officer 522,735(3)
Julian Maurice-Williams Chief Financial Officer 352,083(4)
Duncan Wallace Technical Director 1,032,659(4)
(3) These share awards were granted whilst Adonis Pouroulis was a
Non-Executive Director under the Company's Non-Executive Directors' Restricted
Share Unit Plan and have had their expiry date extended such that they are
exercisable until 30 April 2027.
(4) These share awards were granted under the Long Term Incentive Plan and
have had their expiry date extended such that they are exercisable until 30
April 2027.
Share award
George Canjar has received a new share award under the Non-Executive
Directors' Restricted Share Unit Plan over a total of 4,880,210 shares, in
recognition of long-standing commitment to the Company and having not
exercised previously vested awards. This new share award relates to historic
awards which had vested (in whole or in part) but lapsed under the plan.
Subject to continuing office, the new share award will vest on 30 April 2027.
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, CEO
Julian Maurice-Williams, CFO
Cavendish Capital Markets Plc (Nomad and Joint Broker) +44 (0)131 220 9778
Derrick Lee, Adam Rae
Stifel Nicolaus Europe Limited (Joint Broker) +44 (0) 20 7710 7760
Callum Stewart, Ashton Clanfield
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 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 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
are progressing pilot projects in Morocco.
The ordinary shares of Chariot Limited are admitted to trading on the AIM
under the symbol 'CHAR'.
https://chariotenergygroup.com (https://chariotenergygroup.com)
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name George Canjar
2. Reason for the Notification
a) Position/status Chairman
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot Limited
b) LEI 21380046DOGKITYU6X54
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of options over Ordinary Shares. In accordance with the Company's
Non-Executive Directors' Restricted Share Unit Plan these options will vest on
27 December 2026.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 200,000
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
30 April 2024
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Chris Zeal
2. Reason for the Notification
a) Position/status Non-Executive Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot Limited
b) LEI 21380046DOGKITYU6X54
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of options over Ordinary Shares. In accordance with the Company's
Non-Executive Directors' Restricted Share Unit Plan these options will vest on
29 January 2025, 2026 and 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 113,921
d) Aggregated information:
· Aggregated volume Not applicable, single transaction.
· Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
30 April 2024
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name George Canjar
2. Reason for the Notification
a) Position/status Chairman
b) Initial notification/Amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot Limited
b) LEI 21380046DOGKITYU6X54
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Grant of options over Ordinary Shares. In accordance with the Company's
Non-Executive Directors' Restricted Share Unit Plan these options will vest on
30 April 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 4,880,210
d) Aggregated information: Not applicable, single transaction.
· Aggregated volume
· Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
30 April 2024
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Adonis Pouroulis
2. Reason for the Notification
a) Position/status Chief Executive Officer
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot Limited
b) LEI 21380046DOGKITYU6X54
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Extension of expiry period of options over Ordinary Shares granted whilst a
Non-Executive Director under the Company's Non-Executive Directors' Restricted
Share Unit Plan to remain exercisable until 30 April 2027
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 18,533
£nil 504,202
d) Aggregated information:
Price(s) Volume(s)
· Aggregated volume £nil 522,735
· Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Price(s) Volume(s)
£nil 522,735
e)
Date of the transaction
30 April 2024
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Julian Maurice-Williams
2. Reason for the Notification
a) Position/status Chief Financial Officer
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot Limited
b) LEI 21380046DOGKITYU6X54
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Extension of expiry period of options over Ordinary Shares under Long Term
Incentive Plan to remain exercisable until 30 April 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 133,333
£nil 218,750
d) Aggregated information:
Price(s) Volume(s)
· Aggregated volume £nil 352,083
· Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Price(s) Volume(s)
£nil 352,083
e)
Date of the transaction
30 April 2024
f)
Place of the transaction
Outside a trading venue.
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Duncan Wallace
2. Reason for the Notification
a) Position/status Technical Director
b) Initial notification/Amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Chariot Limited
b) LEI 21380046DOGKITYU6X54
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial instrument, type of instrument Options over Ordinary Shares.
Identification code ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b) Nature of the transaction Extension of expiry period of options over Ordinary Shares under Long Term
Incentive Plan to remain exercisable until 30 April 2027.
c) Price(s) and volume(s)
Price(s) Volume(s)
£nil 501,409
£nil 531,250
d) Aggregated information:
Price(s) Volume(s)
· Aggregated volume £nil 1,032,659
· Price
e) Date of the transaction 30 April 2024
f) Place of the transaction Outside a trading venue.
d)
Aggregated information:
· Aggregated volume
· Price
Price(s) Volume(s)
£nil 1,032,659
e)
Date of the transaction
30 April 2024
f)
Place of the transaction
Outside a trading venue.
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