REG - Chariot Limited - Update to Fundraising Timetable

ChariotAnnouncement

19/05/2022 09:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220519:nRSS1011Ma&default-theme=true

RNS Number : 1011M  Chariot Limited  19 May 2022

 

Chariot Limited

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

 

19 May 2022

Update to Fundraising Timetable

 

Chariot (AIM: CHAR), the African focused transitional energy company, confirms
that further to the announcement released on 18 May 2022 regarding a Proposed
Placing, Subscription, and an Open Offer (together, the "Fundraising"), the
timetable of principle events associated with the Fundraising is now as set
out below.

 

REVISED EXPECTED TIMETABLE OF PRINCIPAL EVENTS.

                                                                                  2022
 Announcement of Launch of ABB                                                    4.38 pm on 18 May
 Announcement of Result of ABB                                                    7.00 am on 19 May
 Record date of Open Offer                                                        6:30 pm on 19 May
 Ex-entitlement date for Open Offer                                               7.00 am on 20 May
 Posting of Circular, Form of Proxy and Application Form                          23 May
 Open Offer Entitlements and Excess CREST Open Offer Entitlements credited to     8.00 am on 24 May
 stock accounts of Qualifying CREST Shareholders in CREST
 Latest recommended time and date for requesting withdrawal of Open Offer         4.30pm on 31 May*
 entitlements from CREST
 Latest time and date for depositing Open Offer entitlements into CREST           3.00pm on 1 June*
 Latest time and date for splitting application forms (to satisfy bona fide       3.00 pm on 6 June*
 market claims only)
 Latest time and date for receipt of Open Offer application forms and payment     11.00 am on 8 June*
 in full under the Open Offer and settlement of relevant CREST instructions (as
 appropriate)
 Latest time and date for receipt of Forms of Proxy and CREST voting              11.00 am on 8 June*
 instructions
 Announcement of results of Open Offer                                            9 June*
 General Meeting                                                                  11.00 am 10 June
 Announcement of results of General Meeting                                       Following General Meeting on 10 June
 Admission of New Ordinary Shares                                                 8.00 am 13 June
 New Ordinary Shares credited to CREST Members' accounts in respect of the        13 June
 Placing Shares and Open Offer Shares
 Dispatch of definitive share certificates in certified form in respect of the    By 20 June
 Placing Shares, Subscription Shares and Open Offer Shares

 Notes

1.     Each of the times and dates set out in the above timetable and
mentioned in this Announcement are subject to change by the Company (with the
agreement of the Joint Bookrunners), in which event details of the new times
and dates will be notified to London Stock Exchange plc and the Company will
make an appropriate announcement to a Regulatory Information Service.

2.    References to times in this Document are to London time (unless
otherwise stated).

* Please note that these times and dates differ from the times and dates
originally announced in the announcement released at 4.38 pm on 18 May 2022.

 

 

Posting of Circular

The General Meeting is to be held at 165 Fleet Street, London, EC4A 2DY at
11.00 a.m. on 10 June 2022 at which the Resolutions will be proposed. Company
will post a Circular to Shareholders on 23 May 2022, containing a Notice of
General Meeting, proxy form and full details of the Open Offer including
(where applicable) the Open Offer application form. The Circular will also be
available on the Company's website.

 

Enquiries:

 Chariot Limited                                                  +44 (0)20 7318 0450

 Adonis Pouroulis, Acting CEO

 Julian Maurice-Williams, CFO

 Cenkos Securities Plc (Nominated Adviser and Joint Bookrunner)   +44 (0)20 7397 8900

 Derrick Lee, Adam Rae (Corporate Finance)

 Leif Powis (ECM)

 Peel Hunt LLP (Joint Bookrunner)

 Richard Crichton, David McKeown                                  +44 (0) 20 7894 7000

 Celicourt Communications (Financial PR)                          +44 (0)20 8434 2754

 Mark Antelme, Jimmy Lea

NOTES FOR EDITORS:

 

About Chariot

 

Chariot is an African focussed transitional energy group with two business
streams, Transitional Gas and Transitional Power.

 

Chariot Transitional Gas is focussed on the Anchois development project,
located in the Lixus licence, offshore Morocco. The Anchois development is a
significant gas discovery, located in a fast-growing economy on the doorstep
of Europe, with a clear route to near-term monetisation, delivery of free
cashflow and material exploration upside.

 

Chariot Transitional Power is looking to transform the energy market for
mining operations in Africa, providing a giant largely untapped market with
cleaner, sustainable, and more reliable power. Chariot has also partnered with
the Government of Mauritania for the potential development of a large-scale
green hydrogen project.

 

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

Forward-Looking Statements

This announcement contains forward-looking statements. These statements relate
to the Chariot Group's future prospects, developments and business strategies.
Forward-looking statements are identified by their use of terms and phrases
such as "potential", "estimate", "expect", "may", "will" or the negative of
such terms and phrases, variations or comparable expressions, including
references to assumptions. The forward-looking statements in this announcement
are based on current expectations and are subject to risks and uncertainties
that could cause actual results to differ materially from those expressed or
implied by those statements. These forward-looking statements speak only as at
the date of this announcement. No statement in this announcement is intended
to constitute a profit forecast or profit estimate for any period. Neither the
Directors nor the Company undertake any obligation to update forward-looking
statements other than as required by the AIM Rules or by the rules of any
other securities regulatory authority, whether as a result of new information,
future events or otherwise.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGPUGGAUPPURB