REG - Chariot Oil & Gas Ld - Grant of Deferred Share Awards
RNS Number : 5466RChariot Oil & Gas Ld15 June 2018
15 June 2018
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Grant of Deferred Share Awards
In line with best practice corporate governance for AIM companies, Chariot aims to remunerate its Executive Team through an appropriate mix of cash and share awards, thus aligning their interests with those of its Shareholders. With this purpose the Annual Executives' Bonus Scheme looks to reward the achievement of pre-defined corporate performance targets through the grant of deferred bonus share awards based on the extent to which these targets were achieved during 2017.
As a result, under the 2017 Executives' Bonus Scheme, the following Persons Discharging Managerial Responsibilities ("PDMR") were granted deferred bonus share awards in the form of nil cost options over Ordinary Shares on 15 June 2018 under the Company's Long Term Incentive Share Scheme. Subject to continued employment, these share awards will vest on 1 January 2021 and will remain exercisable until 14 June 2028.
PDMR
Position
Number of Shares Awarded
Larry Bottomley
Chief Executive Officer
561,539
Julian Maurice-Williams
Chief Financial Officer
212,308
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information please contact:
Chariot Oil & Gas Limited
Larry Bottomley, CEO
+44 (0)20 7318 0450
finnCap (Nominated Adviser and Joint Broker)
Matt Goode, Christopher Raggett (Corporate Finance)
+44 (0)20 7220 0500
Celicourt Communications (Financial PR)
Henry Lerwill
+44 (0)207 520 9261
NOTES TO EDITORS
ABOUT CHARIOT
Chariot Oil & Gas Limited is an independent oil and gas exploration group. It holds licences covering two blocks in Namibia, three blocks in Morocco and four blocks in the Barreirinhas Basin offshore Brazil. All of these blocks are currently in the exploration phase.
The ordinary shares of Chariot Oil & Gas Limited are admitted to trading on the AIM, a market operated by the London Stock Exchange under the symbol 'CHAR'.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Larry Bottomley
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 Oil & Gas 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
Option over Ordinary Shares.
Identification code
ISIN for Chariot Oil & Gas Limited Ordinary Shares: GG00B2R9PM06
b)
Nature of the transaction
Grant of option over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme this option will vest on 1 January 2021 and will remain exercisable until 14 June 2028.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£nil
561,539
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
15 June 2018
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 Oil & Gas 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
Option over Ordinary Shares.
Identification code
ISIN for Chariot Oil & Gas Limited Ordinary Shares: GG00B2R9PM06
b)
Nature of the transaction
Grant of option over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme this option will vest on 1 January 2021 and will remain exercisable until 14 June 2028.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£nil
212,308
d)
Aggregated information:
· Aggregated volume
· Price
Not applicable, single transaction.
e)
Date of the transaction
15 June 2018
f)
Place of the transaction
Outside a trading venue.
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 or visit www.rns.com.ENDDSHFKPDPFBKKNAD
Recent news on Chariot
See all newsREG - Chariot Limited - TR-1: Notification of major holdings
AnnouncementREG - Chariot Limited Energean PLC - Completion of Energean Transaction
AnnouncementREG - Chariot Limited - Holding(s) in Company
AnnouncementREG - Chariot Limited - Directors Dealings
AnnouncementREG - Chariot Limited - Strategic Review of Transitional Power Division
Announcement