REG - Chariot Oil & Gas Ld - Grant of shares <Origin Href="QuoteRef">CHARC.L</Origin>

ChariotAnnouncement

16/07/2015 12:56

RNS Number : 3587R
Chariot Oil & Gas Ld
26 June 2015
26 June 2015
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 reward its Executive Directors by aligning their total remuneration packages with the achievement of appropriate Corporate short and long term goals which include relevant Total Shareholder Return metrics. 
As a result, the Company announces the award of deferred shares under the Company's Long Term Incentive Share Scheme ("LTIP"), as part of the bonus payable under the Executive Director 2014 annual bonus scheme.
2014 Annual Bonus - Deferred Share Awards 
On 26 June 2015, the following Executive Directors were granted deferred share awards in the form of nil cost options over 658,744 shares under the LTIP. Subject to the continued employment of the Executive Directors, these deferred share awards will vest on 1 January 2018 and will remain exercisable until 25 June 2025. 
Executive Director
Position
Deferred Shares Awarded



Larry Bottomley
Chief Executive Officer
411,011
Matthew Taylor
Exploration Director
247,733
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For further information please contact: 
Chariot Oil & Gas Limited
Larry Bottomley, CEO
+44 (0)20 7318 0450
GMP Securities (Joint Broker)
Rob Collins, Emily Morris
+44 (0)20 7647 2835
Jefferies International Limited (Joint Broker) 
Chris Zeal, Max Jones 
+44 (0)20 7029 8000
finnCap (Nominated Adviser)
Matt Goode, Christopher Raggett
+44 (0)20 7220 0500
ECM2 Advisory
Natalia Erikssen 
+44 (0)78 0944 0929 
NOTES TO EDITORS
About Chariot
Chariot Oil & Gas Limited is an independent oil and gas exploration group. It holds licences covering four blocks in Namibia, one block in Mauritania, three blocks in Morocco and four licences 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 Market of the London Stock Exchange under the symbol 'CHAR'.

This information is provided by RNS
The company news service from the London Stock Exchange
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