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Chariot Oil & Gas Ltd - Africa-focused energy company - Agrees for the acquisition of the business of Africa Energy Management Platform for up to USD2 million payable primarily in Chariot shares, representing up to 4% of Chariot's enlarged share capital. Africa Energy Management Platform is a renewable and hybrid energy project developer, with an ongoing strategic partnership with Total Eren, a 30%-owned subsidiary of Total SE.
Post completion of the acquisition, the enlarged company will change its name from Chariot Oil & Gas to Chariot Ltd.
Current stock price: 10.16 pence, up 2.9% on Tuesday
Year-to-date change: up 18%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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