Chariot Ltd - Devon, England-based Africa-focused transitional energy company - Raises gross proceeds of USD4.0 million, or GBP3.2 million, through an open offer. The company received valid acceptances of 61.1 million open offer shares, representing an oversubscribed take-up against the 17.6 million available open offer shares.
Chief Executive Julian Maurice-Williams says: "I am very pleased to report that, subject to shareholder approval, we will have raised a total of USD29.5 million through the fundraising, which is an excellent result for the company."
Current stock price: 20.00 pence
12-month change: up sharply from 5.79p
By Heather Rydings; heatherrydings@alliancenews.com
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Chariot Ltd (CHAR)