Summarised RNS using AI18 Mar 2024 07:16
Chariot Limited is reviewing its Transitional Power division, which focuses on sustainable energy in Africa, due to funding needs. They're exploring options like sales, demergers, or keeping it in-house to best benefit shareholders. CEO Adonis Pouroulis emphasizes this move is strategic, aiming to fund projects and concentrate on promising natural gas ventures in Morocco. This could impact the share price both ways: it shows forward-thinking but also hints at financial pressures. How the market responds will hinge on the outcomes of this review and the deals Chariot secures.