RE: HEX19 Jul 2024 19:03
Must be in a different Africa to He1 ;)
only 13% discount
Proper open offer, approx 1/3 of new shares
Dilution approx 10% of current shares in issue
Chariot (AIM: CHAR), the Africa focused transitional energy company, is pleased to announce its intention to undertake a fundraising by way of a placing (the "Placing") and a direct subscription (the "Subscription") of, in aggregate, approximately US$6 million (£4.6 million) net of expenses and an open offer (the "Open Offer") of up to US$2 million (£1.5 million) (the Placing, Subscription and Open Offer together the "Fundraising"). Pursuant to the Fundraising, it is estimated that the Company will issue approximately 71,445,582 new Ordinary Shares pursuant to the Placing and the Subscription and up to 23,815,194 new Ordinary Shares pursuant to the Open Offer, in each case at an issue price of 6.5 pence per share (the "Issue Price").
The Placing, the Subscription and the Open Offer are each conditional, inter alia, upon the passing of the Resolutions by Shareholders at the General Meeting, to be held at the offices of Memery Crystal at 165 Fleet Street, London, EC4A 2DY on 13 August 2024 at 11:00 a.m.