Last checked at 12 Aug 2022 15:00
12 August 2022
Chariot Limited
("Chariot", the "Company")
Grant of Deferred Share Awards
In line with best practice corporate governance for AIM companies, Chariot aims to remunerate its Directors through an appropriate mix of cash and share awards, thus aligning their interests with those of its shareholders. With this purpose the Annual Bonus Scheme looks to reward the achievement of pre-defined corporate performance targets through the grant of deferred bonus share awards based on the extent to which these targets were achieved during the preceding 12 months.
As a result, the following Directors were granted deferred bonus share awards in the form of nil cost options over ordinary shares ("Ordinary Shares") on 12 August 2022. Subject to continuing office, these share awards will vest evenly over the next three years on 30 June 2023, 2024 and 2025 and will remain exercisable until 11 August 2032.
Directors | Position | Number of Shares Awarded |
George Canjar | Chairman | 2,788,104 |
Adonis Pouroulis | Chief Executive Officer | 5,111,524 |
Julian Maurice-Williams | Chief Financial Officer | 4,182,156 |
Duncan Wallace | Technical Director | 4,182,156 |
Matching Awards
In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan on 12 August 2022, the following Non-Executive Directors, who subscribed for shares on 15 December 2021 and 13 June 2022 were granted a matching share award.
Directors | Position | Number of Shares Awarded |
George Canjar | Chairman | 319,8281 |
George Canjar | Chairman | 177,7772 |
Chris Zeal | Non-Executive Director | 111,1112 |
Andrew Hockey | Non-Executive Director | 71,4281 |
1 Subject to continuing office and retention of the shares, these share awards will vest in three equal instalments on 16 December 2022, 2023 and 2024 and will remain exercisable until 11 August 2032.
2 Subject to continuing office and retention of the shares, these share awards will vest in three equal instalments on 14 June 2023, 2024 and 2025 and will remain exercisable until 11 August 2032.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, as retained in the UK pursuant to S3 of the European Union (Withdrawal) Act 2018.
Enquiries
Chariot Limited Adonis Pouroulis, CEO Julian Maurice-Williams, CFO | +44 (0)20 7318 0450
|
Cenkos Securities Plc (Nomad and Joint Broker) Derrick Lee, Adam Rae (Corporate Finance)
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+44 (0)20 7397 8900 |
Peel Hunt (Joint Broker) Richard Crichton, David McKeown
| +44 (0) 20 7894 7000 |
Celicourt Communications (Financial PR) Mark Antelme, Jimmy Lea
| +44 (0)20 8434 2754 |
NOTES FOR EDITORS:
About Chariot
Chariot is an African focussed transitional energy group with two business streams, Transitional Gas and Transitional Power.
Chariot Transitional Gas is focussed on a high value, low risk gas development project offshore Morocco with strong ESG credentials in a fast-growing emerging economy with a clear route to early monetisation, delivery of free cashflow and material exploration upside. Chariot Transitional Power, looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power. Chariot is also partnering with the Government of Mauritania on the potential development of a 10GW green hydrogen project, Project Nour.
The ordinary shares of Chariot Limited are admitted to trading on the AIM under the symbol 'CHAR'.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | George Canjar | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chairman | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Chariot Limited | ||||
b) | LEI | 21380046DOGKITYU6X54 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. | ||||
Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |||||
b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan these options will vest in equal instalments over the next three years on 30 June 2023, 2024 and 2025 and will remain exercisable until 11 August 2032 | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
e) | Date of the transaction | 12 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue. | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Adonis Pouroulis | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Chariot Limited | ||||
b) | LEI | 21380046DOGKITYU6X54 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. | ||||
Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |||||
b) | Nature of the transaction | Grant of Options over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme these Options will vest evenly over the next three years on 30 June 2023, 2024 and 2025 and will remain exercisable until 11 August 2032. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
e) | Date of the transaction | 12 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue. | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Julian Maurice-Williams | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Chariot Limited | ||||
b) | LEI | 21380046DOGKITYU6X54 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. | ||||
Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |||||
b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme these options will vest evenly over the next three years on 30 June 2023, 2024 and 2025 and will remain exercisable until 11 August 2032. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
e) | Date of the transaction | 12 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue. | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Duncan Wallace | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Technical Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Chariot Limited | ||||
b) | LEI | 21380046DOGKITYU6X54 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. | ||||
Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |||||
b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme these options will vest evenly over the next three years on 30 June 2023, 2024 and 2025 and will remain exercisable until 11 August 2032. | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
e) | Date of the transaction | 12 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue. | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | George Canjar | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chairman | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Chariot Limited | ||||
b) | LEI | 21380046DOGKITYU6X54 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. | ||||
Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |||||
b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan these options will vest in equal instalments over the next three years on 16 December 2022, 2023 and 2024 and will remain exercisable until 11 August 2032 | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
e) | Date of the transaction | 12 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue. | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | George Canjar | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chairman | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Chariot Limited | ||||
b) | LEI | 21380046DOGKITYU6X54 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. | ||||
Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |||||
b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan these options will vest in equal instalments over the next three years on 14 June 2023, 2024 and 2025 and will remain exercisable until 11 August 2032 | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
e) | Date of the transaction | 12 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue. | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Chris Zeal | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Chariot Limited | ||||
b) | LEI | 21380046DOGKITYU6X54 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. | ||||
Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |||||
b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan these options will vest in equal instalments over the next three years on 14 June 2023, 2024 and 2025 and will remain exercisable until 11 August 2032 | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
e) | Date of the transaction | 12 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue. | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew Hockey | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-Executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Chariot Limited | ||||
b) | LEI | 21380046DOGKITYU6X54 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. | ||||
Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |||||
b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan these options will vest in equal instalments over the next three years on 16 December 2022, 2023 and 2024 and will remain exercisable until 11 August 2032 | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
e) | Date of the transaction | 12 August 2022 | ||||
f) | Place of the transaction | Outside a trading venue. | ||||