Last checked at 19 May 2022 09:15
Chariot Limited
("Chariot", the "Company" or the "Group")
19 May 2022
Update to Fundraising Timetable
Chariot (AIM: CHAR), the African focused transitional energy company, confirms that further to the announcement released on 18 May 2022 regarding a Proposed Placing, Subscription, and an Open Offer (together, the "Fundraising"), the timetable of principle events associated with the Fundraising is now as set out below.
REVISED EXPECTED TIMETABLE OF PRINCIPAL EVENTS.
2022 | |
Announcement of Launch of ABB | 4.38 pm on 18 May |
Announcement of Result of ABB | 7.00 am on 19 May |
Record date of Open Offer | 6:30 pm on 19 May |
Ex-entitlement date for Open Offer | 7.00 am on 20 May |
Posting of Circular, Form of Proxy and Application Form | 23 May |
Open Offer Entitlements and Excess CREST Open Offer Entitlements credited to stock accounts of Qualifying CREST Shareholders in CREST | 8.00 am on 24 May |
Latest recommended time and date for requesting withdrawal of Open Offer entitlements from CREST | 4.30pm on 31 May* |
Latest time and date for depositing Open Offer entitlements into CREST | 3.00pm on 1 June* |
Latest time and date for splitting application forms (to satisfy bona fide market claims only) | 3.00 pm on 6 June* |
Latest time and date for receipt of Open Offer application forms and payment in full under the Open Offer and settlement of relevant CREST instructions (as appropriate) | 11.00 am on 8 June* |
Latest time and date for receipt of Forms of Proxy and CREST voting instructions | 11.00 am on 8 June* |
Announcement of results of Open Offer | 9 June* |
General Meeting | 11.00 am 10 June |
Announcement of results of General Meeting | Following General Meeting on 10 June |
Admission of New Ordinary Shares | 8.00 am 13 June |
New Ordinary Shares credited to CREST Members' accounts in respect of the Placing Shares and Open Offer Shares | 13 June |
Dispatch of definitive share certificates in certified form in respect of the Placing Shares, Subscription Shares and Open Offer Shares | By 20 June |
Notes
1. Each of the times and dates set out in the above timetable and mentioned in this Announcement are subject to change by the Company (with the agreement of the Joint Bookrunners), in which event details of the new times and dates will be notified to London Stock Exchange plc and the Company will make an appropriate announcement to a Regulatory Information Service.
2. References to times in this Document are to London time (unless otherwise stated).
* Please note that these times and dates differ from the times and dates originally announced in the announcement released at 4.38 pm on 18 May 2022.
Posting of Circular
The General Meeting is to be held at 165 Fleet Street, London, EC4A 2DY at 11.00 a.m. on 10 June 2022 at which the Resolutions will be proposed. Company will post a Circular to Shareholders on 23 May 2022, containing a Notice of General Meeting, proxy form and full details of the Open Offer including (where applicable) the Open Offer application form. The Circular will also be available on the Company's website.
Enquiries:
Chariot Limited Adonis Pouroulis, Acting CEO Julian Maurice-Williams, CFO | +44 (0)20 7318 0450
|
Cenkos Securities Plc (Nominated Adviser and Joint Bookrunner) Derrick Lee, Adam Rae (Corporate Finance) Leif Powis (ECM)
Peel Hunt LLP (Joint Bookrunner) Richard Crichton, David McKeown |
+44 (0)20 7397 8900
+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 the Anchois development project, located in the Lixus licence, offshore Morocco. The Anchois development is a significant gas discovery, located in a fast-growing economy on the doorstep of Europe, with a clear route to near-term monetisation, delivery of free cashflow and material exploration upside.
Chariot Transitional Power is 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 has also partnered with the Government of Mauritania for the potential development of a large-scale green hydrogen project.
The ordinary shares of Chariot Limited are admitted to trading on the AIM under the symbol 'CHAR'.
Forward-Looking Statements
This announcement contains forward-looking statements. These statements relate to the Chariot Group's future prospects, developments and business strategies. Forward-looking statements are identified by their use of terms and phrases such as "potential", "estimate", "expect", "may", "will" or the negative of such terms and phrases, variations or comparable expressions, including references to assumptions. The forward-looking statements in this announcement are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. These forward-looking statements speak only as at the date of this announcement. No statement in this announcement is intended to constitute a profit forecast or profit estimate for any period. Neither the Directors nor the Company undertake any obligation to update forward-looking statements other than as required by the AIM Rules or by the rules of any other securities regulatory authority, whether as a result of new information, future events or otherwise.