Block Admission

RNS Number : 7998T

Chariot Oil & Gas Ld

22 July 2020

 

22 July 2020

Chariot Oil & Gas Limited

("Chariot", the "Company" or the "Group")

Block Admission

The Company announces that application has been made for the Block Admission of 10,000,000 ordinary shares of 1p each in the capital of the Company ("New Ordinary Shares" and "Ordinary Shares"), ranking pari passu with the Company's existing Ordinary Shares. These New Ordinary Shares may be issued from time to time pursuant to the Company's Long Term Incentive Share Scheme.

It is expected that admission will become effective in the New Ordinary Shares on 27 July 2020 ("Admission"). The Company's issued share capital currently consists of 378,868,721 Ordinary Shares, with no shares held in Treasury.

For further information please contact: Chariot Oil & Gas Limited Adonis Pouroulis, Acting CEO Julian Maurice-Williams, CFO	[phone]
finnCap (Nominated Adviser and Broker) Christopher Raggett, Hannah Boros (Corporate Finance) Andrew Burdis (ECM)	[phone]
Celicourt Communications (Financial PR) Jimmy Lea	[phone]

NOTES TO EDITORS

ABOUT CHARIOT

Chariot Oil & Gas Limited is an independent oil and gas company which holds a high value, low risk gas development project 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.

The ordinary shares of Chariot Oil & Gas Limited are admitted to trading on the AIM Market of the London Stock Exchange under the symbol 'CHAR'

 

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