Grant of Deferred Share Awards

RNS Number : 4117C

Chariot Oil & Gas Ld

28 June 2016

 

28 June 2016

Chariot Oil & Gas Limited

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

Grant of Deferred Share Awards

In line with best practice corporate governance for AIM companies, Chariot aims to reward its executive team by aligning total remuneration packages with the achievement of appropriate short and long term corporate goals.

As a result on 28 June 2016, under the Executive Director's 2015 annual bonus scheme, Larry Bottomley was granted a deferred share award in the form of a nil cost option over 1,564,286 shares under the Company's Long Term Incentive Share Scheme. Subject to his continued employment, this deferred share award will vest on 1 January 2019 and will remain exercisable until 27 June 2026.

For further information please contact: Chariot Oil & Gas Limited Larry Bottomley, CEO	[phone]
finnCap (Nominated Adviser and Joint Broker) Matt Goode, Christopher Raggett	[phone]
Peel Hunt (Joint Broker) Richard Crichton, Ross Allister	[phone]
EMC2 Advisory (Media Contact) Natalia Erikssen	[phone]

NOTES TO EDITORS

About Chariot

Chariot Oil & Gas Limited is an independent oil and gas exploration group. It holds licences covering four blocks in Namibia, two blocks in Morocco and four licences in the Barreirinhas Basin offshore Brazil. All of these blocks are currently in the exploration phase.

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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