Grant of Deferred Share Awards

RNS Number : 9092V

Chariot Limited

12 August 2022

 

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	[phone]
Cenkos Securities Plc (Nomad and Joint Broker) Derrick Lee, Adam Rae (Corporate Finance)	+ 44 (0)20 7397 8900
Peel Hunt (Joint Broker) Richard Crichton, David McKeown	[phone]
Celicourt Communications  (Financial PR) Mark Antelme, Jimmy Lea	[phone]

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)	Price(s) Volume(s) £nil 2,788,104
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)	Price(s) Volume(s) £nil 5,111,254
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)	Price(s) Volume(s) £nil 4,182,156
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)	Price(s) Volume(s) £nil 4,182,156
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)	Price(s) Volume(s) £nil 319,828
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)	Price(s) Volume(s) £nil 177,777
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)	Price(s) Volume(s) £nil 111,111
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)	Price(s) Volume(s) £nil 71,428
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.

 

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