CHARIOT LIMITED

Declaration of Voting Results & Voting Rights Announcements • Apr 13, 2017

National Storage Mechanism | Additional information

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RNS Number : 3899C

Chariot Oil & Gas Ld

13 April 2017

13 April 2017

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 remunerate its Executive Team by aligning their interests with those of its Shareholders. With this purpose the Annual Executives' 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 are achieved during the relevant financial year.

As a result, under the 2016 Executives' Bonus Scheme, the following Persons Discharging Managerial Responsibilities ("PDMR") were granted deferred bonus share awards in the form of nil cost options over Ordinary Shares on 13 April 2017 under the Company's Long Term Incentive Share Scheme. Subject to continued employment, these share awards will vest on 1 January 2020 and will remain exercisable until 12 April 2027.

PDMR	Position	Number of Shares Awarded
Larry Bottomley	Chief Executive Officer	1,825,000
Julian Maurice-Williams	Chief Financial Officer	625,000

The number of shares subject to each deferred bonus share award was calculated based on the average share price during 2016.

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact: Chariot Oil & Gas Limited Larry Bottomley, CEO	+44 (0)20 7318 0450
finnCap (Nominated Adviser and Joint Broker) Matt Goode, Christopher Raggett	+44 (0)20 7220 0500
Peel Hunt (Joint Broker) Richard Crichton, Ross Allister	+44 (0)20 7418 8900
EMC2 Advisory (Media Contact) Natalia Erikssen	+44 (0)78 0944 0929

About Chariot

Chariot Oil & Gas Limited is an independent oil and gas exploration group. It holds licences covering four blocks in Namibia, three 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'.

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Larry Bottomley

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 Oil & Gas 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

Option over Ordinary Shares.

Identification code

ISIN for Chariot Oil & Gas Limited Ordinary Shares: GG00B2R9PM06

b)

Nature of the transaction

Grant of option over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme this option will vest on 1 January 2020 and will remain exercisable until 12 April 2027.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	1,825,000

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

13 April 2017

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 Oil & Gas 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

Option over Ordinary Shares.

Identification code

ISIN for Chariot Oil & Gas Limited Ordinary Shares: GG00B2R9PM06

b)

Nature of the transaction

Grant of option over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme this option will vest on 1 January 2020 and will remain exercisable until 12 April 2027.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	625,000

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

13 April 2017

f)

Place of the transaction

Outside a trading venue.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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