CHARIOT LIMITED

Board/Management Information • Jan 20, 2022

National Storage Mechanism | Additional information

RNS Number : 1388Z

Chariot Limited

20 January 2022

20 January 2022

Chariot Limited 

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

Retirement of Non-Executive Director

Chariot (AIM: CHAR), the Africa focused transitional energy company, announces that Robert Sinclair, a Non-Executive Director who has been on the Board of Chariot for over 14 years, will retire with immediate affect due to health reasons.

George Canjar, Non-Executive Chairman, commented:

"I would like to thank Robert for the considerable contribution he has made to Chariot during his years of service. He leaves the Company in a strong position, on the back of our highly successful drilling campaign at the Anchois gas project within the Lixus licence, offshore Morocco. On behalf of the Chariot team, we wish him all the best for the future."

Adonis Pouroulis, Acting CEO of Chariot, commented:

"Having worked with Robert at Chariot for many years, I am sad to be announcing his retirement today. He has added a considerable amount of value to the Board since joining the Company and he leaves us on a high, following our discoveries on the Lixus Licence earlier this month. It has been an absolute pleasure to work with Robert over the years and I hope to see him enjoy his retirement."

For further information please contact:

Chariot Limited Adonis Pouroulis, Acting CEO Julian Maurice-Williams, CFO	+44 (0)20 7318 0450
finnCap (Nominated Adviser and Joint Broker) Christopher Raggett, Simon Hicks, Edward Whiley	+44 (0)20 7220 0500
Peel Hunt (Joint Broker) Richard Crichton, David McKeown	+44 (0)20 7418 8900
Celicourt Communications (Financial PR) Mark Antelme, Jimmy Lea	+44 (0)20 8434 2754

NOTES FOR EDITORS:

About Chariot

Chariot is an African focused transitional energy group with two business streams, Transitional Gas and Power.

Chariot Transitional Gas is 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. 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. Additionally in September 2021, Chariot announced its partnership 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'. 

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