CHARIOT LIMITED

Remuneration Information • Dec 19, 2023

National Storage Mechanism | Additional information

RNS Number : 3516X

Chariot Limited

19 December 2023

19 December 2023

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 period.

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 19 December 2023. Subject to continuing office, these share awards will vest evenly over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033.

Directors	Position	Number of Shares Awarded
George Canjar	Chairman	427,723
Adonis Pouroulis	Chief Executive Officer	977,654
Julian Maurice-Williams	Chief Financial Officer	733,240
Duncan Wallace	Technical Director	733,240

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	+44 (0)20 7318 0450
Cavendish Capital Markets Plc (Nomad and Joint Broker) Derrick Lee, Adam Rae	+44 (0)131 220 9778
Stifel Nicolaus Europe Limited (Joint Broker) Callum Stewart, Ashton Clanfield	+44 (0) 20 7710 7760
Celicourt Communications (Financial PR) Mark Antelme, Jimmy Lea	+44 (0) 20 7770 6424

NOTES FOR EDITORS:

About Chariot

Chariot is an Africa focused transitional energy group with three business streams, Transitional Gas, Transitional Power and Green Hydrogen.

Chariot Transitional Gas is focused on high value, low risk gas development projects in Morocco, a fast-growing emerging economy, with a clear route to early monetisation, delivery of free cashflow and material exploration upside.

Chariot Transitional Power is focused on providing competitive, sustainable and reliable energy and water solutions across the continent through building, generating and trading renewable power.

Chariot Green Hydrogen is partnering with TEH2 (80% owned by TotalEnergies, 20% by the EREN Group) and the Government of Mauritania on the potential development of a 10GW green hydrogen project, Project Nour in Mauritania, and are progressing pilot projects in Morocco.

The ordinary shares of Chariot Limited are admitted to trading on the AIM under the symbol 'CHAR'. 

https://chariotenergygroup.com

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 2024, 2025 and 2026 and will remain exercisable until 18 December 2033.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	427,723

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

19 December 2023

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 2024, 2025 and 2026 and will remain exercisable until 18 December 2033.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	977,654

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

19 December 2023

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 2024, 2025 and 2026 and will remain exercisable until 18 December 2033.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	733,240

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

19 December 2023

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 2024, 2025 and 2026 and will remain exercisable until 18 December 2033.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	733,240

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

19 December 2023

f)

Place of the transaction

Outside a trading venue.

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