CHARIOT LIMITED

Remuneration Information • Aug 2, 2021

National Storage Mechanism | Additional information

RNS Number : 2412H

Chariot Limited

02 August 2021

2 August 2021

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 Executive Directors through an appropriate mix of cash and share awards, thus 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 were achieved during the preceding 12 months.

As a result, under the Executives' Bonus Scheme, the following Executive Directors were granted deferred bonus share awards in the form of nil cost options over ordinary shares ("Ordinary Shares") on 2 August 2021 under the Company's Long Term Incentive Share Scheme. Subject to continued employment, these share awards will vest evenly over the next three years on 30 June 2022, 2023 and 2024 and will remain exercisable until 1 August 2031.

Executive Director	Position	Number of Shares Awarded
Adonis Pouroulis	Acting Chief Executive Officer	7,837,209
Julian Maurice-Williams	Chief Financial Officer	3,501,938
Duncan Wallace	Technical Director	3,501,938

Restricted Share Unit Plan

In recognition of the Non-Executive Directors forfeiting 50% of their cash fees over the preceding year, the following were granted share awards on 2 August 2021 under the Company's Non-Executive Directors' Restricted Share Unit Plan. Subject to continuing office, these share awards will vest in three equal instalments on 30 June 2022, 2023 and 2024 and will remain exercisable until 1 August 2031.

Non-Executive Director	Position	Number of Shares Awarded
George Canjar	Non-Executive Chairman	1,851,852
Robert Sinclair	Non-Executive Director	833,333
Chris Zeal	Non-Executive Director	833,333
Andrew Hockey	Non-Executive Director	833,333

Matching Awards

In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan on 2 August 2021, the following Non-Executive Directors, who subscribed for shares on 28 June 2021 were granted a matching share award. Subject to continuing office and retention of the shares, these share awards will vest in three equal instalments on 29 June 2022, 2023 and 2024 and will remain exercisable until 1 August 2031.

Non-Executive Director	Position	Number of Shares Awarded
George Canjar	Non-Executive Chairman	1,290,703
Chris Zeal	Non-Executive Director	90,909
Andrew Hockey	Non-Executive Director	181,818

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.

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 Africa focused transitional energy group with two business streams, Transitional Gas and Transitional 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, is looking to transform the energy market for mining operations in Africa, providing a giant largely untapped market with cleaner, sustainable, and more reliable power.

The Ordinary Shares of Chariot Limited are admitted to trading on the AIM 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, as retained in the UK pursuant to S3 of the European Union (Withdrawal) Act 2018.

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Adonis Pouroulis

2.  

Reason for the Notification

a)

Position/status

Acting 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 2022, 2023 and 2024 and will remain exercisable until 1 August 2031.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	7,837,209

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

2 August 2021

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 2022, 2023 and 2024 and will remain exercisable until 1 August 2031.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	3,501,938

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

2 August 2021

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 2022, 2023 and 2024 and will remain exercisable until 1 August 2031.

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	3,501,938

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

2 August 2021

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

Non-Executive 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 2022, 2023 and 2024 and will remain exercisable until 1 August 2031

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	1,851,852

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

2 August 2021

f)

Place of the transaction

Outside a trading venue.

1.  

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Robert Sinclair

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 30 June 2022, 2023 and 2024 and will remain exercisable until 1 August 2031

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	833,333

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

2 August 2021

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 30 June 2022, 2023 and 2024 and will remain exercisable until 1 August 2031

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	833,333

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

2 August 2021

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 30 June 2022, 2023 and 2024 and will remain exercisable until 1 August 2031

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	833,333

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

2 August 2021

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

Non-Executive 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 29 June 2022, 2023 and 2024 and will remain exercisable until 1 August 2031

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	1,290,703

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

2 August 2021

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 29 June 2022, 2023 and 2024 and will remain exercisable until 1 August 2031

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	90,909

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

2 August 2021

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 29 June 2022, 2023 and 2024 and will remain exercisable until 1 August 2031

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£nil	181,818

d)

Aggregated information:

·      Aggregated volume

·      Price

Not applicable, single transaction.

e)

Date of the transaction

2 August 2021

f)

Place of the transaction

Outside a trading venue.

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