Issue of Shares and Total Voting Rights

RNS Number : 1584W
Chariot Limited
13 April 2023
 

 

13 April 2023

 

Chariot Limited

("Chariot", the "Company")

 

Issue of Shares and Total Voting Rights

 

Chariot Limited (AIM: CHAR), the Africa focused transitional energy company confirms that pursuant to the announcement made on 23 March 2021 regarding the acquisition ofthe business of Africa Energy Management Platform ("AEMP"), which is now Chariot's Transitional Power business, contingent consideration is now payable which will be settled through the issue of 1,585,678 new ordinary shares in Chariot ("Consideration Shares").

 

Application has been made for the Consideration Shares to be admitted to trading on AIM ("Admission"), with Admission expected to occur on 17 April 2023.The Consideration Shares will rank pari passu with the Company's existing Ordinary Shares.

 

Upon Admission the Company will have 963,694,463 Ordinary Shares in issue and there are no shares held in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Under the terms of the original share purchase agreements, a maximum of 5,946,288 shares were payable as deferred and contingent consideration. Deferred consideration of 1,982,096 shares has now lapsed, and following the issue of the Consideration Shares there is a remaining balance of 2,378,514 contingent consideration shares for which conditions attached to issuance have been extended until 22 March 2024.

 

 

Enquiries

 

Chariot Limited

Adonis Pouroulis, CEO

Julian Maurice-Williams, CFO

+44 (0)20 7318 0450

 

 

Cenkos Securities Plc (Nomad and Joint Broker)

Derrick Lee, Adam Rae

 

 

+ 44 (0)20 7397 8900

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 8434 2754

 

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 a high value, low risk gas development project offshore Morocco 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 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 Total Eren and the Government of Mauritania on the potential development of a 10GW green hydrogen project, named Project Nour.

 

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

 

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