Exercise of Share Awards, TVR & Directors Dealings

Chariot Limited

21 October 2026

 

21 October 2026

Chariot Limited

("Chariot", the "Company")

Exercise of Share Awards, Total Voting Rights and Directors Dealings

Chariot Limited (AIM: CHAR), the Africa-focused energy company, announces that the Company will issue a total of 80,543,155 new ordinary shares ("New Ordinary Shares"), pursuant to the exercise by certain Directors and employees of nil cost options under the Company’s Long Term Incentive Share Scheme and Non-Executive Directors’ Restricted Share Unit Plan (“Share Schemes”).

Of the New Ordinary Shares, a proportion has been withheld and sold to an investor to meet the Company’s liability for Employers National Insurance, together with the individual’s Employees National Insurance and income tax liabilities. The New Ordinary Shares includes additional shares issued specifically to fund the Employers National Insurance liability in accordance with the rules of the Share Schemes.

Adonis Pouroulis, Andrew Hockey, Julian Maurice-Williams and Duncan Wallace will receive and retain their shares net of tax deductions, with details listed in the tables below.

The Company has applied for admission of the New Ordinary Shares to trading on AIM (“Admission”). Admission is expected to occur at 8.00 a.m. on 27 October 2026. Following Admission, the Company will have 3,026,036,063 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.

Enquiries:

Chariot Limited Adonis Pouroulis, CEO Julian Maurice-Williams, CFO [phone] Cavendish Capital Markets Limited (Nomad and Joint Broker) Derrick Lee, Hanna Leijonmarck [phone] Hannam & Partners (Joint Broker) Neil Passmore, Leif Powis [phone] Celicourt Communications (Financial PR) Mark Antelme, Kathleen Beams [phone]

NOTES FOR EDITORS:

About Chariot

Chariot is an Africa-focused energy group with two business streams: Upstream Oil and Gas and Renewable Power.

Chariot’s Upstream Oil and Gas pillar is focused on building out a full-value-chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures with a focus on production.

Chariot’s Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent. Chariot is also continuing to work across its green hydrogen assets in Mauritania.

As recently announced, Chariot is looking to realise the value of its renewables business in order to accelerate its upstream objectives.

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

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adonis Pouroulis
	Reason for the Notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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 to cover tax liabilities on exercised options. In accordance with the Company’s Non-Executive Director Restricted Share Unit Plan and Long Term Incentive Share Scheme these options will vest and be exercised immediately..
c)	Price(s) and volume(s)	Price Volume £Nil 6,513,595
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	Outside a trading venue

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adonis Pouroulis
	Reason for the Notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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	Ordinary Shares
	Identification code	ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b)	Nature of the transaction	Exercise of nil cost share options
c)	Price(s) and volume(s)	Price Volume £nil 23,144,975
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	Outside a trading venue

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adonis Pouroulis
	Reason for the Notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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	Ordinary Shares
	Identification code	ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price Volume Total £0.031 14,280,450 £442,693.95
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julian Maurice-Williams
	Reason for the Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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 to cover tax liabilities on exercised options. In accordance with the Company’s Long Term Incentive Share Scheme these options will vest and be exercised immediately.
c)	Price(s) and volume(s)	Price Volume £nil 5,388,197
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	Outside a trading venue

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julian Maurice-Williams
	Reason for the Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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	Ordinary Shares
	Identification code	ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b)	Nature of the transaction	Exercise of nil cost share options
c)	Price(s) and volume(s)	Price Volume £nil 19,038,308
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	Outside a trading venue

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julian Maurice-Williams
	Reason for the Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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	Ordinary Shares
	Identification code	ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price Volume Total £0.031 11,803,751 £365,916.28
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Duncan Wallace
	Reason for the Notification
a)	Position/status	Technical Director
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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 to cover tax liabilities on exercised options. In accordance with the Company’s Long Term Incentive Share Scheme these options will vest and be exercised immediately.
c)	Price(s) and volume(s)	Price Volume £nil 4,951,720
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	Outside a trading venue

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Duncan Wallace
	Reason for the Notification
a)	Position/status	Technical Director
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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	Ordinary Shares
	Identification code	ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b)	Nature of the transaction	Exercise of nil cost share options
c)	Price(s) and volume(s)	Price Volume £nil 17,496,088
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	Outside a trading venue

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Duncan Wallace
	Reason for the Notification
a)	Position/status	Technical Director
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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	Ordinary Shares
	Identification code	ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price Volume Total £0.031 10,847,575 £336,274.83
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Hockey
	Reason for the Notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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 to cover tax liabilities on exercised options. In accordance with the Company’s Non-Executive Directors’ Restricted Share Unit Plan these options will vest and be exercised immediately.
c)	Price(s) and volume(s)	Price Volume £nil 500,208
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	Outside a trading venue

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Hockey
	Reason for the Notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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	Ordinary Shares
	Identification code	ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b)	Nature of the transaction	Exercise of nil cost share options
c)	Price(s) and volume(s)	Price Volume £nil 1,822,117
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	Outside a trading venue

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Hockey
	Reason for the Notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/Amendment	Initial notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Chariot Limited
b)	LEI	21380046DOGKITYU6X54
	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	Ordinary Shares
	Identification code	ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price Volume Total £0.031 1,109,670 £34,399.77
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	21 October 2026
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

END