Grant of Deferred Share Awards

Chariot Limited

02 October 2026

 

2 October 2026

Chariot Limited

("Chariot", the "Company")

Grant of Deferred Share Awards and Amendment of Historic Awards

In line with best practice corporate governance for AIM companies, Chariot remunerates its Directors through an appropriate mix of cash and share awards, aligning their interests with those of shareholders. The Executive Directors have delivered a number of material milestones across the business, including two material transactions providing economic exposure to producing oil interests in Angola, and significant financing and commercial progress in Renewable Power, as part of a strategic repositioning of the company to focus on value from upstream oil & gas.

Reflecting the extent to which pre-defined corporate objectives were achieved during the performance period for the year to 30 June 2026, the following Directors were granted deferred share awards in the form of nil cost options over ordinary shares (“Ordinary Shares”) on 2 October 2026 under the Company's Long Term Incentive Share Scheme. These share awards will vest in three equal instalments on 30 June 2027, 2028 and 2029 and will remain exercisable until 2 October 2036.

Directors	Position	Number of Shares Awarded
Adonis Pouroulis	Chief Executive Officer	20,253,165
Julian Maurice-Williams	Chief Financial Officer	15,189,873
Duncan Wallace	Technical Director	11,392,405

Salary reduction awards

Since 1 October 2024, the Directors have accepted a reduction in cash basic remuneration as part of the Company's ongoing focus on capital discipline and preservation of cash. In recognition of the cash remuneration foregone, the Board has approved additional nil cost share awards on 2 October 2026 equivalent to the value of that remuneration foregone which will vest on 30 June 2027.

Directors	Position	Number of Shares Awarded
Andrew Hockey	Non-Executive Chairman	2,581,0861
Chris Zeal	Non-Executive Director	1,548,6511
Adonis Pouroulis	Chief Executive Officer	10,324,3432
Julian Maurice-Williams	Chief Financial Officer	7,743,2572
Duncan Wallace	Technical Director	7,743,2572

1 Granted under the Non-Executive Directors’ Restricted Share Unit Plan

2 Granted under the Long Term Incentive Share Scheme

Matching awards

In accordance with the Company’s Non-Executive Directors’ Restricted Share Unit Plan on 2 October 2026, Chairman Andrew Hockey was granted 714,285 matching share awards over Ordinary Shares in the Company. The awards were granted to match the purchase of shares made by Andrew Hockey on 12 March 2026. The matching awards are conditional on retention of such purchased shares until the awards vest. The matching share awards will vest in three equal instalments on 12 March 2027, 12 March 2028 and 12 March 2029.

Historic share awards amended

Certain historic share awards held by certain Directors have either expired or are due to expire during 2026 without having been exercised. In recognition of their long-standing commitment to the Company, and having not exercised previously vested awards, where all conditions have been met, the Board has approved an extension to the exercise period of the relevant awards to 2 October 2029. To the extent any such awards have already expired under the plans, equivalent replacement awards have been granted on the same basis and with the same extended expiry period. The effect on the number of shares subject to awards held by the Directors is net neutral (i.e. the same number of shares will be outstanding under all share awards held by the Directors).

Directors	Position	Number of Shares Awards
Adonis Pouroulis	Chief Executive Officer	72,4633
Julian Maurice-Williams	Chief Financial Officer	1,302,6914
Duncan Wallace	Technical Director	637,5004

3 Granted under the Non-Executive Directors’ Restricted Share Unit Plan, whilst Adonis Pouroulis was a Non-Executive Director

4 Granted under the Long Term Incentive Share Scheme

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:

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. In accordance with the Company’s Long Term Incentive Share Scheme these options will vest evenly on 30 June 2027, 2028 and 2029 and will remain exercisable until 2 October 2036.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 20,253,165
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	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 on 30 June 2027, 2028 and 2029 and will remain exercisable until 2 October 2036.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 15,189,873
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	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 on 30 June 2027, 2028 and 2029 and will remain exercisable until 2 October 2036.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 11,392,405
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	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 on 30 June 2027 and will remain exercisable until 2 October 2036.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 2,581,086
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 October 2026
f)	Place of the transaction	Outside a trading venue.

	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Chris Zeal
	Reason for the Notification
a)	Position/status	Non-Executive 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. In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan these options will vest on 30 June 2027 and will remain exercisable until 2 October 2036.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 1,548,651
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	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 on 30 June 2027 and will remain exercisable until 2 October 2036.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 10,342,343
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	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 on 30 June 2027 and will remain exercisable until 2 October 2036.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 7,743,257
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	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 on 30 June 2027 and will remain exercisable until 2 October 2036.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 7,743,257
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	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 evenly on 12 March 2027, 2028 and 2029 and will remain exercisable until 2 October 2036.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 714,285
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	Options over Ordinary Shares.
	Identification code	ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b)	Nature of the transaction	Extension of expiry period of options over Ordinary Shares under the Company's Non-Executive Directors' Restricted Share Unit Plan to remain exercisable until 2 October 2029.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 72,463
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	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 immediately and will remain exercisable until 2 October 2029.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 433,125
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	Options over Ordinary Shares.
	Identification code	ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06
b)	Nature of the transaction	Extension of expiry period of options over Ordinary Shares under Long Term Incentive Plan to remain exercisable until 2 October 2029.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 869,566
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 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	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 immediately and will remain exercisable until 2 October 2029.
c)	Price(s) and volume(s)	Price(s) Volume(s) £nil 637,500
d)	Aggregated information: Aggregated volume Price	Not applicable, single transaction.
e)	Date of the transaction	2 October 2026
f)	Place of the transaction	Outside a trading venue.

 

END