Chariot Oil & Gas Ld Grant of Deferred Share Awards (3899C)
13 April 2017 - 7:00PM
UK Regulatory
TIDMCHAR
RNS Number : 3899C
Chariot Oil & Gas Ld
13 April 2017
13 April 2017
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Grant of Deferred Share Awards
In line with best practice corporate governance for AIM
companies, Chariot aims to remunerate its Executive Team by
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 are achieved during the relevant financial
year.
As a result, under the 2016 Executives' Bonus Scheme, the
following Persons Discharging Managerial Responsibilities ("PDMR")
were granted deferred bonus share awards in the form of nil cost
options over Ordinary Shares on 13 April 2017 under the Company's
Long Term Incentive Share Scheme. Subject to continued employment,
these share awards will vest on 1 January 2020 and will remain
exercisable until 12 April 2027.
PDMR Position Number of Shares
Awarded
Chief Executive
Larry Bottomley Officer 1,825,000
Chief Financial
Julian Maurice-Williams Officer 625,000
The number of shares subject to each deferred bonus share award
was calculated based on the average share price during 2016.
This announcement is inside information for the purposes of
Article 7 of Regulation 596/2014.
For further information please
contact:
Chariot Oil & Gas Limited
Larry Bottomley, CEO +44 (0)20 7318 0450
finnCap (Nominated Adviser
and Joint Broker)
Matt Goode, Christopher Raggett +44 (0)20 7220 0500
Peel Hunt (Joint Broker)
Richard Crichton, Ross Allister +44 (0)20 7418 8900
EMC(2) Advisory (Media Contact)
Natalia Erikssen +44 (0)78 0944 0929
About Chariot
Chariot Oil & Gas Limited is an independent oil and gas
exploration group. It holds licences covering four blocks in
Namibia, three blocks in Morocco and four licences in the
Barreirinhas Basin offshore Brazil. All of these blocks are
currently in the exploration phase.
The ordinary shares of Chariot Oil & Gas Limited are
admitted to trading on the AIM Market of the London Stock Exchange
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.
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------------
a) Name Larry Bottomley
--- ------------------------------- ---------------------------------------
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 Oil & Gas 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 Option over Ordinary Shares.
the Financial
instrument, type
of instrument
---
Identification ISIN for Chariot Oil & Gas
code Limited Ordinary Shares: GG00B2R9PM06
--- ------------------------------- ---------------------------------------
b) Nature of the Grant of option over Ordinary
transaction Shares. In accordance with
the Company's Long Term Incentive
Share Scheme this option will
vest on 1 January 2020 and
will remain exercisable until
12 April 2027.
--- ------------------------------- ---------------------------------------
c) Price(s) and
volume(s) Price(s) Volume(s)
---------- ----------
GBPnil 1,825,000
---------- ----------
--- ------------------------------- ---------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
--- ------------------------------- ---------------------------------------
e) Date of the transaction 13 April 2017
--- ------------------------------- ---------------------------------------
f) Place of the Outside a trading venue.
transaction
--- ------------------------------- ---------------------------------------
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 Oil & Gas 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 Option over Ordinary Shares.
of the Financial
instrument,
type of instrument
---
Identification ISIN for Chariot Oil & Gas
code Limited Ordinary Shares:
GG00B2R9PM06
--- ------------------------------- --------------------------------------
b) Nature of the Grant of option over Ordinary
transaction Shares. In accordance with
the Company's Long Term Incentive
Share Scheme this option
will vest on 1 January 2020
and will remain exercisable
until 12 April 2027.
--- ------------------------------- --------------------------------------
c) Price(s) and
volume(s) Price(s) Volume(s)
---------- ----------
GBPnil 625,000
---------- ----------
--- ------------------------------- --------------------------------------
d) Aggregated information:
* Aggregated volume Not applicable, single transaction.
* Price
--- ------------------------------- --------------------------------------
e) Date of the 13 April 2017
transaction
--- ------------------------------- --------------------------------------
f) Place of the Outside a trading venue.
transaction
--- ------------------------------- --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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