TIDMCHAR

RNS Number : 0798I

Chariot Limited

02 August 2023

2 August 2023

Chariot Limited

("Chariot", the "Company")

Result of General Meeting and Total Voting Rights

Chariot (AIM: CHAR), the Africa focused transitional energy company, announces that at the General Meeting of the Company held earlier today all resolutions were duly passed.

The Company is pleased to confirm that as a result of obtaining shareholder approval for the Fundraising, which comprised an oversubscribed Placing and Subscription and an oversubscribed Open Offer, Chariot has raised a total of US$19.1 million (GBP14.8 million) through the issue of 106,246,564 New Ordinary Shares. The net proceeds of the Fundraising will be used for:

   --      near term onshore drilling and development planning on the Loukos Onshore Licence, and 
   --      new ventures and working capital.

Total Voting Rights

The Company has applied for admission of the New Ordinary Shares pursuant to the Fundraising to trading on AIM. Admission will occur at 8.00 a.m. on 3 August 2023. On Admission, the Company will have 1,069,941,027 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.

Capitalised terms in this announcement shall have the same meaning as in the announcement made by the Company on 10 July 2023 unless the context requires otherwise.

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.

Enquiries:

 
 Chariot Limited 
  Adonis Pouroulis, CEO 
  Julian Maurice-Williams, CFO                             +44 (0)20 7318 0450 
 
   Cenkos Securities Plc (Nomad and Joint Bookrunner) 
   Derrick Lee, Adam Rae (Corporate Finance)               +44 (0)20 7397 8900 
   Leif Powis (ECM) 
 
   Stifel Nicolaus Europe Ltd (Joint Bookrunner) 
   Callum Stewart, Jason Grossman, Ashton Clanfield        +44 (0) 20 7710 7760 
 
   Celicourt Communications (Financial PR) 
   Mark Antelme, Jimmy Lea                                 +44 (0)20 7770 6424

NOTES FOR EDITORS:

About Chariot

Chariot is an African 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 AIM under the symbol 'CHAR'.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMFLFIITTIFIIV

(END) Dow Jones Newswires

August 02, 2023 06:15 ET (10:15 GMT)

Chariot (LSE:CHAR)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Chariot Charts.
Chariot (LSE:CHAR)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Chariot Charts.