Chariot Limited Result of General Meeting and Total Voting Rights (4920O)
June 10 2022 - 6:30AM
UK Regulatory
TIDMCHAR
RNS Number : 4920O
Chariot Limited
10 June 2022
10 June 2022
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$29.5 million (GBP23.6
million). The net proceeds of the Fundraising will be used to:
-- advance the engineering and design of the Anchois Gas
Development, including FEED project, project financing, gas sales
and updated reserves report, to reach FID:
-- progress renewable power pipeline, strategic partnering and new venture opportunities; and
-- provide the Company with additional 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 Monday, 13 June 2022. On Admission, the Company
will have 958,002,421 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 18 May 2022
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, Acting CEO +44 (0)20 7318
Julian Maurice-Williams, CFO 0450
Cenkos Securities Plc (Nomad and Joint Broker)
Derrick Lee, Adam Rae (Corporate Finance) +44 (0)20 7397
Leif Powis (ECM) 8900
Peel Hunt LLP (Joint Broker) +44 (0) 20 7894
Richard Crichton, David McKeown 7000
Celicourt Communications (Financial PR) +44 (0)20 8434
Mark Antelme, Jimmy Lea 2754
NOTES FOR EDITORS:
About Chariot
Chariot is an African focussed transitional energy group with
two business streams, Transitional Gas and Transitional Power.
Chariot Transitional Gas is a high value, low risk gas
development project offshore Morocco with strong ESG credentials in
a fast-growing emerging economy with a clear route to early
monetisation, delivery of free cashflow and material exploration
upside. Chariot Transitional Power, looking to transform the energy
market for mining operations in Africa, providing a giant largely
untapped market with cleaner, sustainable, and more reliable power.
Chariot is also partnering with the Government of Mauritania on the
potential development of a 10GW green hydrogen project, Project
Nour.
The ordinary shares of Chariot Limited are admitted to trading
on the AIM under the symbol 'CHAR'.
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END
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