Share Name Share Symbol Market Type
Chariot Oil & Gas Ord GBP0.01 NEX:CHAR.GB NEX Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 14.50p 13.50p 15.50p - - - 0 08:00:05

Chariot Oil & Gas Ld Grant of Share Awards

04/08/2017 2:36pm

UK Regulatory (RNS & others)


Chariot Oil & Gas Ord GBP0.01 (NEX:CHAR.GB)
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TIDMCHAR

RNS Number : 1885N

Chariot Oil & Gas Ld

04 August 2017

4 August 2017

Chariot Oil & Gas Limited

("Chariot", the "Company" or the "Group")

Board Remuneration and Grant of Share Awards

Board Remuneration

In line with best practice corporate governance for AIM companies, Chariot sets its remuneration to attract and retain a quality management team while continuing to apply strong capital discipline in line with its corporate strategy.

Following the announcement in May 2015 and given the ongoing focus on protecting the cash balance, Board members are continuing to forego 50% of their salary or fees.

Executive Share Awards

The Remuneration Committee has approved a retention mechanism for the Executive team who are critical to delivering the corporate strategy. As a result, the following Persons Discharging Managerial Responsibilities ("PDMR") were granted share awards in the form of nil cost options over Ordinary Shares on 4 August 2017 under the Company's Long Term Incentive Share Scheme. Subject to continued employment, these share awards will vest on 30 June 2020 and will remain exercisable until 3 August 2027.

 
 PDMR                       Position           Number of Shares 
                                                Awarded 
                            Chief Executive 
 Larry Bottomley             Officer              1,495,693 
                            Chief Financial 
 Julian Maurice-Williams     Officer               677,791 
 

Non-Executive Share Awards

In recognition of the Non-Executive Directors currently forfeiting 50% of their cash fees, the following PDMRs were granted share awards in the form of nil cost options over Ordinary Shares on 4 August 2017 under the Company's Non-Executive Directors' Restricted Share Unit Plan. Subject to continuing office, these share awards will vest in three equal instalments on 30 June 2018, 2019 and 2020 and will remain exercisable until 3 August 2027.

 
 PDMR                Position         Number of Shares 
                                       Awarded 
                     Non-Executive 
 George Canjar        Chairman            412,389 
                     Non-Executive 
 Adonis Pouroulis     Director            109,795 
                     Non-Executive 
 Robert Sinclair      Director            109,795 
 

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 
  (Corporate Finance) 
  Emily Morris (Corporate Broking)    +44 (0)20 7220 0500 
 Peel Hunt (Joint Broker) 
  Richard Crichton, Ross Allister     +44 (0)20 7418 8900 
 EMC(2) Advisory (PR/IR 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 30 June 2020 and will 
                                        remain exercisable until 3 
                                        August 2027. 
---  -------------------------------  --------------------------------------- 
 c)   Price(s) and 
       volume(s)                          Price(s)    Volume(s) 
                                         ----------  ---------- 
                                          GBPnil      1,495,693 
                                         ----------  ---------- 
---  -------------------------------  --------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           Not applicable, single transaction. 
 
 
        *    Price 
---  -------------------------------  --------------------------------------- 
 e)   Date of the transaction          4 August 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 30 June 2020 
                                        and will remain exercisable 
                                        until 3 August 2027. 
---  -------------------------------  -------------------------------------- 
 c)   Price(s) and 
       volume(s)                          Price(s)    Volume(s) 
                                         ----------  ---------- 
                                          GBPnil      677,791 
                                         ----------  ---------- 
---  -------------------------------  -------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           Not applicable, single transaction. 
 
 
        *    Price 
---  -------------------------------  -------------------------------------- 
 e)   Date of the                      4 August 2017 
       transaction 
---  -------------------------------  -------------------------------------- 
 f)   Place of the                     Outside a trading venue. 
       transaction 
---  -------------------------------  -------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------- 
 a)   Name                             George Canjar 
---  -------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
---  ----------------------------------------------------------------------- 
 a)   Position/status                  Non-Executive Chairman 
---  -------------------------------  -------------------------------------- 
 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 Non-Executive 
                                        Directors' Restricted Share 
                                        Unit Plan this option will 
                                        vest in three equal instalments 
                                        on 30 June 2018, 2019 and 
                                        2020 and will remain exercisable 
                                        until 3 August 2027. 
---  -------------------------------  -------------------------------------- 
 c)   Price(s) and 
       volume(s)                          Price(s)    Volume(s) 
                                         ----------  ---------- 
                                          GBPnil      412,389 
                                         ----------  ---------- 
---  -------------------------------  -------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           Not applicable, single transaction. 
 
 
        *    Price 
---  -------------------------------  -------------------------------------- 
 e)   Date of the                      4 August 2017 
       transaction 
---  -------------------------------  -------------------------------------- 
 f)   Place of the                     Outside a trading venue. 
       transaction 
---  -------------------------------  -------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------- 
 a)   Name                             Adonis Pouroulis 
---  -------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
---  ----------------------------------------------------------------------- 
 a)   Position/status                  Non-Executive Director 
---  -------------------------------  -------------------------------------- 
 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 Non-Executive 
                                        Directors' Restricted Share 
                                        Unit Plan this option will 
                                        vest in three equal instalments 
                                        on 30 June 2018, 2019 and 
                                        2020 and will remain exercisable 
                                        until 3 August 2027. 
---  -------------------------------  -------------------------------------- 
 c)   Price(s) and 
       volume(s)                          Price(s)    Volume(s) 
                                         ----------  ---------- 
                                          GBPnil      109,795 
                                         ----------  ---------- 
---  -------------------------------  -------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           Not applicable, single transaction. 
 
 
        *    Price 
---  -------------------------------  -------------------------------------- 
 e)   Date of the                      4 August 2017 
       transaction 
---  -------------------------------  -------------------------------------- 
 f)   Place of the                     Outside a trading venue. 
       transaction 
---  -------------------------------  -------------------------------------- 
 
 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------------- 
 a)   Name                             Robert Sinclair 
---  -------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
---  ----------------------------------------------------------------------- 
 a)   Position/status                  Non-Executive Director 
---  -------------------------------  -------------------------------------- 
 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 Non-Executive 
                                        Directors' Restricted Share 
                                        Unit Plan this option will 
                                        vest in three equal instalments 
                                        on 30 June 2018, 2019 and 
                                        2020 and will remain exercisable 
                                        until 3 August 2027. 
---  -------------------------------  -------------------------------------- 
 c)   Price(s) and 
       volume(s)                          Price(s)    Volume(s) 
                                         ----------  ---------- 
                                          GBPnil      109,795 
                                         ----------  ---------- 
---  -------------------------------  -------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           Not applicable, single transaction. 
 
 
        *    Price 
---  -------------------------------  -------------------------------------- 
 e)   Date of the                      4 August 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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August 04, 2017 09:36 ET (13:36 GMT)

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