Chariot Oil & Gas Ld Block Admission Application and Return (8204P)

TIDMCHAR

RNS Number : 8204P

Chariot Oil & Gas Ld

01 June 2018

1 June 2018

Chariot Oil & Gas Limited

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

Block Admission Application and Return

The Company announces that application has been made for the Block Admission of 4,000,000 ordinary shares of 1p each in the capital of the Company ("New Ordinary Shares" and "Ordinary Shares"), ranking pari passu with the Company's existing Ordinary Shares. These New Ordinary Shares may be issued from time to time pursuant to the Company's Long Term Incentive Share Scheme.

It is expected that admission will become effective in the New Ordinary Shares on 6 June 2018 ("Admission").

The Company makes the following notification pursuant to Schedule Six of the AIM Rules for Companies regarding its existing block admission arrangements:

 
 Name of Company                  Chariot Oil & Gas Limited 
-------------------------------  --------------------------- 
 Name of Scheme                   Long Term Incentive Share 
                                   Scheme 
-------------------------------  --------------------------- 
 Period of Return (from/          1 December 2017 - 31 May 
  to)                              2018 
-------------------------------  --------------------------- 
 Number and class of securities   275,195 Ordinary Shares 
  not issued at the start          of 1p each 
  of the period under the 
  scheme 
-------------------------------  --------------------------- 
 Number of securities issued      Nil Ordinary Shares of 1p 
  under the scheme during          each 
  the period 
-------------------------------  --------------------------- 
 Balance under the scheme         275,195 Ordinary Shares 
  of securities not yet issued     of 1p each 
  at the end of the period 
-------------------------------  --------------------------- 
 Number and class of securities   2,000,000 Ordinary Shares 
  originally admitted and          of 1p each admitted on 30 
  the date of admission            December 2010 
                                   2,300,000 Ordinary Shares 
                                   of 1p each admitted on 2 
                                   October 2013 
                                   3,000,000 Ordinary Shares 
                                   of 1p each admitted on 10 
                                   October 2014 
                                   4,000,000 Ordinary Shares 
                                   of 1p each admitted on 31 
                                   May 2016 
-------------------------------  --------------------------- 
 

As at 31 May 2018 the Company has an issued share capital of 365,367,898 Ordinary Shares each with voting rights. The Company does not hold any shares in treasury.

 
 
   For further information 
   please contact: 
 
   Chariot Oil & Gas Limited 
   Larry Bottomley, CEO            [phone] 
 finnCap (Nominated Adviser 
  and Joint Broker) 
  Matt Goode, Christopher 
  Raggett (Corporate Finance) 
  Emily Morris (Corporate 
  Broking)                       [phone] 
 Celicourt Communications 
  (Financial PR) 
  Henry Lerwill                  [phone] 
 
 

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June 01, 2018 10:00 ET (14:00 GMT)