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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Chariot Limited | LSE:CHAR | London | Ordinary Share | GG00B2R9PM06 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.39 | -4.27% | 8.75 | 8.75 | 8.84 | 8.98 | 8.66 | 8.98 | 2,106,187 | 16:29:40 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | -14.88M | -0.0154 | -5.68 | 84.32M |
From Apr 2019 to Apr 2024
TIDMCHAR
RNS Number : 1400N
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 have 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 [ ] 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 [ ] August 2027.
Hot Features
Premium
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 [ ] 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 [ ] 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 [
] 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 [ ] 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 [ ] 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 [ ] 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 [ ] 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 [ ] 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 [ ] 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 [ ] 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 [ ] 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 [ ] 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
DSHUSOWRBVAWRRR
(END) Dow Jones Newswires
August 04, 2017 09:00 ET (13:00 GMT)
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