Chariot Oil & Gas Ld Grant of Deferred Share Awards (1848E)

TIDMCHAR

RNS Number : 1848E

Chariot Oil & Gas Ld

02 July 2019

2 July 2019

Chariot Oil & Gas Limited

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

Grant of Deferred Share Awards

In line with best practice corporate governance for AIM companies, Chariot aims to remunerate its Executive Team through an appropriate mix of cash and share awards, thus aligning their interests with those of its Shareholders. With this purpose the Annual Executives' Bonus Scheme looks to reward the achievement of pre-defined corporate performance targets through the grant of deferred bonus share awards based on the extent to which these targets were achieved during 2018.

As a result, under the 2018 Executives' Bonus Scheme, the following Persons Discharging Managerial Responsibilities ("PDMR") were granted deferred bonus share awards in the form of nil cost options over Ordinary Shares on 2 July 2019 under the Company's Long Term Incentive Share Scheme. Subject to continued employment, these share awards will vest on 1 January 2022 and will remain exercisable until 1 July 2029.

 
 PDMR                       Position           Number of Shares Awarded 
                            Chief Executive 
 Larry Bottomley             Officer                   638,750 
                            Chief Financial 
 Julian Maurice-Williams     Officer                   306,250 
 

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                                   [phone] 
 finnCap (Nominated Adviser and Broker) 
  Matt Goode, Christopher Raggett, Anthony Adams 
  (Corporate Finance) Andrew Burdis (ECM)              [phone] 
 Celicourt Communications (Financial PR) 
  Jimmy Lea                                            [phone] 
 
 
 

NOTES TO EDITORS

ABOUT CHARIOT

Chariot Oil & Gas Limited is an independent oil and gas company focused on the Atlantic margins. It holds exploration licences covering two blocks in Namibia, three blocks in Morocco and four blocks in the Barreirinhas Basin offshore Brazil.

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 the               Option over Ordinary Shares. 
       Financial instrument, 
       type of instrument 
      Identification code              ISIN for Chariot Oil & Gas Limited 
                                        Ordinary Shares: GG00B2R9PM06 
     -------------------------------  ----------------------------------------- 
 b)   Nature of the transaction        Grant of option over Ordinary Shares. 
                                        In accordance with the Company's Long 
                                        Term Incentive Share Scheme this option 
                                        will vest on 1 January 2022 and will 
                                        remain exercisable until 1 July 2029. 
     -------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s) 
                                          Price(s)    Volume(s) 
                                          GBPnil      638,750 
                                                     ---------- 
     -------------------------------  ----------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           Not applicable, single transaction. 
 
 
        *    Price 
     -------------------------------  ----------------------------------------- 
 e)   Date of the transaction          2 July 2019 
     -------------------------------  ----------------------------------------- 
 f)   Place of the transaction         Outside a trading venue. 
     -------------------------------  ----------------------------------------- 
 
 
        Details of the person discharging managerial responsibilities 
         / person closely associated 
 
   1. 
 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 of the               Option over Ordinary Shares. 
         Financial instrument, 
         type of instrument 
        Identification code              ISIN for Chariot Oil & Gas Limited 
                                          Ordinary Shares: GG00B2R9PM06 
       -------------------------------  -------------------------------------- 
 b)     Nature of the transaction        Grant of option over Ordinary Shares. 
                                          In accordance with the Company's 
                                          Long Term Incentive Share Scheme 
                                          this option will vest on 1 January 
                                          2022 and will remain exercisable 
                                          until 1 July 2029. 
       -------------------------------  -------------------------------------- 
 c)     Price(s) and volume(s) 
                                            Price(s)    Volume(s) 
                                            GBPnil      306,250 
                                                       ---------- 
       -------------------------------  -------------------------------------- 
 d)     Aggregated information: 
          *    Aggregated volume           Not applicable, single transaction. 
 
 
          *    Price 
       -------------------------------  -------------------------------------- 
 e)     Date of the transaction          2 July 2019 
       -------------------------------  -------------------------------------- 
 f)     Place of the transaction         Outside a trading venue. 
       -------------------------------  -------------------------------------- 
 

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 [e-mail] or visit www.rns.com.

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July 02, 2019 10:07 ET (14:07 GMT)