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13 April 2017
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Grant of Deferred Share Awards
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In line with best practice corporate governance for AIM companies, Chariot aims to remunerate its Executive Team by 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 are achieved during the relevant financial year.
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As a result, under the 2016 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 13 April 2017 under the Company's Long Term Incentive Share Scheme. Subject to continued employment, these share awards will vest on 1 January 2020 and will remain exercisable until 12 April 2027.
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PDMR |
Position |
Number of Shares Awarded |
|
Larry Bottomley |
Chief Executive Officer |
1,825,000 |
|
Julian Maurice-Williams |
Chief Financial Officer |
625,000 |
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The number of shares subject to each deferred bonus share award was calculated based on the average share price during 2016.
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This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
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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 |
+44 (0)20 7220 0500 |
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Peel Hunt (Joint Broker) Richard Crichton, Ross Allister |
+44 (0)20 7418 8900 � |
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EMC2 Advisory (Media Contact) Natalia Erikssen |
+44 (0)78 0944 0929 |
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About Chariot
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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.
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Larry Bottomley |
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2. |
Reason for the Notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification/Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Chariot Oil & Gas Limited |
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b) |
LEI |
21380046DOGKITYU6X54 |
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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 |
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a) |
Description of the Financial instrument, type of instrument |
Option over Ordinary Shares. |
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Identification code |
ISIN for Chariot Oil & Gas Limited Ordinary Shares: GG00B2R9PM06 |
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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 2020 and will remain exercisable until 12 April 2027. |
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c) |
Price(s) and volume(s) |
|
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d) |
Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. |
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e) |
Date of the transaction |
13 April 2017 |
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f) |
Place of the transaction |
Outside a trading venue. |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Julian Maurice-Williams |
||||
|
2. |
Reason for the Notification |
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|
a) |
Position/status |
Chief Financial Officer |
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b) |
Initial notification/Amendment |
Initial notification |
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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 Financial instrument, type of instrument |
Option over Ordinary Shares. |
||||
|
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 2020 and will remain exercisable until 12 April 2027. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. |
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e) |
Date of the transaction |
13 April 2017 |
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f) |
Place of the transaction |
Outside a trading venue. |
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