21 May 2019
Chariot Oil & Gas Limited
("Chariot", the "Company" or the "Group")
Director's Dealings
On 20 May 2019 George Canjar, Non-Executive Chairman, purchased 450,000 ordinary shares in the Company ("Ordinary Shares") at a price of 5.20p per share. Following this purchase George Canjar holds 741,573 Ordinary Shares, representing 0.20% of the issued share capital of the Company.
In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan, George Canjar will receive a matching share award of 450,000 shares. These shares will vest in equal instalments over the next three years on 20 May 2020, 2021 and 2022 provided that George Canjar retains all of the shares purchased on 20 May 2019.
This announcement contains 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 Broker) Matt Goode, Christopher Raggett, Anthony Adams (Corporate Finance) Andrew Burdis (ECM)
| +44 (0)20 7220 0500 | ||
| Celicourt Communications (Financial PR) Jimmy Lea | +44 (0)207 520 9261 | ||
| | |
| |
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 | 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 of the Financial instrument, type of instrument | Ordinary Shares. | ||||
| Identification code | ISIN for Chariot Oil & Gas Limited Ordinary Shares: GG00B2R9PM06 | |||||
| b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
| e) | Date of the transaction | 20 May 2019 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
| 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 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 Non-Executive Directors' Restricted Share Unit Plan this option will vest in equal instalments over the next three years on 20 May 2020, 2021 and 2022 provided that George Canjar retains all of the shares purchased on 20 May 2019. | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. | ||||
| e) | Date of the transaction | 20 May 2019 | ||||
| f) | Place of the transaction | Outside a trading venue. | ||||