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Chariot Oil and Gas plc

Grant of Deferred Share Awards

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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

Larry Bottomley

Chief Executive Officer

638,750

Julian Maurice-Williams

Chief Financial 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

 

 

 

+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

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 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 2022 and will remain exercisable until 1 July 2029.

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£nil

638,750

d)

Aggregated information:

·      Aggregated volume

·      Price

 

Not applicable, single transaction.

e)

Date of the transaction

2 July 2019

f)

Place of the transaction

Outside a trading venue.

 



 

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 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 2022 and will remain exercisable until 1 July 2029.

c)

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

£nil

306,250

d)

Aggregated information:

·      Aggregated volume

·      Price

 

Not applicable, single transaction.

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 [email protected] or visit www.rns.com.
 
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Quick facts: Chariot Oil and Gas plc

Price: £0.04

Market: AIM
Market Cap: £13.5 m
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