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Chariot Limited announced on 12 March 2026 that four directors, Adonis Pouroulis, Julian Maurice-Williams, Duncan Wallace, and Andrew Hockey, were issued a combined total of 146,931,214 new Ordinary Shares at a price of £0.014 per share, as part of a fundraising. These directors also received 146,931,214 warrants, each exercisable at 2.4 pence and expiring on 9 April 2029. Following these transactions, Adonis Pouroulis's shareholding increased from 9.10% to 10.09% of the issued share capital.
| Date | 12 Mar 2026 |
| Time | 16:00:00 |
| Category | Director/PDMR dealings |
| ID | 4633W |
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
Chariot Limited
("Chariot", the "Company" or the "Group")
12 March 2026
Director Dealings
Chariot (AIM: CHAR), the African focused energy company, announces the issuance of new Ordinary Shares pursuant to the Fundraising announced on 19 February 2026 to the following Directors:
|
Name |
Number of Ordinary Shares prior to the Fundraising |
% of Issued Share Capital prior to the Fundraising |
Number of Ordinary Shares following the Fundraising |
% of Issued Share Capital following the Fundraising |
|
Adonis Pouroulis |
143,586,381 |
9.10% |
289,089,026 |
10.09% |
|
Julian Maurice-Williams |
1,432,084 |
0.09% |
1,789,226 |
0.06% |
|
Duncan Wallace |
2,246,008 |
0.14% |
2,603,150 |
0.09% |
|
Andrew Hockey |
747,528 |
0.05% |
1,460,989 |
0.05% |
In addition, Directors will receive one warrant for every new Ordinary Share issued pursuant to the fundraising ("Warrants"). Each Warrant shall entitle the relevant warrantholder to subscribe for one Ordinary Share at an exercise price of 2.4 pence and will expire on 9 April 2029, summarised as follows:
|
Name |
Number of Warrants granted pursuant to the fundraising |
|
Adonis Pouroulis |
132,275,132 |
|
Julian Maurice-Williams |
357,142 |
|
Duncan Wallace |
357,142 |
|
Andrew Hockey |
714,285 |
Capitalised terms in this announcement shall have the same meaning as in the announcement made by the Company on 19 February 2026 unless the context requires otherwise.
Enquiries:
|
Chariot Limited Adonis Pouroulis, CEO Julian Maurice-Williams, CFO |
+44 (0) 20 7318 0450
|
|
|
|
|
Cavendish Capital Markets Limited (Nomad) Derrick Lee |
+44 (0) 20 7397 8900
|
|
Hannam & Partners (Bookrunner) Neil Passmore, Leif Powis
|
+44 (0) 20 7907 8500
|
|
Celicourt Communications (Financial PR) Mark Antelme, Charles Denley-Myerson, Kathleen Beams |
+44 (0) 20 7770 6424 |
NOTES FOR EDITORS:
About Chariot
Chariot is an Africa focused energy group with two core business streams: Upstream Oil and Gas and Renewable Power.
Chariot's Upstream Oil and Gas pillar is focused on building out a full value chain growth business within Africa. Alongside securing a footprint in Angola, Chariot holds a diverse portfolio in Morocco and is pursuing a range of new ventures with a focus on production opportunities as well as its ongoing exploration interests in Namibia.
Chariot's Renewable Power business is focused on providing competitive, sustainable and reliable energy through building, generating and trading renewable power in South Africa as well as progressing the development of its power-to-mining projects on the continent. Chariot is also continuing to advance its green hydrogen asset, Project Nour in Mauritania.
The ordinary shares of Chariot Limited are admitted to trading on AIM under the symbol 'CHAR'.
This Announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This Announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Adonis Pouroulis |
||||
|
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 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 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 |
12 March 2026 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON), United Kingdom |
||||
|
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 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 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 |
12 March 2026 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON), United Kingdom |
||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Duncan Wallace |
||||
|
2. |
Reason for the Notification |
|||||
|
a) |
Position/status |
Technical 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 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 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 |
12 March 2026 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON), United Kingdom |
||||
|
1. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Andrew Hockey |
||||
|
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 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 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 |
12 March 2026 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON), United Kingdom |
||||
|
5. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Adonis Pouroulis |
||||
|
6. |
Reason for the Notification |
|||||
|
a) |
Position/status |
Chief Executive Officer |
||||
|
b) |
Initial notification/Amendment |
Initial notification |
||||
|
7. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Chariot Limited |
||||
|
b) |
LEI |
21380046DOGKITYU6X54 |
||||
|
8. |
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 |
Warrants to subscribe for new Ordinary Shares. |
||||
|
Identification code |
ISIN for Chariot Limited Warrants: GG00BQWPQR37 |
|||||
|
b) |
Nature of the transaction |
Grant of nil cost Warrants with an exercise price of £0.024 to subscribe for new Ordinary Shares. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. |
||||
|
e) |
Date of the transaction |
12 March 2026 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON), United Kingdom |
||||
|
5. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Julian Maurice-Williams |
||||
|
6. |
Reason for the Notification |
|||||
|
a) |
Position/status |
Chief Financial Officer |
||||
|
b) |
Initial notification/Amendment |
Initial notification |
||||
|
7. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Chariot Limited |
||||
|
b) |
LEI |
21380046DOGKITYU6X54 |
||||
|
8. |
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 |
Warrants to subscribe for new Ordinary Shares. |
||||
|
Identification code |
ISIN for Chariot Limited Warrants: GG00BQWPQR37 |
|||||
|
b) |
Nature of the transaction |
Grant of nil cost Warrants with an exercise price of £0.024 to subscribe for new Ordinary Shares. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. |
||||
|
e) |
Date of the transaction |
12 March 2026 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON), United Kingdom |
||||
|
5. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Duncan Wallace |
||||
|
6. |
Reason for the Notification |
|||||
|
a) |
Position/status |
Technical Director |
||||
|
b) |
Initial notification/Amendment |
Initial notification |
||||
|
7. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Chariot Limited |
||||
|
b) |
LEI |
21380046DOGKITYU6X54 |
||||
|
8. |
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 |
Warrants to subscribe for new Ordinary Shares. |
||||
|
Identification code |
ISIN for Chariot Limited Warrants: GG00BQWPQR37 |
|||||
|
b) |
Nature of the transaction |
Grant of nil cost Warrants with an exercise price of £0.024 to subscribe for new Ordinary Shares. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. |
||||
|
e) |
Date of the transaction |
12 March 2026 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON), United Kingdom |
||||
|
5. |
Details of the person discharging managerial responsibilities / person closely associated |
|||||
|
a) |
Name |
Andrew Hockey |
||||
|
6. |
Reason for the Notification |
|||||
|
a) |
Position/status |
Non-Executive Chairman |
||||
|
b) |
Initial notification/Amendment |
Initial notification |
||||
|
7. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
Chariot Limited |
||||
|
b) |
LEI |
21380046DOGKITYU6X54 |
||||
|
8. |
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 |
Warrants to subscribe for new Ordinary Shares. |
||||
|
Identification code |
ISIN for Chariot Limited Warrants: GG00BQWPQR37 |
|||||
|
b) |
Nature of the transaction |
Grant of nil cost Warrants with an exercise price of £0.024 to subscribe for new Ordinary Shares. |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information: · Aggregated volume · Price |
Not applicable, single transaction. |
||||
|
e) |
Date of the transaction |
12 March 2026 |
||||
|
f) |
Place of the transaction |
London Stock Exchange, AIM Market (XLON), United Kingdom |
||||