3 November 2026
Chariot Limited
("Chariot" or the "Company")
Exercise of Warrants and Total Voting Rights
Chariot Limited (AIM: CHAR), the Africa-focused energy company, announces that the Company will issue a total of 28,432,069 new ordinary shares of 1 pence each ("New Ordinary Shares"), pursuant to the exercise of warrants and will receive total cash funds of £0.7 million (US$0.9 million).
The Company has applied for admission of the New Ordinary Shares to trading on AIM (“Admission”). Admission is expected to occur at 8.00 a.m. on 6 November 2026. Following Admission, the Company will have 3,054,468,132 Ordinary Shares in issue and there are no shares held in treasury. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information please contact:
Chariot Limited Adonis Pouroulis, CEO Julian Maurice-Williams, CFO | +44 (0)20 7318 0450 |
Cavendish Capital Markets Limited (Nomad and Joint Broker) Derrick Lee / Hanna Leijonmarck | +44 (0)20 7397 8900 |
Hannam & Partners (Joint Broker) Neil Passmore, Leif Powis | +44 (0)20 7907 8500 |
Celicourt Communications (Financial PR) Mark Antelme, Kathleen Beams | +44 (0)20 7770 6424 |
NOTES FOR EDITORS:
Chariot is an Africa focused energy group with two 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.
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 work across its green hydrogen assets in Mauritania.
As announced, Chariot is looking to realise the value of its renewables business in order to accelerate its upstream objectives.
The ordinary shares of Chariot Limited are admitted to trading on AIM under the symbol 'CHAR'.
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