CHAR Chariot Limited

TIDMCHAR

RNS Number : 4117C

Chariot Oil & Gas Ld

28 June 2016

28 June 2016

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 reward its executive team by aligning total remuneration packages with the achievement of appropriate short and long term corporate goals.

As a result on 28 June 2016, under the Executive Director's 2015 annual bonus scheme, Larry Bottomley was granted a deferred share award in the form of a nil cost option over 1,564,286 shares under the Company's Long Term Incentive Share Scheme. Subject to his continued employment, this deferred share award will vest on 1 January 2019 and will remain exercisable until 27 June 2026.

 
 
   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 
 Peel Hunt (Joint Broker) 
  Richard Crichton, Ross Allister    +44 (0)20 7418 8900 
 EMC(2) Advisory (Media Contact) 
  Natalia Erikssen                   +44 (0)78 0944 0929 
 

NOTES TO EDITORS

About Chariot

Chariot Oil & Gas Limited is an independent oil and gas exploration group. It holds licences covering four blocks in Namibia, two 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'.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHFRMFTMBITBPF

(END) Dow Jones Newswires

June 28, 2016 09:00 ET (13:00 GMT)

Chariot (LSE:CHAR)
Historical Stock Chart
From Apr 2024 to May 2024

Chariot (LSE:CHAR)
Historical Stock Chart
From May 2023 to May 2024