Grant of Deferred Share Awards
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In line with best practice corporate governance for AIM companies, Chariot aims to remunerate its Directors through an appropriate mix of cash and share awards, thus aligning their interests with those of its shareholders. With this purpose the Annual 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 the preceding period.
As a result, the following Directors were granted deferred bonus share awards in the form of nil cost options over ordinary shares ("Ordinary Shares") on 19 December 2023. Subject to continuing office, these share awards will vest evenly over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033.
| Directors | Position | Number of Shares Awarded |
| George Canjar | Chairman | 427,723 |
| Adonis Pouroulis | Chief Executive Officer | 977,654 |
| Julian Maurice-Williams | Chief Financial Officer | 733,240 |
| Duncan Wallace | Technical Director | 733,240 |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | George Canjar |
| 2. | Reason for the Notification | |
| a) | Position/status | Chairman |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Chariot Limited |
| b) | LEI | 21380046DOGKITYU6X54 |
| a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan these options will vest in equal instalments over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 427,723 |
| d) | Aggregated information: · Aggregated volume · Price | Not applicable, single transaction. |
| e) | Date of the transaction | 19 December 2023 |
| f) | Place of the transaction | Outside a trading venue. |
| 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 |
| a) | Name | Chariot Limited |
| b) | LEI | 21380046DOGKITYU6X54 |
| a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme these options will vest evenly over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 977,654 |
| d) | Aggregated information: · Aggregated volume · Price | Not applicable, single transaction. |
| e) | Date of the transaction | 19 December 2023 |
| 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 |
| a) | Name | Chariot Limited |
| b) | LEI | 21380046DOGKITYU6X54 |
| a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme these options will vest evenly over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 733,240 |
| d) | Aggregated information: · Aggregated volume · Price | Not applicable, single transaction. |
| e) | Date of the transaction | 19 December 2023 |
| f) | Place of the transaction | Outside a trading venue. |
| 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 |
| a) | Name | Chariot Limited |
| b) | LEI | 21380046DOGKITYU6X54 |
| a) | Description of the Financial instrument, type of instrument | Options over Ordinary Shares. |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Grant of options over Ordinary Shares. In accordance with the Company's Long Term Incentive Share Scheme these options will vest evenly over the next three years on 30 June 2024, 2025 and 2026 and will remain exercisable until 18 December 2033. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 733,240 |
| d) | Aggregated information: · Aggregated volume · Price | Not applicable, single transaction. |
| e) | Date of the transaction | 19 December 2023 |
| f) | Place of the transaction | Outside a trading venue. |
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