Share Awards and Amendment of Historic 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.
Matching awards
In accordance with the Company's Non-Executive Directors' Restricted Share Unit Plan on 30 April 2024, the following Non-Executive Directors were granted a matching award over ordinary shares in the Company ("shares").
| Directors | Position | Number of Shares Awarded |
| George Canjar | Chairman | 200,000 1 |
| Chris Zeal | Non-Executive Director | 113,921 2 |
The matching awards are granted in order to "match" the purchase of shares ("purchased shares") made by George Canjar on 21 December 2023 and 27 December 2023 and made by Chris Zeal on 29 January 2024. The matching awards are conditional upon retention of such purchased shares until the awards vest.
1 Subject to continuing office and retention of the purchased shares, the matching share award will vest on 27 December 2026.
2 Subject to continuing office and retention of the purchased shares, the matching share award will vest in three equal instalments on 29 January 2025, 2026 and 2027.
Historic share awards amended
Historic share awards granted under the Company's Long Term Incentive Plan and Non-Executive Directors' Restricted Share Unit Plan have had their expiry date extended, in recognition of long-standing commitment to the Company and having not exercised previously vested awards. The effect on directors' share awards both individually and cumulatively is net neutral (i.e. the same number of shares will be outstanding under all share awards held by the directors). The effect on the directors' share awards is listed below.
| Directors | Position | Number of Shares in respect of which awards have been amended |
| Adonis Pouroulis | Chief Executive Officer | 522,735 3 |
| Julian Maurice-Williams | Chief Financial Officer | 352,083 4 |
| Duncan Wallace | Technical Director | 1,032,659 4 |
3 These share awards were granted whilst Adonis Pouroulis was a Non-Executive Director under the Company's Non-Executive Directors' Restricted Share Unit Plan and have had their expiry date extended such that they are exercisable until 30 April 2027.
4 These share awards were granted under the Long Term Incentive Plan and have had their expiry date extended such that they are exercisable until 30 April 2027.
Share award
George Canjar has received a new share award under the Non-Executive Directors' Restricted Share Unit Plan over a total of 4,880,210 shares, in recognition of long-standing commitment to the Company and having not exercised previously vested awards. This new share award relates to historic awards which had vested (in whole or in part) but lapsed under the plan. Subject to continuing office, the new share award will vest on 30 April 2027.
| 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 on 27 December 2026. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 200,000 |
| d) | Aggregated information: · Aggregated volume · Price | Not applicable, single transaction. |
| e) | Date of the transaction | 30 April 2024 |
| f) | Place of the transaction | Outside a trading venue. |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Chris Zeal |
| 2. | Reason for the Notification | |
| a) | Position/status | Non-Executive 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 Non-Executive Directors' Restricted Share Unit Plan these options will vest on 29 January 2025, 2026 and 2027. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 113,921 |
| d) | Aggregated information: · Aggregated volume · Price | Not applicable, single transaction. |
| e) | Date of the transaction | 30 April 2024 |
| f) | Place of the transaction | Outside a trading venue. |
| 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 on 30 April 2027. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 4,880,210 |
| d) | Aggregated information: · Aggregated volume · Price | Not applicable, single transaction. |
| e) | Date of the transaction | 30 April 2024 |
| 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 | Extension of expiry period of options over Ordinary Shares granted whilst a Non-Executive Director under the Company's Non-Executive Directors' Restricted Share Unit Plan to remain exercisable until 30 April 2027 |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 18,533 £nil 504,202 |
| d) | Aggregated information: · Aggregated volume · Price | Price(s) Volume(s) £nil 522,735 |
| e) | Date of the transaction | 30 April 2024 |
| 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 | Extension of expiry period of options over Ordinary Shares under Long Term Incentive Plan to remain exercisable until 30 April 2027. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 133,333 £nil 218,750 |
| d) | Aggregated information: · Aggregated volume · Price | Price(s) Volume(s) £nil 352,083 |
| e) | Date of the transaction | 30 April 2024 |
| 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 | Extension of expiry period of options over Ordinary Shares under Long Term Incentive Plan to remain exercisable until 30 April 2027. |
| c) | Price(s) and volume(s) | Price(s) Volume(s) £nil 501,409 £nil 531,250 |
| d) | Aggregated information: · Aggregated volume · Price | Price(s) Volume(s) £nil 1,032,659 |
| e) | Date of the transaction | 30 April 2024 |
| f) | Place of the transaction | Outside a trading venue. |
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