Result of General Meeting and Total Voting Rights
Chariot Limited announced that all resolutions were passed at its General Meeting, securing shareholder approval for a fundraising that raised US$24.3 million (£18.0 million) through the issuance of 1,287,953,313 New Ordinary Shares and 1,287,953,313 Warrants. The net proceeds will be used to part-finance an acquisition in Angola, cover transaction costs, and provide corporate working capital. Following the admission of the new shares on March 12, 2026, the company will have 2,866,098,665 Ordinary Shares in issue.
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Chariot (AIM: CHAR), the African focused energy company, announces that at the General Meeting of the Company held earlier today all resolutions were duly passed.
The Company is pleased to confirm that as a result of obtaining shareholder approval for the Fundraising, which comprised an oversubscribed Placing and Subscription and an Open Offer, Chariot has raised a total of US$24.3 million (£18.0 million) through the issue of 1,287,953,313 New Ordinary Shares. The Company also obtained shareholder approval for the issue of the Warrants and will therefore issue 1,287,953,313 Warrants. Each Warrant shall entitle the relevant warrant holder to subscribe for one Ordinary Share at an exercise price of 2.4 pence and will expire on 9 April 2029.
The net proceeds of the Fundraising will be used to:
| · | Part finance the acquisition by Etu Energias S.A. of a working interest in assets offshore Angola, supported by an acquisition financing package provided by Shell Western Supply and Trading Ltd; |
| · · | Cover the costs involved with the Transaction; and Provide additional corporate working capital. |
Total Voting Rights
The Company has applied for admission of the New Ordinary Shares pursuant to the Fundraising to trading on AIM. Admission will occur at 8.00 a.m. on 12 March 2026. On Admission, the Company will have 2,866,098,665 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.
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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.