Exercise of Share Awards, TVR & Directors Dealings
Directors and employees exercise 80.5m nil-cost share options; admission of new shares expected 27 October 2026.
- New Ordinary Shares issued 80,543,155
- Ordinary Shares in issue post-admission 3,026,036,063
- Adonis Pouroulis shares received and retained 23,144,975
- Julian Maurice-Williams shares received and retained 19,038,308
- Share price at exercise (Pouroulis sale) £0.031
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Chariot Limited (AIM: CHAR), the Africa-focused energy company, announces that the Company will issue a total of 80,543,155 new ordinary shares ("New Ordinary Shares"), pursuant to the exercise by certain Directors and employees of nil cost options under the Company’s Long Term Incentive Share Scheme and Non-Executive Directors’ Restricted Share Unit Plan (“Share Schemes”).
Of the New Ordinary Shares, a proportion has been withheld and sold to an investor to meet the Company’s liability for Employers National Insurance, together with the individual’s Employees National Insurance and income tax liabilities. The New Ordinary Shares includes additional shares issued specifically to fund the Employers National Insurance liability in accordance with the rules of the Share Schemes.
Adonis Pouroulis, Andrew Hockey, Julian Maurice-Williams and Duncan Wallace will receive and retain their shares net of tax deductions, with details listed in the tables below.
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 27 October 2026. Following Admission, the Company will have 3,026,036,063 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.
| a) | Name | Adonis Pouroulis |
| 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 | |
| c) | Price(s) and volume(s) | Price Volume £Nil 6,513,595 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Adonis Pouroulis |
| 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 | Ordinary Shares |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Exercise of nil cost share options |
| c) | Price(s) and volume(s) | Price Volume £nil 23,144,975 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Adonis Pouroulis |
| 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 | Ordinary Shares |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Sale of Ordinary Shares |
| c) | Price(s) and volume(s) | Price Volume Total £0.031 14,280,450 £442,693.95 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Julian Maurice-Williams |
| 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 to cover tax liabilities on exercised options. In accordance with the Company’s Long Term Incentive Share Scheme these options will vest and be exercised immediately. |
| c) | Price(s) and volume(s) | Price Volume £nil 5,388,197 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Julian Maurice-Williams |
| 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 | Ordinary Shares |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Exercise of nil cost share options |
| c) | Price(s) and volume(s) | Price Volume £nil 19,038,308 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Julian Maurice-Williams |
| 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 | Ordinary Shares |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Sale of Ordinary Shares |
| c) | Price(s) and volume(s) | Price Volume Total £0.031 11,803,751 £365,916.28 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Duncan Wallace |
| 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 to cover tax liabilities on exercised options. In accordance with the Company’s Long Term Incentive Share Scheme these options will vest and be exercised immediately. |
| c) | Price(s) and volume(s) | Price Volume £nil 4,951,720 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Duncan Wallace |
| 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 | Ordinary Shares |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Exercise of nil cost share options |
| c) | Price(s) and volume(s) | Price Volume £nil 17,496,088 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Duncan Wallace |
| 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 | Ordinary Shares |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Sale of Ordinary Shares |
| c) | Price(s) and volume(s) | Price Volume Total £0.031 10,847,575 £336,274.83 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Andrew Hockey |
| Reason for the Notification | ||
| a) | Position/status | Non-Executive 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 | |
| c) | Price(s) and volume(s) | Price Volume £nil 500,208 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Andrew Hockey |
| Reason for the Notification | ||
| a) | Position/status | Non-Executive Chairman |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Chariot Limited |
| b) | LEI | 21380046DOGKITYU6X54 |
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Exercise of nil cost share options |
| c) | Price(s) and volume(s) | Price Volume £nil 1,822,117 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | Outside a trading venue |
Details of the person discharging managerial responsibilities / person closely associated
| a) | Name | Andrew Hockey |
| Reason for the Notification | ||
| a) | Position/status | Non-Executive Chairman |
| b) | Initial notification/Amendment | Initial notification |
| a) | Name | Chariot Limited |
| b) | LEI | 21380046DOGKITYU6X54 |
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares |
| Identification code | ISIN for Chariot Limited Ordinary Shares: GG00B2R9PM06 | |
| b) | Nature of the transaction | Sale of Ordinary Shares |
| c) | Price(s) and volume(s) | Price Volume Total £0.031 1,109,670 £34,399.77 |
| d) | Aggregated information: Aggregated volume Price | Not applicable, single transaction. |
| e) | Date of the transaction | 21 October 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
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