Exercise of Warrants and Total Voting Rights
Chariot will issue 28,432,069 new ordinary shares following warrant exercises, raising £0.7 million (US$0.9 million); Admission is expected at 8:00 a.m. on 6 November 2026. After Admission the company will have 3,054,468,132 ordinary shares outstanding with no shares in treasury, implying c.0.93% dilution and an average cash received of c.£0.0246 (2.46p) per new share. The updated share count will be the denominator for FCA DTR notifications. The transaction supplies a modest immediate cash inflow while producing limited dilution to the equity base.
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Chariot Limited (AIM: CHAR), the Africa-focused energy company, announces that the Company will issue a total of 28,432,069 new ordinary shares of 1 pence each ("New Ordinary Shares"), pursuant to the exercise of warrants and will receive total cash funds of £0.7 million (US$0.9 million).
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 6 November 2026. Following Admission, the Company will have 3,054,468,132 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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.