Business
Proposed Placing and Subscription and Open Offer
Proposed Placing and Subscription and Open Offer.
About this update from Chariot Limited
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT, INCLUDING THE APPENDIX (THE \"ANNOUNCEMENT\") AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR, INTO ANY\n \n MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, THE UNITED STATES (OR TO ANY U.S. PERSON), CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION EU NO. 596/2014, AS RETAINED AND APPLICABLE IN THE UK PURSUANT TO S3 OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n Chariot Limited\n \n (\"Chariot\", the \"Company\" or the \"Group\")\n \n 18 May 2022\n \n \n \n Proposed Placing and Subscription to raise approximately\n \n \n US$20\n \n million (£16\n \n million)\n \n \n \n \n and Open Offer to raise up to\n \n \n US$4\n \n million (£3.2\n \n million)\n \n \n \n \n \n \n \n Chariot (AIM: CHAR), the African focused transitional energy company, is pleased to announce its intention to undertake a fundraising of approximately US$24 million (£19.2 million) before expenses by way of placing (the \"Placing\") and a direct subscription (the \"Subscription\") of approximately US$20 million (£16 million) in aggregate, and an open offer (the \"Open Offer\") of up to US$4 million (£3.2 million) (the Placing, Subscription and Open Offer together the \"Fundraising\"). Pursuant to the Fundraising, it is estimated that the Company will issue approximately of 88,888,888 new Ordinary Shares pursuant to the Placing and the Subscription and up to 17,597,272 new Ordinary Shares pursuant to the Open Offer, in each case at an issue price of 18 pence per share (the \"Issue Price\").\n \n The Placing will be conducted in accordance with the terms and conditions set out in Appendix 2 to this announcement (this \"Announcement\") by way of an accelerated bookbuild (\"Bookbuild\" or \"ABB\") at the Issue Price which will be launched immediately following this Announcement. The ti...