Chariot Grants Deferred Share Awards to Align Board Incentives With Shareholders

Chariot Oil & Gas ( (GB:CHAR) ) has provided an update.

Chariot Limited has granted a series of deferred share awards to its executive and non-executive directors as part of a long-term incentive and retention strategy aligned with AIM corporate governance practices. Chief executive Adonis Pouroulis, chief financial officer Julian Maurice-Williams and technical director Duncan Wallace have each received nil-cost options over 6 million, 4.5 million and 4.5 million ordinary shares respectively, vesting in three equal tranches between June 2026 and June 2028 and exercisable until December 2035. In addition, chairman Andrew Hockey has been awarded 434,065 matching share units tied to his prior on-market share purchases, with vesting schedules extending to 2028 and conditional on his continued role and retention of the underlying shares. The move underscores the board’s emphasis on equity-based remuneration to reward management for steering the business through a period of operational and strategic transition and to further align senior leadership with shareholder interests over the long term.

The most recent analyst rating on (GB:CHAR) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Chariot Oil & Gas stock, see the GB:CHAR Stock Forecast page.

Spark’s Take on GB:CHAR Stock

According to Spark, TipRanks’ AI Analyst, GB:CHAR is a Neutral.

Chariot Oil & Gas’s overall stock score reflects significant financial challenges and bearish technical indicators. However, strategic corporate events, including partnerships and a shift towards renewable energy, offer potential for future improvement. The company’s valuation remains unattractive due to ongoing losses.

To see Spark’s full report on GB:CHAR stock, click here.

More about Chariot Oil & Gas

Chariot Limited is an Africa-focused energy group with two core business streams: upstream oil and gas and renewable power. In oil and gas, the company is building a full value-chain growth business across the continent, with a diverse footprint in Morocco through offshore and onshore licences and a focus on production-led opportunities. Its renewable power division develops, generates and trades sustainable energy in South Africa, progresses power-to-mining projects across Africa and is advancing the Project Nour green hydrogen initiative in Mauritania; the company’s shares trade on AIM under the symbol ‘CHAR’.

Average Trading Volume: 2,675,717

Technical Sentiment Signal: Sell

Current Market Cap: £24.42M

Learn more about CHAR stock on TipRanks’ Stock Analysis page.