Chariot acquires renewable and hybrid power developer focused on mining sector in Africa
01 Jun 2021
23 March 2021 in respect of the acquisition of the business of
Africa Energy Management Platform ( AEMP ), a renewable and hybrid power developer focused on the mining sector in Africa, all conditions in the share purchase agreements and other related transactions agreements have now been satisfied and completion of the transaction is expected imminently.
Initial consideration payable on completion of the share purchase agreement is US$1.16 million in Chariot Ordinary Shares based on the 30-day VWAP prior to the signing of the SPAs (representing 9,196,926 shares) and US$0.09 million in cash.
RNS Number: 1904 A Chariot Oil& Gas Ld 28 May 2021. Chariot, the African focused transitional energy group, is pleased to confirm that, further to the.