REG - Chariot Oil & Gas Ld - Holding(s) in Company
Released: 08/07/2010

 
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RNS Number : 0787P
Chariot Oil & Gas Ld
08 July 2010 
 
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For immediate release                                                                                                      
                             8 July 2010 
 
Chariot Oil & Gas Limited 
 
("the Company") 
 
Holding in Company 
 
Chariot today announces that Westward Investments Limited ("Westward"), a company connected with Adonis Pouroulis, a
non-executive director of Chariot, has sold 500,000 shares in the Company at an average price of approximately 115.3p per
share.  As a result of this sale, Westward holds 22,835,971 shares in Chariot representing 15.82% of the Company's share
capital. 
 
Westward is a company which is owned by a discretionary trust of which Mr. Pouroulis is one of a number of beneficiaries. 
This sale of shares was effected in order to meet financial obligations of Westward, but not to meet any obligations on the
part of Mr. Pouroulis.  Westward has confirmed that it will not sell any further shares in Chariot for the remainder of
2010, save in the event of certain carve outs envisaged in Rule 7 of the AIM Rules for Companies. 
 
- Ends - 
 
Contacts: 
 
Artemis Secretaries Limited
PO Box 100
Sydney Vane House
Admiral Park
St Peter Port
Guernsey GY1 3EL 
 
Ambrian Partners Limited (NOMAD)                 +44 (0)20 7634 4856 
 
Richard Swindells 
 
This information is provided by RNS
The company news service from the London Stock Exchange