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Chariot Ltd - Devon, England-based Africa-focused transitional energy company - Raises gross proceeds of $4.0 million, or £3.2 million, through an open offer. The company received valid acceptances of 61.1 million open offer shares, representing an oversubscribed take-up against the 17.6 million available open offer shares.
Chief Executive Julian Maurice-Williams says: ‘I am very pleased to report that, subject to shareholder approval, we will have raised a total of $29.5 million through the fundraising, which is an excellent result for the company.’
Current stock price: 20.00 pence
12-month change: up sharply from 5.79p
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