# Share dealing opens for new charity online lottery company

- Link: https://fundraising.co.uk/2006/02/06/share-dealing-opens-new-charity-online-lottery-company/
- Published: 2006-02-06T00:00:00+00:00
- Author: Howard Lake

![](https://www.fundraising.co.uk/files/images/news/4173.jpg)

Share dealings have today opened in Chariot (UK) plc, a new venture which intends
to run an online lottery to raise funds for charities.
Before being admitted to 
the Alternative Investment Market (AIM), operated by the London Stock Exchange, 
Chariot had raised £9.6 million (gross), resulting in an approximate market capitalisation
of £18 million at the placing price.

Commenting on the announcement, Craig Freeman, Managing Director of Chariot, said:“
We are pleased to have successfully completed our flotation. The funds raised will
provide us with a strong platform upon which to launch our game in 2006 and we look
forward to delivering a new and exciting lottery for the benefit of players and 
charity partners alike”.

Chariot was founded in April 2003 with the aim of increasing the percentage contribution,
per ticket sold, to registered charities compared to that passed on by Camelot’s
The National Lottery. Chariot will allow the lottery players to choose the registered
charity benefiting from their lottery ticket purchases

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Chariot, however, differs from the National Lottery because its business model involves
it operating under society lottery rules. It will be primarily an online game, 
with some players also using the phone or post.

So far over 50 charities have signed contractually binding agreements to participate.

 * **[New online lottery company to meet with charity partners](https://fundraising.co.uk/2006/03/08/new-online-lottery-company-meet-charity-partners/)**(
   8 March 2006)
 * **[Totesport allows Grand National punters to donate to charity](https://fundraising.co.uk/2006/04/06/totesport-allows-grand-national-punters-donate-charity/)**(
   6 April 2006)
 * **[Butlins launches online bingo game to raise funds for Everyman Campaign](https://fundraising.co.uk/2006/04/10/butlins-launches-online-bingo-game-raise-funds-everyman-campaign/)**(
   10 April 2006)