Business
Exercise of Options and Issue of Equity
Exercise of Options and Issue of Equity.
About this update from Helium One Global Limited
[{"type":"text","content":"\n\n\n \n\n12 September 2023\n \nHelium One Global Ltd\n(\"Helium One\" or \"the Company\")\nExercise of Options and Issue of Equity\nIssue of Options\nHelium One Global (AIM: HE1), the primary helium explorer in Tanzania, announces that it has received notice of the exercise of options over a total of 1,000,000 ordinary shares in the Company (\"New Ordinary Shares\"). Application will be made for the admission of the New Ordinary Shares to trading on AIM (\"Admission\"). The Shares will rank pari passu with the existing Ordinary Shares and it is expected that Admission will become effective at 8.00 a.m. on 15 September 2023.\nFollowing Admission, the Company's issued share capital will consist of 942,456,430 Ordinary Shares with voting rights, including the additional shares that are due to be admitted to trading on 15 September 2023, as referenced in the Company's announcement published on 7 September 2023. Helium One does not hold any Ordinary Shares in treasury. This figure of 942,456,430 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they require to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\nAdditionally, the board have resolved to issue 33,750,000 options in aggregate to Directors and management to subscribe for ordinary shares (the \"Options\"). The Options will vest in three equal tranches over 3 years commencing 12 months from the date of grant and are exercisable at 6.6p per share, being the 10 day volume weighted average price. These options will be subject to shareholder approval granting the directors authority to issue shares for cash which will be sought in due course.\n\nrtain of the Options have been granted to Directors and PDMR's as follows:\n\n\n\n\nDirector / PDMR\n\n\nNo. of Options\n\n\n\n\nJames Smith\n\n\n2,000,000\n\n\n\n\nLorna Blaisse\n\n\n8,000,000\n\n\n\n\nGraham Jacobs\n\n\n8,000,000\n\n\n\n\nChris Eyre\n\n\n5,000,000\n\n\n\n\nSarah Cope\n\n\n2,000,000\n\n\n\n\nNigel Friend\n\n\n2,000,000\n\n\n\n\nRussel Swarts\n\n\n2,000,000\n\n\n\n\n \n\n \nFor further information please visit the Company's website: www.helium-one.com &nb...