Business
Conversion of CLNs
Mendell Helium PLC has announced the conversion of £10,000 in convertible loan notes, resulting in the issuance of 350,000 new ordinary shares at a conversion price of 3 pence per share, including a 5% fee paid in shares. Following this conversion, £290,000 in CLNs remain outstanding. The new shares are expected to be admitted to trading on the AQSE Growth Market on January 6, 2026, bringing the Company's total enlarged share capital to 123,607,973 ordinary shares. Disclaimer*
About this update from Mendell Helium Plc
[{"type":"text","content":"\n\n\n \nMendell Helium plc\n \n(\"Mendell Helium\" or the \"Company\")\n \nConversion of CLNs\n \nMendell Helium announces that the Company has received notice to convert a total face value of £10,000 convertible loan notes (the \"CLNs\") resulting in the issue of 350,000 new ordinary shares in the Company (the \"New Ordinary Shares\") (\"Conversion\").\n \nIn accordance with the terms of the CLNs, which were announced on 9 December 2025, the conversion price of the CLNs is 3 pence. The New Ordinary Shares issued also reflect the 5% fee due on Conversion (which is itself payable through the issue of New Ordinary Shares). Following Conversion, the Company has CLNs with a face value of £290,000 outstanding.\n \nAdmission\nApplication will be made for the 350,000 New Ordinary Shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market (\"Admission\"). Admission is expected to occur at 8:00 a.m. on or around 6 January 2026. The New Ordinary Shares will rank pari passu with the existing ordinary shares.\n \nTotal Voting Rights\nFollowing Admission, the Company's enlarged share capital will comprise 123,607,973 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 123,607,973. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \nThis announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.\n \nENDS\n \nEngage with the Mendell Helium management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://mendellhelium.com/s/a6a55a\n \nEnquiries:\n\n\n\n\nInvestor questions on this announcement\nWe encourage all investors to share questions\non this announcement via our investor website\n \n\n\nhttps://mendellhelium.com/s/a6a55a\n\n\n\n\nMendell Helium plc\nNick Tulloch, CEO\n \n\n\nVia our website\[email protected]\n\n\n\n...