Business
Extension of Broker Option & Subscription
Mendell Helium plc has extended the broker option period for up to 10,000,000 ordinary shares until December 8, 2025, to accommodate investor commitments, and has also secured an additional £600 subscription from an existing shareholder for 20,000 new ordinary shares at 3 pence each, with these new shares expected to be admitted to trading on December 10, 2025, increasing the total voting rights to 123,257,973. The company also confirmed the option to acquire M3 Helium has been extended to February 28, 2026, though exercise is not guaranteed. 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 \nExtension of Broker Option\nSubscription\n \nMendell Helium announces that, further to its announcement of 17 November 2025 regarding the Subscription, Issue of Equity and Warrants (the \"November Subscription Announcement\"), it has received expressions of interest from investors to participate in the broker option (the \"Broker Option\"). To provide time for these investors to finalise their commitments, the Company has agreed with AlbR Capital Limited (\"AlbR\") to extend the period during which the Broker Option may be exercised. If all of the proposed investors participate then the Broker Option is expected to be exercised in full. Pending conclusion of these discussions, Mendell Helium also announces that it has received a further subscription for new ordinary shares on the same terms as the Subscription described in that announcement from an existing shareholder.\n \nAs announced on 27 June 2024, the Company has an option (the \"Option\") to acquire M3 Helium, a producer of helium which is based in Kansas and holds an interest in six producing wells. There is no certainty that the Company's option to acquire M3 Helium will be exercised, nor that the enlarged group will successfully complete a re-admission. As announced on 1 December 2025, the Company and M3 Helium have agreed to extend the date on which the Option should be exercised to 28 February 2026.\n \nExtension of Broker Option\nAs set out in the November Subscription Announcement, the Company granted AlbR, the Broker Option over up to 10,000,000 new ordinary shares (the \"Broker Option Shares\"), exercisable at the Issue Price and originally exercisable up to 4.30 p.m. (UK time) on 24 November 2025.\n \nThe Company has agreed with AlbR that the latest time and date for the exercise of the Broker Option will be extended and that the Broker Option will be exercisable, at AlbR's discretion (following consultation with the Company), on one or more occasions up to 4.30 p.m. (UK time) on 8 December 2025.\n \nAll other terms of the Broker Option remain unchanged.\n \nAdditional Subscription\nPursuant to the terms of the Subscription set out in the November Subscription Announcement, the Company has raised app...