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Proposed Share Consolidation & Notice of EGM
Quantum Helium Limited is proposing a share consolidation whereby every 100 existing ordinary shares will be consolidated into 1 new ordinary share, reducing the total number of shares in issue from 49,985,396,722 to approximately 499,853,967. This move, subject to shareholder approval at an Extraordinary General Meeting on July 1, 2026, aims to achieve a more appropriate share price level, improve investor perception, reduce volatility, and better align the company with AIM market expectations. The company anticipates admission of the consolidated shares to AIM on or around July 3, 2026, with no change to the underlying market capitalization. Disclaimer*
About this update from Quantum Helium Limited
03 June 2026 Quantum Helium Limited ("Quantum" or the "Company") Proposed Share Consolidation & Notice of Extraordinary General Meeting Quantum Helium Limited (AIM: QHE) announces that the Company is proposing to implement a consolidation of its ordinary share capital on the basis of 1 new ordinary share for every 100 existing ordinary shares held (the "Share Consolidation"). The Company has today posted a Notice of Extraordinary General Meeting ("EGM") to shareholders in connection with the proposed Share Consolidation. The EGM will be held at 5:00 p.m. (AEST) on Wednesday, 01 July 2026 at Level 4, 55 York Street, Sydney NSW 2000, Australia. The Board believes that the proposed Share Consolidation is appropriate at this stage of the Company's development and will better position the Company in the public markets, particularly in the context of the Admission of its shares to trading on AIM. If approved, shareholders on the register at the record date will exchange every 100 existing ordinary shares for 1 new ordinary share. The proportion of the issued share capital of the Company held by each shareholder following the Share Consolidation will, save for fractional entitlements and subject to adjustments relating to warrants and other convertible securities, remain unchanged. Background to and reasons for the proposed Share Consolidation As at the date of this announcement, the Company has 49,985,396,722 ordinary shares in issue. The Directors believe that the current number of shares in issue and the associated low share price level are not optimal for the Company at its current stage of development. The Board believes that the proposed Share Consolidation will: • Achieve a more appropriate share price level; • Improve the perception of the Company among institutional investors; • Reduce share price volatility; and • Better align the Company with AIM market expectations. The Directors believe that the Share Consolidation will assist in providing a capital structure more appropriate for a company of Quantum's scale and stage of development while maintaining shareholder proportional ownership. Effect of the Share Consolidation If the Resolution is approved at the EGM: • Every 100 existing ordinary shares will be consolidated into 1 new ordinary share; • The number of warrants and other convertible securities on issue, ...
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