RNS Number : 1088M
Helix Exploration PLC
26 April 2024
 

26 April 2024

Helix Exploration PLC

 

("Helix Exploration" or "Helix" or the "Company")

 

Grant of Options and Director/PDMR Shareholding

 

 

Helix Exploration, the helium exploration and development company focused on large-scale, low-risk helium deposits within the 'Montana Helium Fairway', announces that 2,000,000 options over new ordinary shares in the Company ("Ordinary Shares") were granted to certain directors of the Company on 26 April 2024, further details of which are set out in the table below.

 

 

Name

Date of issue

Position

Options

Exercise Price

Time to maturity

Gregg Peters

26/04/2024

Non-Executive Director

1,000,000

£0.10

10 years from date of issue

Keith Spickelmier

26/04/2024

Non-Executive Director

1,000,000

£0.10

10 years from date of issue

 

The options will vest in three equal tranches subject to time milestones and the Directors remaining with the Company:

 

(i)          333,333 option shares shall vest on 9 April 2025;

(ii)         333,333 option shares shall vest on 9 April 2026; and

(iii)        333,334 option shares shall vest on 9 April 2027.

 

 

The authority to grant the options was approved at a general meeting of the Company held on 11 March 2024 and was set out in the Company's Admission Document.

 

Following this announcement there are in issue a total of 12,224,000 options over Ordinary Shares, representing 10% of the current issued share capital of the Company.

 

The Directors of the Company take full responsibility for the accuracy of this announcement. This announcement contains inside information for the purposes of UK Market Abuse Regulation.

 

 

Enquiries

 

Helix Exploration

Bo Sears

via Camarco

David Minchin

info@helixexploration.com





Cairn - Nominated Adviser

Liam Murray

+44 (0)20 7213 0880

Ludovico Lazzaretti


James Western


 

Hannam & Partners - Joint Broker

Neil Passmore

+44 (0)20 7907 8502

 

Andy Crispin


 

Spencer Mignot

 

 

 

SI Capital - Joint Broker


Nick Emerson

+44 (0)14 8341 3500

Renato Rufus


Nick Briers


 

OAK Securities - Joint Broker

Jerry Keen

+44 (0)20 3973 3678

Henry Clark




Camarco - Financial PR

Emily Hall

+44 (0)20 3757 4980

Tilly Butcher

Billy Clegg

helixexploration@camarco.co.uk



 

 

Notes to Editors

 

Helix Exploration is a helium exploration company focused on the exploration and development of low risk, large scale helium deposits within the 'Montana Helium Fairway'. Founded by industry experts with extensive experience of helium systems in the US, the Company's assets comprise of 52 leases over the Ingomar Dome; a large closure of 16,512 acres with P50 unrisked prospective helium resource of 2.3Bcf and upside of 6.7 billion cubic feet. Historic drilling and/or testing has identified gas in all target reservoir horizons.

 

Helix Exploration will focus on appraisal and early production at the Montana Ingomar Dome Project.  An aggressive development timeline will see appraisal drilling targeted for Q3 2024 and first helium production targeted for Q4 2025.  Helix is committed to open and transparent communication with investors and the wider market as the project progresses through development.

 

The Company's Admission Document, and other information required pursuant to AIM Rule 26, is available on the Company's website at https://www.helixexploration.com/.

 

 

Caution regarding forward looking statements

 

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

Gregg Peters

2.   

Reason for notification


a)   

Position/Status

Non-Executive Director

b)   

Initial notification/

Amendment

Initial notification

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   

Name

Helix Exploration PLC

b)   

LEI

213800WGIUCDVNLJ9G76

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)   

Description of the financial instrument, type of instrument

Identification Code


Options over new ordinary shares of one pence each

 

ISIN: GB00BPK66X70

b)   

Nature of the transaction

Grant of options over new ordinary shares

c)   

Price(s) and volume(s)








Price

Volume



10p

1,000,000




d)   

Aggregated information

- Aggregated Volume

- Price

Options granted over 1,000,000 shares in total

 

N/A

e)   

Date of the transaction

26 April 2024

f)    

Place of the transaction

Off-market transaction

 

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

a)   

Name

Keith Spickelmier

2.   

Reason for notification


a)   

Position/Status

Non-Executive Director

b)   

Initial notification/

Amendment

Initial notification

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)   

Name

Helix Exploration PLC

b)   

LEI

213800WGIUCDVNLJ9G76

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)   

Description of the financial instrument, type of instrument

Identification Code


Options over new ordinary shares of one pence each

 

ISIN: GB00BPK66X70

b)   

Nature of the transaction

Grant of options over new ordinary shares

c)   

Price(s) and volume(s)








Price

Volume



10p

1,000,000




d)   

Aggregated information

- Aggregated Volume

- Price

Options granted over 1,000,000 shares in total

 

N/A

e)   

Date of the transaction

26 April 2024

f)    

Place of the transaction

Off-market transaction

 

 

 

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