REG - Helix Exploration - Grant of Options and Director/PDMR Shareholding

Helix ExplorationAnnouncement

26/04/2024 07:00

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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 (mailto: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  helixexploration@camarco.co.uk (mailto:helixexploration@camarco.co.uk)

 Billy Clegg

 

 

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/ (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/                                        Initial notification

             Amendment
 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  Options over new ordinary shares of one pence each

Identification Code

                                                                          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                                       Options granted over 1,000,000 shares in total

             - Aggregated Volume

             - Price                                                      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/                                        Initial notification

             Amendment
 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  Options over new ordinary shares of one pence each

Identification Code

                                                                          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                                       Options granted over 1,000,000 shares in total

             - Aggregated Volume

             - Price                                                      N/A
 e)          Date of the transaction                                      26 April 2024
 f)          Place of the transaction                                     Off-market transaction

 

 

 

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