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
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
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
|
|
|
|
|
|
|
|
|
| |
