Award of Director and Management Options

RNS Number : 8657B

Helium One Global Ltd

15 June 2021

 

15 June 2021

Helium One Global Ltd

Award of Director and Management Options

Helium One (AIM: HE1) ("Helium One" or "the Company") is pleased to announce the award of management stock options.

The board of Helium One recognises the exceptional performance of members of the management and executive team in delivering the drilling programme on schedule. To additionally incentivise management towards ensuring financial discipline in successful exploration, the board has resolved to issue 15,500,000 options to acquire ordinary shares at a strike price of 22p to management and board members. 

Options for management and executive directors, are subject to performance related vesting conditions being; completion of the 3 well drilling programme within budget, and on time, and a successful flow of helium bearing gas to surface from any of the 3 wells.

All directors' options vest over a two year period in three equal tranches being; ⅓ after 4 December 2021, ⅓ 12 months from the date of grant, and ⅓ 24 months from the date of grant

Executive and Non-executive Directors included in the award are detailed in the table below:

Director	Current Options Held	New Options awarded	Total Options Held
Ian Stalker (Chair)	5,000,000	1,000,000	6,000,000
David Minchin (CEO)	15,000,000	3,000,000	18,000,000
Robin Birchall (NED)	4,000,000	500,000	4,500,000
Russel Swarts (FD)	1,500,000	500,000	2,000,000
Sarah Cope (NED)	0	3,000,000	3,000,000
James Smith (NED)	0	3,000,000	3,000,000

The total number of Options and Warrants in the Company is now 71,554,090, representing 11.65% of the Company's issued share capital.

For further information please visit the Company's website: www.helium-one.com  

Contact

Helium One Global Ltd David Minchin, CEO	[phone]
Beaumont Cornish Ltd (Nominated Adviser) James Biddle Roland Cornish	[phone]
Canaccord Genuity Limited (Joint Broker) Adam James	[phone]
Peterhouse Capital Limited (Joint Broker) Lucy Williams	[phone]
Pello Capital (Retail Broker) Callum Hill	[phone]
Tavistock (Financial PR) Nick Elwes	[phone]

Notes to Editors

Helium One has identified a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market.

Helium One's assets are located within the rift basins on the margin of the Tanzanian Craton. Through Helium One's subsidiary companies Gogota (Tz) Limited, Stahamili (Tz) Limited and Njozi (Tz) Limited, the Company has secured 18 Prospecting Licences covering more than 4,512 km² in three distinct project areas: the Rukwa, Balangida and Eyasi projects. These are located near surface seeps with helium concentrations ranging up to 10.5% He by volume. 

The Rukwa Project is located within the Rukwa Rift Basin covering 3,448km² in south-west Tanzania.  The project is considered to be an advanced exploration project and the company has identified 4 prospects and 21 leads based on historical drilling, reprocessed seismic lines, high resolution gravity survey, and surface seep analyses.

SRK Consulting have reported a 'Best Estimate' Un-risked Prospective Resource of 138 Bcf (2U/P50) for the Company's Rukwa Project, meaning that the project has potentially strategic global implications with the ability to significantly resolve helium supply/demand issues.

All Helium One's licences are held on a 100% equity basis and are in close proximity to the required infrastructure.

Helium One is listed on the AIM market of the London Stock Exchange with the ticker of HE1 and on the OTCQB in the United States with the ticker HOGLF.

 

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