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

Helix ExplorationAnnouncement

08/04/2025 15:00

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RNS Number : 1745E  Helix Exploration PLC  08 April 2025

8 April 2025

 

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 with
near-term production assets within the 'Montana Helium Fairway', announces the
issue of 9,000,000 options over new ordinary shares of 1 pence each in the
Company ("Ordinary Shares") with an exercise price of 15p per option which
were granted to certain directors and a consultant on 5 April 2025, further
details of which are set out in the table below:

 Name               Date of issue  Position                Options    Exercise Price  Time to maturity
 Bo Sears           05/04/2025     CEO                     2,500,000  £0.15           5 years from date of issue
 Ryan Neates        05/04/2025     CFO                     1,500,000  £0.15           5 years from date of issue
 Gregg Peters       05/04/2025     Non-Executive Director  2,000,000  £0.15           5 years from date of issue
 Keith Spickelmier  05/04/2025     Non-Executive Director  2,000,000  £0.15           5 years from date of issue
 Consultant         05/04/2025     Consultant              1,000,000  £0.15           5 years from date of issue

 

The options have an exercise price at a 21.45% premium over the closing price
of 12.35p on 7 April 2025 and will vest in three equal tranches subject to
time milestones and the Directors & consultant remaining with the Company:

 

(i)         1/3(rd) of option shares shall vest on grant date;

(ii)         1/3(rd) of option shares shall vest on first anniversary
of grant date;

(iii)        1/3(rd) of option shares shall vest on second anniversary
of grant date;

 

Following this announcement there are in issue a total of 21,224,000 options
over Ordinary Shares, representing 13.52% of the current issued share capital
of the Company.

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation, and the Directors of the Company are responsible for
the release of this announcement.

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
 Leif Powis

 Tavira Financial  - Joint Broker
 Chris Kipling                         +44 (0)20 7100 5100

 Oliver Stansfield

 Jonathan Evans

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 helium deposits within the 'Montana Helium Fairway'.
Founded by industry experts with extensive experience of helium systems in the
US, the Company listed in April 2024 raising £7.5 million from an offer book
of over £22 million.

The Company has drilled two wells on two assets in 2024. Darwin #1 well at
Rudyard Project tested 276ft in the Souris and Red River formations, flowing
2,750 Mcf/day at 1.1% helium. Rudyard field can support multiple production
wells and has potential to generate net revenue of $115 - $220 million over a
12 - 14 year life of field.

Helix Exploration is fully funded and focused on production, taking advantage
of existing infrastructure and low-cost processing to target first gas in
2025. Helix is committed to open and transparent communication with investors
and the wider market as the project progresses through development into
production.

"Our approach is simple: build scale efficiently, develop resources
strategically, and deliver near-term cash flow." CEO - Bo Sears

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                                                         a)   Bo Sears

                                                                          b)   Ryan Neates

                                                                          c)   Gregg Peters

                                                                          d)   Keith Spickelmier
 2.          Reason for notification
 a)          Position/Status                                              a)   CEO

                                                                          b)   CFO

                                                                          c)   Non-Executive Director

                                                                          d)   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
                                                                          a)   15p     a)   2,500,000

                                                                          b)   15p     b)   1,500,000

                                                                          c)   15p     c)   2,000,000

                                                                          d)   15p     d)   2,000,000

 d)          Aggregated information

             - Aggregated Volume                                          N/A

             - Price
 e)          Date of the transaction                                      5 April 2025
 f)          Place of the transaction                                     Off-market transaction

 

 

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