Helium One Global Ltd ("Helium One" or "the Company") announces that it has issued 15,716,133 ordinary shares in the Company to a service provider in lieu of cash payment. This was for the provision of services during the recent Extended Well Test, and the arrangement was agreed with the service provider prior to the commencement of the EWT operation.
Application will be made for the admission of the 15,716,133 new ordinary shares to trading on AIM ("Admission"). The Shares will rank pari passu with the existing ordinary shares and it is expected that Admission will become effective at 8.00 a.m. on 12 December 2024.
Following Admission, the Company's issued share capital will consist of 5,921,426,896 ordinary shares with voting rights. Helium One does not hold any ordinary shares in treasury. This figure of 5,921,426,896 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they require to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
