Result of Placing and Subscription
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Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, is pleased to announce that, following the announcement on 10 June 2024 (the "Launch Announcement") regarding the launch of a proposed placing (the "Placing") and a direct subscription (the "Subscription") (together, the "Fundraise"), the Company has raised gross proceeds of £8.0 million (approximately US$10.2 million) through the issue of an aggregate of 1,600,000,000 new ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at a price of 0.50 pence per Ordinary Share (the "Issue Price"). The Fundraise was oversubscribed.
The Placing was conducted through an accelerated bookbuild process (the "Bookbuild") undertaken by Liberum Capital Limited and Zeus Capital Limited acting as joint bookrunners ("Joint Bookrunners") and Axis Capital Markets acting as placing agent.
The Fundraise comprised of a Placing of 1,572,970,000 new Ordinary Shares ("Placing Shares") to raise approximately £7.9 million (approximately US$10.0 million) and a Subscription of 27,030,000 new Ordinary Shares ("Subscription Shares") to raise approximately £0.1 million (approximately US$0.2 million) (together and in aggregate the "Fundraise Shares").
The Issue Price represents a discount of approximately 56.5 per cent. to the closing price of 1.15 pence per Ordinary Share on 7 June 2024, being the last business day prior to the announcement of the Fundraise.
Lorna Blaisse, Chief Executive Officer, commented:
"We are pleased with the response that we have seen during this placing. These funds will enable us to fulfil the next crucial phase of the Company's development including the deepening of Itumbula West-1 and the execution of the EWT. Which, combined with the successful award of the Mining License, will allow us to commence development phase for the first helium project in Tanzania."
Admission and Total Voting Rights
Application has been made for the Fundraise Shares to be admitted to trading on AIM ("Admission"). It is anticipated that trading in the new shares will commence on AIM at or around 8.00 a.m. on 14 June 2024. The Fundraise Shares will rank pari passu with the existing Ordinary Shares in issue.
Following Admission, the Company's issued and fully paid share capital will consist of 5,315,710,763 Ordinary Shares, all of which carry one voting right per share. The Company does not hold any Ordinary Shares in treasury. Following Admission, the figure of 5,315,710,763 Ordinary Shares may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure Guidance and Transparency Rules.
The Fundraise Shares will represent approximately 30 per cent. of the Company's enlarged issued share capital on Admission (assuming no other issuance of Ordinary Shares prior to Admission).
Director Participation in the Subscription
The Directors of the Company have subscribed for a total of 5,000,000 Subscription Shares in aggregate. The beneficial holdings of the Directors after Admission of the new shares are set out below:
| Director | Subscription Shares | Total Ordinary Shares held on Admission | % of Issued Share Capital on Admission |
|---|---|---|---|
| Lorna Blaisse | 1,000,000 | 3,173,333 | 0.06% |
| Graham Jacobs | 1,000,000 | 2,193,333 | 0.04% |
| James Simth | 1,000,000 | 1,623,333 | 0.03% |
| Sarah Cope | 400,000 | 1,495,857 | 0.03% |
| Nigel Friend | 1,000,000 | 1,983,333 | 0.04% |
| Russel Swarts | 600,000 | 1,200,000 | 0.02% |
Capitalised terms not defined in this announcement have the meaning given to them in the Launch Announcement.
| a. | Name | Lorna Blaisse |
| 2 | Reason for notification | |
| a. | Position/Status | Chief Executive Officer |
| b. | Initial notification/ Amendment | Initial |
| a. | Name | Helium One Global Limited |
| b. | LEI | 213800J96OENDQKNQZ60 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of nil par value each ISIN: VGG4392T1075 |
| b. | Nature of the transaction | Subscription for ordinary shares |
| c. | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 0.50p | 1,000,000 | |
| d. | Aggregated information - Aggregated Volume - Price | N/A |
| f. | Place of the transaction | AIMX |
| | ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Graham Jacobs |
| 2 | Reason for notification | |
| a. | Position/Status | Finance and Comercial Director |
| b. | Initial notification/ Amendment | Initial |
| a. | Name | Helium One Global Limited |
| b. | LEI | 213800J96OENDQKNQZ60 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of nil par value each ISIN: VGG4392T1075 |
| b. | Nature of the transaction | Subscription for ordinary shares |
| c. | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 0.50p | 1,000,000 | |
| d. | Aggregated information - Aggregated Volume - Price | N/A |
| f. | Place of the transaction | AIMX |
| | ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | James Smith |
| 2 | Reason for notification | |
| a. | Position/Status | Non-Executive Chairman |
| b. | Initial notification/ Amendment | Initial |
| a. | Name | Helium One Global Limited |
| b. | LEI | 213800J96OENDQKNQZ60 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of nil par value each ISIN: VGG4392T1075 |
| b. | Nature of the transaction | Subscription for ordinary shares |
| c. | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 0.50p | 1,000,000 | |
| d. | Aggregated information - Aggregated Volume - Price | N/A |
| f. | Place of the transaction | AIMX |
| | ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Sarah Cope |
| 2 | Reason for notification | |
| a. | Position/Status | Senior Independent Non-Executive Director |
| b. | Initial notification/ Amendment | Initial |
| a. | Name | Helium One Global Limited |
| b. | LEI | 213800J96OENDQKNQZ60 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of nil par value each ISIN: VGG4392T1075 |
| b. | Nature of the transaction | Subscription for ordinary shares |
| c. | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 0.50p | 400,000 | |
| d. | Aggregated information - Aggregated Volume - Price | N/A |
| f. | Place of the transaction | AIMX |
| | ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Nigel Friend |
| 2 | Reason for notification | |
| a. | Position/Status | Non-Executive Director |
| b. | Initial notification/ Amendment | Initial |
| a. | Name | Helium One Global Limited |
| b. | LEI | 213800J96OENDQKNQZ60 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of nil par value each ISIN: VGG4392T1075 |
| b. | Nature of the transaction | Subscription for ordinary shares |
| c. | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 0.50p | 1,000,000 | |
| d. | Aggregated information - Aggregated Volume - Price | N/A |
| f. | Place of the transaction | AIMX |
| | ||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |
| a. | Name | Russel Swarts |
| 2 | Reason for notification | |
| a. | Position/Status | Non-Executive Director |
| b. | Initial notification/ Amendment | Initial |
| a. | Name | Helium One Global Limited |
| b. | LEI | 213800J96OENDQKNQZ60 |
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of nil par value each ISIN: VGG4392T1075 |
| b. | Nature of the transaction | Subscription for ordinary shares |
| c. | Price(s) and volume(s) | |
| Price(s) | Volume(s) | |
| 0.50p | 600,000 | |
| d. | Aggregated information - Aggregated Volume - Price | N/A |
| f. | Place of the transaction | AIMX |
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