Notice of Conversion of Advance
Company converts £1.725m advance into 410.7m new shares at 0.42p per share.
- Conversion amount £1,725,000
- Conversion price 0.42p per share
- New shares issued 410,714,286
- Total issued shares after admission 7,014,526,636
- Discount to closing mid-price 10.6%
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Further to the approval of the Investment Agreement dated 18 July 2025 by shareholders at a General Meeting held on 6 August 2025, the Company has received conversion notices totalling £1,725,000 from the Investors.
Pursuant to the terms of the Investment Agreement, the conversion price has been calculated at 0.42p and this represents a discount of approximately 10.6% to the closing mid-price of the Company's existing Ordinary Shares on 28 August 2025. This will result in the allotment of 410,714,286 new Ordinary Shares.
Admission and Total Voting Rights
Applications have been made for the new ordinary shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on 3 September 2025.
Upon Admission, the Company's issued ordinary share capital will consist of 7,014,526,636 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 7,014,526,636. With effect from Admission, this figure may be used by Shareholders in the Company as the denominator for the calculations 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 FCA's Disclosure Guidance and Transparency Rules.
| Helium One Global Ltd | +44 20 7920 3150 |
| Lorna Blaisse, CEO Graham Jacobs, Finance and Commercial Director | |
| Panmure Liberum Limited (Nominated Adviser and Joint Broker) Scott Mathieson Nikhil Varghese | +44 20 3100 2000 |
| Zeus Capital Limited (Joint Broker) Simon Johnson Louisa Waddell | +44 20 3829 5000 |
| Tavistock (Financial PR) Nick Elwes Tara Vivian-Neal | +44 20 7920 3150 |
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