Result of Oversubscribed WRAP Retail Offer
Helium One Global Ltd has successfully raised £1.5 million through an oversubscribed WRAP Retail Offer, issuing 250,000,000 new Ordinary Shares at 0.6 pence per share, with total gross proceeds from the Subscription and Retail Offer reaching approximately £5 million. Applications have been made for these new shares, along with the Subscription shares, to be admitted to trading on AIM, expected on or around 31 March 2026. Upon admission, the Company's total issued ordinary share capital will be 10,155,492,215 Ordinary Shares, all carrying one voting right each.
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Helium One Global (AIM: HE1), the primary helium explorer in Tanzania with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA ("the Galactica Project"), is pleased to confirm, further to the announcements made on 26 March 2026, the result of its Fundraise at the Issue Price of 0.6 pence per share. The Retail Offer was oversubscribed, demonstrating strong support from the Company's retail shareholder base. As a result, in accordance with the terms of the Retail Offer, the Company has decided to increase the size of the offer to partially accommodate some of this excess demand. The Company announces that it has raised aggregate gross proceeds of £1.5 million pursuant to the Retail Offer, alongside the previously announced Subscription. Accordingly, the Company will issue a total of 250,000,000 new Ordinary Shares at the Issue Price pursuant to the Retail Offer.
In total, the Subscription and the Retail Offer have raised gross proceeds of approximately £5 million for the Company, via the Subscription of 583,333,334 Fundraise Shares and the 250,000,000 Retail Offer Shares.
Admission and Total Voting Rights
Applications have been made for the Fundraise Shares and the Retail Offer Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective on or around 8 am on 31 March 2026.
Upon Admission, the Company's issued ordinary share capital will consist of 10,155,492,215 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 10,155,492,215. 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.
The new Ordinary Shares to be issued pursuant to the Retail Offer will be issued free of all liens, charges and encumbrances and will, on Admission, rank pari passu in all respects with the new Ordinary Shares to be issued pursuant to the Subscription and the Company's existing Ordinary Shares.
Terms used but not defined in this announcement have the same meaning as set out in the Company's announcement released at 7.05 am on 26 March 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.