Issue of Awards under the Company’s LTIP
Helium One Global Ltd announced the grant of 94,378,108 nil cost share awards under its Long Term Incentive Plan to key management and Executive Directors, with vesting no earlier than three years from the grant date. Specifically, CEO Lorna Blaisse received 27,500,000 awards, Finance Director Graham Jacobs received 20,625,000 awards, and Head of Compliance and Governance Sarah Cope received 9,166,667 awards. These awards, representing 0.93% of the company's issued share capital, will be satisfied by shares from the Helium One Employee Benefit Trust.
Select text to share a quote on X · sign in to keep highlights & notes in your HE1 notes
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 announce that the Board has approved a grant of nil cost share awards to its key management and Executive Directors under the Company's Long Term Incentive Plan (LTIP).
The awards under the LTIP comprise a total of 94,378,108 nil cost awards over ordinary shares ("Awards") in the Company which will vest no earlier than three years from the date of grant.
The following Awards have been granted to the Executive Directors:
| Director | Number of Awards |
|---|---|
| Lorna Blaisse (CEO) | 27,500,000 |
| Graham Jacobs (FD) | 20,625,000 |
| Sarah Cope (Head of Compliance and Governance) | 9,166,667 |
In addition to the Awards detailed above, the Executive Directors have in previous years been granted the following options to acquire Ordinary Shares in the Company:
| Director | No. of options | Exercise Price Pence |
|---|---|---|
| Lorna Blaisse | 3,000,000 | 10p |
| 250,000 | 22p | |
| 5,000,000 | 6.25p | |
| 5,000,000 | 6.6p | |
| 55,000,000 | 1p | |
| Graham Jacobs | 8,000,000 | 6.6p |
| 40,000,000 | 1p | |
| Sarah Cope | 3,000,000 | 22p |
| 2,000,000 | 6.6p | |
| 20,000,000 | 1p |
In addition to the 94,378,108 Awards, representing 0.93% of the Company's issued share capital, there are 317,899,997 options and warrants over ordinary shares in the Company, representing 3.13% of the Company's issued share capital. It is intended that on vesting, the Awards will be satisfied by the transfer of shares from the Helium One Employee Benefit Trust which was established in 2025 for that purpose.
The FCA notification in relation to the above and made in accordance with the requirements of the UK Market Abuse Regulation is appended below.
| a. | Name | 1) Lorna Blaisse 2) Graham Jacobs 3) Sarah Cope |
| 2 | Reason for notification | |
| a. | Position/Status | 1) Chief Executive Officer 2) Finance and Commercial Director 3) Head of Governance and Compliance |
| b. | Initial notification/ Amendment | Initial notification |
| 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 | Conditional award of ordinary shares via a LTIP |
| c. | Price(s) and volume(s) | |
| Price | Volume | |
| 1) | 0p | 27,500,000 |
| 2) | 0p | 20,625,000 |
| 3) | 0p | 9,166,667 |
| d. | Aggregated information - Aggregated Volume - Price | N/A |
| f. | Place of the transaction | Off market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.