Retail Offer

In brief · summary, not quotable

Helix Exploration PLC is conducting a conditional retail offer of new ordinary shares at 22 pence per share, a 15.4% discount to the previous day's closing price, alongside a placing to institutional investors. The company aims to raise funds for the acquisition of the Keyes Helium Complex, working capital, and an accelerated drilling campaign at the Rudyard field. The retail offer, with a minimum subscription of £250, is open to UK investors and is expected to close on July 3, 2026, with admission to AIM anticipated around July 7, 2026.

Full announcement

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Helix Exploration PLC (AIM: HEX, OTCQB: HEXFF), the US based helium producer, is pleased to announce a conditional retail offer of new ordinary shares in the capital of the Company ("Retail Offer Shares") via RetailBook (the "Retail Offer") at an issue price of 22 pence per new Ordinary Share (the "Issue Price"), being a discount of 15.4 per cent to the closing price of the Company's existing Ordinary Shares on 2 July 2026. The Company is also conducting a placing of new Ordinary Shares to institutional investors at the same Issue Price by way of an accelerated bookbuilding process (the "Placing", together with the Retail Offer, the "Fundraise") as announced by the Company earlier today. For the avoidance of doubt, the Retail Offer is not part of the Placing.

Highlights

Investors can take part through RetailBook's partner network of retail brokers, wealth managers and investment platforms, subject to such partners' participation. More information on RetailBook's partner network and how investors can participate in the Retail Offer can be found here: https://app.retailbook.com/offers/helix-exploration-plc
The Retail Offer is available to both existing shareholders and new investors
There is a minimum subscription of £250 per investor in the Retail Offer
No commission will be charged by RetailBook on applications to the Retail Offer

The Retail Offer is conditional on the new Ordinary Shares to be issued pursuant to the Retail Offer and the Placing being admitted to trading on AIM ("Admission"). Admission of the Retail Offer Shares is expected to take place at 8:00 a.m. on or around 7 July 2026.

The Retail Offer will not be completed without the Placing also being completed.

The Company will use the net proceeds from the Fundraise to fund the cash consideration and associated costs of the acquisition of the Keyes Helium Complex, working capital to operate and upgrade the Keyes Helium Complex, and the acceleration of an expansive drilling campaign at the Rudyard field to increase production.

Reason for the Retail Offer

The Retail Offer is open to eligible investors resident and physically located in the United Kingdom following release of this announcement. The Retail Offer is expected to close at 10 a.m. on 3 July 2026 and may close earlier at the discretion of the Company or if it is oversubscribed.

Investors can participate through RetailBook's partner network of investment platforms, retail brokers and wealth managers, subject to such partners' participation. More information on RetailBook's partner network can be found here: https://app.retailbook.com/offers/helix-exploration-plc.

Eligibility for the Retail Offer

Some partners may only accept applications from existing shareholders and/or existing customers.

There is a minimum subscription of £250 per investor. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges. Note, no commission will be charged to investors by RetailBook in connection with the Retail Offer.

It is a term of the Retail Offer that the aggregate value of the shares available for subscription at the Issue Price does not, unless further allocations are agreed by the Company at its discretion, exceed £1,600,000 (the "Maximum Subscription Amount"). The Maximum Subscription Amount may be increased at the sole and absolute discretion of the Company, subject to applicable law and regulation. Any such increase will be notified by way of an announcement through a Regulatory Information Service.

An investment in the Company will place capital at risk, including the risk that investors may lose their entire investment. The value of your investment in the Company and any income from it is not guaranteed and can go down as well as rise due to stock market and currency movements. When you sell your investment, you may get back less than the amount originally invested.

LinkedIn: https://www.linkedin.com/company/helixexploration

X: https://x.com/HelixExp

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Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.