Grant of Options
Helix Exploration PLC has granted share options over 8,550,000 ordinary shares at an exercise price of £0.22 to Directors and a consultant, aligning with its management incentive strategy and recognising recent achievements. The Chief Executive Officer received 2,750,000 options, the Chief Financial Officer received 1,100,000 options, Non-Executive Directors received a combined 750,000 options, the Non-Executive Chairman received 2,750,000 options, and consultants received a total of 1,200,000 options. Vesting schedules vary, with some options vesting immediately and others over time or contingent on share price performance, with all options expiring on 16 July 2031.
Select text to share a quote on X · sign in to keep highlights & notes in your HEX notes
Helix Exploration (AIM: HEX, OTCQB: HEXFF), the US based helium producer, announces the grant of share options over 8,550,000 ordinary shares of 1 pence each ("Ordinary Shares") to Directors and a consultant, as set out below, in line with the Company's management incentive strategy and to recognise the milestones that the Company has achieved in the previous 18 months. The grants remain in line with the Company's share option plan implemented at IPO.
Schedule of Options
| DIRECTOR/PDMR | ROLE | DATE OF GRANT | NO. OPTIONS | EXERCISE PRICE | VESTING | EXPIRY DATE |
|---|---|---|---|---|---|---|
| Bo Sears | Chief Executive Officer | 17 July 2026 | 2,750,000 | £0.22 | Note 1 | 16 July 2031 |
| Ryan Neates | Chief Financial Officer | 17 July 2026 | 1,100,000 | £0.22 | Note 2 | 16 July 2031 |
| Gregg Peters | Non-Executive Director | 17 July 2026 | 750,000 | £0.22 | Note 1 | 16 July 2031 |
| Keith Spickelmier | Non-Executive Chairman | 17 July 2026 | 2,750,000 | £0.22 | Note 1 | 16 July 2031 |
| CONSULTANTS | ||||||
| Consultant | Business Development | 17 July 2026 | 200,000 | £0.22 | Note 1 | 16 July 2031 |
| Consultant | Business Development | 17 July 2026 | 1,000,000 | £0.22 | Note 3 | 16 July 2031 |
Notes
Note 1: 50% of these options vest on the grant date and 50% vest on the first anniversary of grant.
Note 2: Vest on grant date.
Note 3: These options vest in line with the following share price hurdles:
- 333,333 - Share price trading above £0.35 for 20 consecutive days
- 333,333 - Share price trading above £0.45 for 20 consecutive days
- 333,334 - Share price trading above £0.55 for 20 consecutive days
LinkedIn: https://www.linkedin.com/company/helixexploration
X: https://x.com/HelixExp
Subscribe to our news alert service: https://helixexploration.com/investors/regulatory-news-alerts/
APPENDIX
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a. | Name | Bo Sears | ||||
| 2 | Reason for notification | |||||
| a. | Position/Status | Chief Executive Officer | ||||
| b. | Initial notification/ Amendment | Initial | ||||
| a. | Name | HELIX EXPLORATION PLC | ||||
| b. | LEI | 213800WGIUCDVNLJ9G76 | ||||
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of 1p each ISIN: GB00BPK66X70 | ||||
| b. | Nature of the transaction | Grant of Options | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information - Aggregated Volume - Price | As above | ||||
| f. | Place of the transaction | Off market | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a. | Name | Ryan Neates | ||||
| 2 | Reason for notification | |||||
| a. | Position/Status | Chief Financial Officer | ||||
| b. | Initial notification/ Amendment | Initial | ||||
| a. | Name | HELIX EXPLORATION PLC | ||||
| b. | LEI | 213800WGIUCDVNLJ9G76 | ||||
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of 1p each ISIN: GB00BPK66X70 | ||||
| b. | Nature of the transaction | Grant of Options | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information - Aggregated Volume - Price | As above | ||||
| f. | Place of the transaction | Off market | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a. | Name | Gregg Peters | ||||
| 2 | Reason for notification | |||||
| a. | Position/Status | Non-Executive Director | ||||
| b. | Initial notification/ Amendment | Initial | ||||
| a. | Name | HELIX EXPLORATION PLC | ||||
| b. | LEI | 213800WGIUCDVNLJ9G76 | ||||
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of 1p each ISIN: GB00BPK66X70 | ||||
| b. | Nature of the transaction | Grant of Options | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information - Aggregated Volume - Price | As above | ||||
| f. | Place of the transaction | Off market | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a. | Name | Keith Spickelmier | ||||
| 2 | Reason for notification | |||||
| a. | Position/Status | Non-Executive Chairman | ||||
| b. | Initial notification/ Amendment | Initial | ||||
| a. | Name | HELIX EXPLORATION PLC | ||||
| b. | LEI | 213800WGIUCDVNLJ9G76 | ||||
| a. | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of 1p each ISIN: GB00BPK66X70 | ||||
| b. | Nature of the transaction | Grant of Options | ||||
| c. | Price(s) and volume(s) |
| ||||
| d. | Aggregated information - Aggregated Volume - Price | As above | ||||
| f. | Place of the transaction | Off market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.