Grant of Options
Helix Exploration PLC has granted share options over 5,500,000 ordinary shares to Directors and Board Observers as part of its management incentive strategy. Specifically, Non-Executive Director Robert Marshall received 1,500,000 options at £0.10 each, vesting after two years and contingent on the share price exceeding £0.40 for ten consecutive trading days. Chief Financial Officer Matthew Ciardiello was granted 1,000,000 options at £0.22 each, with 50% vesting immediately and the remainder vesting one year from the grant date. Two Board Observers each received 1,500,000 options at £0.10 each, subject to the same vesting conditions as Mr. Marshall. All options expire on October 1, 2031.
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Helix Exploration (AIM: HEX, OTCQB: HEXFF), the US-focused helium producer and liquefier, announces the grant of share options over 5,500,000 ordinary shares of 1 pence each ("Ordinary Shares") to Directors and Board Observers, as set out below, in line with the Company's management incentive strategy. 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 |
|---|---|---|---|---|---|---|
| Robert Marshall | Non-Executive Director | 1 October 2026 | 1,500,000 | £0.10 | Note 1 | 1 October 2031 |
| Matthew Ciardiello | Chief Financial Officer, Director | 1 October 2026 | 1,000,000 | £0.22 | Note 2 | 1 October 2031 |
| Board Observer | Board Observer | 1 October 2026 | 1,500,000 | £0.10 | Note 1 | 1 October 2031 |
| Board Observer | Board Observer | 1 October 2026 | 1,500,000 | £0.10 | Note 1 | 1 October 2031 |
Note 1:
- Options shall vest after two years from 7 July 2026 (being the admission date of the Placing Shares, Retail Offer Shares, Consideration Shares and TSD Consideration Shares as defined in the 2 July 2026 announcement)
- Options shall vest only once the Company's share price trades above £0.40 for 10 consecutive trading days
Note 2:
- 50% shall vest immediately
- 50% shall vest on the 1-year anniversary of grant date
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APPENDIX
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a. | Name | Robert Marshall | ||||
| 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 | Matthew Ciardiello | ||||
| 2 | Reason for notification | |||||
| a. | Position/Status | Chief Financial Officer, 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 |
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