Director/PDMR Shareholding
Mendell Helium plc announced that Chief Executive Officer Nick Tulloch acquired 8,683,117 warrants for 1 pence each, totaling £86,831.17. These warrants include 7,364,500 exercisable at 3 pence until April 13, 2027, and 1,318,617 exercisable at 6 pence until July 19, 2026. Following this acquisition, Mr. Tulloch's holdings now comprise 4,823,983 ordinary shares, representing 4.15% of the issued share capital, and a total of 10,021,087 warrants and share options.
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Mendell Helium announces that Nick Tulloch, Chief Executive Officer, has acquired an aggregate of 8,683,117 warrants ("Warrants") in the Company. Each Warrant may be exercised to subscribe for one new ordinary share in Mendell Helium.
The warrants acquired by Mr Tulloch are as follows:
| No. of Warrants | Exercise price | Expiry date |
| 7,364,500 | 3 pence | 13 April 2027 |
| 1,318,617 | 6 pence | 19 July 2026 |
The Warrants were acquired for 1 pence each (£86,831.17 in aggregate).
Following the acquisition, Mr Tulloch's holding in the Company comprises 4,823,9831 ordinary shares (representing 4.15% of the issued share capital) and an aggregate of 10,021,087 warrants and share options.
| Mendell Helium plc Nick Tulloch, CEO | Via our website investors@mendellhelium.com |
| Cairn Financial Advisers LLP (AQSE Corporate Adviser) Ludovico Lazzaretti / Liam Murray | Tel: +44 (0) 20 7213 0880 |
| SI Capital Limited (Broker) Nick Emerson | Tel: +44 (0) 1483 413500 |
| Stanford Capital Partners Ltd (Broker) Patrick Claridge/ Bob Pountney | Tel: +44 (0) 203 3650 3650/51 |
| Fortified Securities Guy Wheatley | Tel: +44 (0) 203 4117773 |
| Brand Communications ( Public & Investor Relations) Alan Green | Tel: +44 (0) 7976 431608 |
Overview of M3 Helium
Mendell Helium announced on 27 June 2024 that it has entered into an option agreement to acquire the entire issued share capital of M3 Helium through the issue of 57,611,552 new ordinary shares in Mendell Helium to M3 Helium's shareholders. The exercise of the option will constitute a reverse takeover pursuant to AQSE Rule 3.6 of the Access Rule Book and is subject to, inter alia, publication of an admission document.
M3 Helium's flagship well, Rost 1-26, is in Fort Dodge, just to the east of Dodge City, Kansas. It has been tested as containing 5.1% helium composition and a drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per day. M3 Helium owns a mobile Pressure Swing Adsorption production plant which has been installed on site and will be used to purify the produced helium. The plant is capable of processing up to 800 Mcf per day of raw gas and purifying it up to 99.999% helium although management believes on-site purification to around 75% will be more practical.
Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 5,000 barrels of water per day at 1,200 psi.
Production at Rost 1-26 commenced in early November 2025.
| 1 | Details of the persons discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | Nick Tulloch | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/Status | Chief Executive Officer | ||||||
| b) | Initial notification/ Amendment | Initial | ||||||
| a) | Name | Mendell Helium plc | ||||||
| b) | LEI | 213800XIUQ3AHRZ6UF89 | ||||||
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1 pence each GB00BLD3FF28 | ||||||
| b) | Nature of the transaction | Acquisition of warrants over new ordinary shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| d) | Aggregated information - Aggregated volume - Price | N/A | ||||||
| e) | Date of transaction | 10 November 2025 | ||||||
| f) | Place of transaction | AQSE |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.