PSU Issuance, Stock Option Exercise, TVR & PDMR
PSU conversions and stock option exercise resulted in issuance of 2.2m new shares; Neil Herbert retains 7.06% stake.
- New Shares issued from PSU conversions 2,066,000
- New Shares issued from option exercise 152,939
- Total new Shares for admission 2,218,939
- Neil Herbert's beneficial interest 12,906,898 Shares (7.06%)
- Total Shares post-Admission 182,927,658
- Cash proceeds from option exercise CAD 68,822
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THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.
| NEWS RELEASE | MARCH 27, 2026 | CASCAIS, PORTUGAL |
PULSAR ANNOUNCES PSU SHARE ISSUANCE, STOCK OPTION EXERCISE, TVR AND DIRECTOR/PDMR SHAREHOLDING
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) ("Pulsar" or the "Company"), a primary helium company, announces the issuance of new common shares ("Shares") to certain members of the Board and a senior employee pursuant to the conversion of Performance Share Units ("PSUs") under its Fixed Equity Incentive Plan (the "Equity Plan"), as approved by the TSX Venture Exchange on November 20, 2023, a stock option exercise and Director/PDMR dealings.
PSU Conversions
The new Shares were issued to two directors and a senior employee of the Company as follows:
- 200,000 new Shares were issued to a senior employee of the Company pursuant to the conversion of PSUs.
- Cambrian Limited, a company beneficially owned and controlled by Neil Herbert, Executive Chair of the Company, was issued 906,000 new Shares pursuant to the conversion of PSUs ("Cambrian PSU Conversion").
- Thomas Abraham-James, President and CEO of the Company, was issued 960,000 new Shares pursuant to the conversion of PSUs.
The PDMR notification forms below sets additional information.
Further details regarding Pulsar's Equity Plan are set out in the Company's Management Information Circular dated April 2, 2025, which is available on SEDAR+ at www.sedarplus.ca.
Stock Option Exercise
In addition, Pulsar notes on March 26, 2026, 152,939 stock options over new Shares (the "Option Exercise"), issued pursuant to the Company's shareholder and TSX Venture Exchange approved Stock Option Plan, were exercised by Cambrian Limited at an exercise price of CAD 0.45 per Share, and generated cash proceeds for the Company of CAD 68,822.
Director/PDMR Shareholding
The Company has been notified of the transfer of 892,827 Shares in the Company from Cambrian Limited to NH Family Office Limited. Both Cambrian Limited and NH Family Office Limited are beneficially owned and controlled by Neil Herbert to an equivalent extent.
In addition, the Company was notified of dispositions on March 24, 2026, and March 25, 2026, of in aggregate 1,058,939 Shares controlled by NH Family Office Limited (the "Disposition"). Following the Cambrian PSU Conversion, Option Exercise and the Disposition, Mr. Herbert's beneficial interest through Cambrian Limited and NH Family Office Limited in Pulsar remains unchanged. Accordingly, Neil Herbert, through Cambrian Limited and NH Family Office Limited, exercises control or direction over, directly or indirectly, 12,906,898 Shares, representing 7.06% of the Company's issued and outstanding Shares on Admission (as defined below).
Pulsar notes that Mr. Herbert is interested directly in 1,597,061 stock options under the Company's shareholder-approved Stock Option Plan, and 454,000 PSUs pursuant to the Company's shareholder approved Equity Plan.
The PDMR notification forms below sets additional information.
Admission and total voting rights
Application will be made to the London Stock Exchange for the admission of the 2,218,939 new Shares (comprising 2,066,000 new Shares being issued pursuant to the conversion of PSUs and 152,939 new Shares being issued pursuant to the Option Exercise) to trading on AIM ("Admission"), which will rank pari passu with existing Shares. Admission is expected to occur at 8.00 a.m. (BST) on or around April 1, 2026.
Following Admission, Pulsar will have 182,927,658 Shares issued and there are no shares held in treasury. This figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules and the Company's Articles.
On behalf of Pulsar Helium Inc.
"Thomas Abraham-James"
President, CEO and Director
Pulsar Helium Inc.
+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (United Kingdom)
Strand Hanson Limited
(Nominated & Financial Adviser, and Broker)
Ritchie Balmer / Rob Patrick
Yellow Jersey PR Limited
(Financial PR)
Charles Goodwin / Annabelle Wills
About Pulsar Helium Inc.
PDMR Notification Form:
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Cambrian Limited is a PCA of Neil Herbert, Executive Chairman and Director of the Company | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Executive Chairman and Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Pulsar Helium Inc. | ||||
| b) | LEI | 254900ZCNH1VXNBQY881 | ||||
| a) | Description of the Financial instrument, type of instrument | Common Shares of no par value | ||||
| Identification code | CA7459321039 | |||||
| b) | Nature of the Transaction | Shares issued pursuant to the conversion of performance share units | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) N/A 906,000 | ||||
| d) | Aggregated information Aggregated volume Price | N/A (single transaction) | ||||
| e) | Date of the transaction | March 26, 2026 | ||||
| f) | Place of the transaction | Outside trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Thomas Abraham-James | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Director, President & CEO | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Pulsar Helium Inc. | ||||
| b) | LEI | 254900ZCNH1VXNBQY881 | ||||
| a) | Description of the Financial instrument, type of instrument | Common Shares of no par value | ||||
| Identification code | CA7459321039 | |||||
| b) | Nature of the Transaction | Shares issued pursuant to the conversion of performance share units | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) N/A 960,000 | ||||
| d) | Aggregated information Aggregated volume Price | N/A (single transaction) | ||||
| e) | Date of the transaction | March 26, 2026 | ||||
| f) | Place of the transaction | Outside trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Cambrian Limited is a PCA of Neil Herbert, Executive Chairman and Director of the Company | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Executive Chairman and Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Pulsar Helium Inc. | ||||
| b) | LEI | 254900ZCNH1VXNBQY881 | ||||
| a) | Description of the Financial instrument, type of instrument | Common Shares of no par value | ||||
| Identification code | CA7459321039 | |||||
| b) | Nature of the Transaction | Exercise of options | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) CAD 0.45 152,939 | ||||
| d) | Aggregated information Aggregated volume Price | N/A (single transaction) | ||||
| e) | Date of the transaction | March 26, 2026 | ||||
| f) | Place of the transaction | Outside trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | NH Family Office Limited and Cambrian Limited is a PCA of Neil Herbert, Executive Chairman and Director of the Company | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Executive Chairman and Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Pulsar Helium Inc. | ||||
| b) | LEI | 254900ZCNH1VXNBQY881 | ||||
| a) | Description of the Financial instrument, type of instrument | Common Shares of no par value | ||||
| Identification code | CA7459321039 | |||||
| b) | Nature of the Transaction | Transfer of shares between two companies beneficially owned to the same extent | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 892,827 | ||||
| d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
| e) | Date of the transaction | March 24, 2026 | ||||
| f) | Place of the transaction | N/A outside trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | NH Family Office Limited is a PCA of Neil Herbert, Executive Chairman and Director of the Company | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Director | ||||
| b) | Initial notification/amendment | Initial notification | ||||
| a) | Name | Pulsar Helium Inc. | ||||
| b) | LEI | 254900ZCNH1VXNBQY881 | ||||
| a) | Description of the Financial instrument, type of instrument | Common Shares of no par value | ||||
| Identification code | CA7459321039 | |||||
| b) | Nature of the Transaction | Sale of Common Shares | ||||
| c) | Price(s) and volume(s) |
.91125 GBP 0.90000 CAD 1.644233 CAD 1.656984 CAD 1.626812 CAD 1.66439 CAD 1.691723 CAD 1.686099 CAD 1.708745 88,839 100,000 50,000 258,300 32,000 176,900 100,000 83,300 69,600 100,000 | ||||
| d) | Aggregated information | Volume (GBP trades): 238,839 Price (GBP): 0.901729012 per Share Volume (CAD trades): 820,100 Price (CAD): 1.6596737 per Share | ||||
| e) | Date of the transaction | March 24, 2026, and March 25, 2026 | ||||
| f) | Place of the transaction | London Stock Exchange: AIM & TSX Venture Exchange |
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