Issue of Equity and Total Voting Rights
Quantum Helium Limited is issuing 338,171,359 new ordinary shares at 0.0243 pence each to service providers in lieu of cash payments, aiming to conserve cash reserves. These new shares will rank pari passu with existing shares and are expected to be admitted to AIM on December 2, 2025. Following this issuance, the company's total voting rights will increase to 33,318,730,055 ordinary shares.
Select text to share a quote on X · sign in to keep highlights & notes in your QHE notes
Quantum Helium Ltd (AIM: QHE), advancing helium, hydrogen and hydrocarbon projects in the USA, announces the issue of new ordinary shares of no par value in Quantum (the "New Ordinary Shares") in respect of certain consultants' remuneration.
Quantum will issue 338,171,359 New Ordinary Shares to certain service providers in lieu of cash payments for services rendered, with the objective of conserving the Company's cash reserves.
The New Ordinary Shares will be issued at a price of 0.0243 pence per share, being the five-day volume weighted average price of Quantum shares on AIM immediately prior to the AGM on 10 November 2025, being the same price as the recent issue of shares to Directors of the Company.
Admission to AIM and Total Voting Rights
Application will shortly be made to the London Stock Exchange for the New Ordinary Shares, which will rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM, with dealings expected to commence at 8.00 a.m. on 2 December 2025.
Following the issue of the New Ordinary Shares, the Company's share and total voting rights will comprise 33,318,730,055 Ordinary Shares of no par value and the Company does not hold any shares in treasury
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.