Helium One Global Ld (AIM:HE1) Board Appointment and Block Admission Application

Helium One Global (AIM: HE1), the primary helium explorer in Tanzania today is pleased to announce the appointment of Graham Jacobs to the Board as a Director of Helium One with immediate effect.

Graham has been working with the team since January 2022 and was appointed Financial and Commercial Director on 4 August 2023.

Graham is an experienced financial and commercial executive with over 30 years of experience in the natural resources sector.  He has extensive expertise in the oil and gas industry having held a number of senior positions at Dragon Oil plc, PanOcean Energy, Addax Energy and Oryx Petroleum, and was also Head of Commercial at Tanzanian focussed Orca Energy.

James Smith, Chairman of Helium One, commented:

“We are delighted to welcome Graham to the Board of Helium One and look forward to utilising his expertise and continuing to work with him during this very exciting period of the Company’s development.”

Block Admission Application

The Company also provides notification provides notification that a new block admission application (the “New Block Admission Application”) has been made to the London Stock Exchange, for the admission to trading on AIM of 45,022,104 ordinary shares of no par value each in the capital of the Company (the “New Ordinary Shares”).

The New Ordinary Shares will be issued from time to time in order to satisfy certain options and warrants issued to the Company’s directors, management, staff and other various stakeholders, as set out in Section 5 of Part VI in the Company’s AIM Admission Document dated 13 November 2020, and the Company’s announcement titled “Award of Management Options” on 15 June 2021 and on 16 February 2022, respectively. The exercise prices for the outstanding options and warrants, in relation to the New Ordinary Shares, range from 2.84p to 23.67p. It is expected that admission will become effective on 22 September 2023.

When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of no par value each in the capital of the Company.

For further information please visit the Company’s website: www.helium-one.com   

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