Quantum Helium Limited (AIM: QHE) said shareholders have approved its proposed share consolidation at an extraordinary general meeting.
The AIM-listed helium, hydrogen and hydrocarbon exploration and production company said 93% of proxy votes were cast in favour of consolidating its share capital.
The consolidation will take effect on July 3, 2026, on the basis of one new ordinary share for every 100 existing ordinary shares held.
Share Consolidation Timetable
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Following the consolidation, Quantum Helium’s issued share capital will reduce from 49,985,396,722 ordinary shares to 499,853,967 ordinary shares.
Admission of the consolidated shares to trading on AIM is expected at 8.00 a.m. London time on July 3.
The record date for the consolidation is July 2, while CREST accounts are expected to be credited on July 3. Replacement share certificates are due to be despatched no later than July 17.
Following admission, Quantum Helium’s issued share capital will comprise 499,853,967 ordinary shares, each carrying one voting right. The company said it does not hold any ordinary shares in treasury.
Accordingly, the total number of voting rights in the company will be 499,853,967.
