Mendell Helium announces that, in accordance with his share-based remuneration arrangements announced on 23 June 2025, Nick Tulloch, Chief Executive Officer, will receive 710,541 new Ordinary Shares (“New Shares”), as payment in lieu of £22,500 of accrued remuneration for the period from 1 July 2025 to 30 September 2025. The New Shares will be issued at a price of 3.1666 pence per share, being the volume weighted average price of the Company’s ordinary shares over the 14 calendar days to 30 September 2025.
Following this issuance, the total number of Ordinary Shares that will be held following Admission by Nick Tulloch, a Person Discharging Managerial Responsibility (“PDMR”), is as follows:
| Name | New Ordinary Shares to be issued | Total Ordinary Shares held in the Company following Admission | As a percentage of the Company’s enlarged issued ordinary share capital following Admission |
| Nick Tulloch | 710,541 | 4,823,9831 | 4.15% |
1Including shares held by his spouse and Fetlar Capital, a company controlled by Nick Tulloch and his spouse.
Additional Issue of Equity
The Company has agreed to issue and allot 189,477 New Shares as payment in lieu of approximately £6,000 of accrued fees owed by the Company to a professional adviser. These New Shares will be issued at the same price of 3.1666 pence per share, being the volume-weighted average price over the 14 calendar days to 30 September 2025.
Admission
Application will be made for the 900,018 new Ordinary Shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market (“Admission”). Admission is expected to occur at 8:00 am on or around 27 October 2025. The New Shares will rank pari passu with the existing ordinary shares.
Total Voting Rights
Following Admission, the Company’s enlarged share capital will comprise 116,155,653 ordinary shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 116,155,653. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
ENDS
Engage with the Mendell Helium management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://mendellhelium.com/s/a6a55a
Enquiries:
| Investor questions on this announcement
We encourage all investors to share questions on this announcement via our investor website |
https://mendellhelium.com/s/a6a55a |
| 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
|