The General Meeting of the Shareholders of Mendell Helium was held today at 10.00 a.m. (UK) at Arran House, Arran Road, Perth, Perthshire PH1 3DZ. The Company is pleased to confirm that all resolutions were duly passed.

 

The Company is also pleased to announce the completion of its acquisition of M3 Helium Corp.

 

Full details of the poll results at the General Meeting are set out below:

 

Resolution	For	Against	Discretion to Chairman	Withheld	Total
01	69,216,110	12,124	982,951	Nil	70,211,185
02	69,228,234	0	982,951	Nil	70,211,185
03	69,162,884	65,350	982,951	Nil	70,211,185
04	68,479,585	748,649	982,951	Nil	70,211,185
05	68,467,461	760,773	982,951	Nil	70,211,185
06	69,072,884	155,350	982,951	Nil	70,211,185
07	69,010,145	218,089	982,951	Nil	70,211,185

 

The number of shares in issue at 6:30 p.m. (UK) on 15 May 2026 was 235,758,064. The Company does not hold any shares in treasury.

 

Directorate Change

Following completion of the Acquisition, Paul Mendell has been appointed as Chief Technical Director of the Company with immediate effect.

 

Paul Mendell is an oil and gas producer and the co-founder of two UK-listed companies: Iofina, an AIM-listed iodine producer, and Highlands Natural Resources plc, now Chill Brands Group plc. He subsequently became chairman of the latter company. Mr Mendell has owned interests in more than 200 producing oil and gas wells in the US, which were subsequently acquired by larger firms including Anadarko, EnCana, Noble, Oxy and others. He is a self-educated geologist and well-respected developer of new concepts in exploration for oil, gas, iodine and other commodities. Mr Mendell also founded Mendell Energy, a Denver-based independent oil and gas producer, acquired for $12 million in 2012.

 

The following information is disclosed in respect of Paul Ethan Mendell (age 60) pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook. All information is as at the date of this announcement.

 

Current Directorships / Partnerships:	Past Directorships / Partnerships (within the last five years):
M3 Helium Corp. Mendell Digital LLC Wise Old Mouse LLC Mendell Farmlands Washington, LLC Mendell Farmlands LLC Tall Grass Investments, Inc Onza Corp.	Heartlands Industries Limited (previously Gasrock Limited) Noble Analytical Laboratory LLC Mendell Finisterre III LLC Mendell Finisterre IV LLC Mendell Energy Management Inc Mendell Finisterre II LLC Mendell Finisterre LLC Mendell Finisterre I LLC Mendell Energy LLC Mendell – Davis Gas Partners LLC MicroDose Ltd. Mendell Energy Technologies, Inc

 

Following Admission (as defined below) Paul Mendell will hold 31,684,954 ordinary shares in the Company, representing 9.37 per cent. of the Company’s issued share capital following Admission.

 

There is no further information which is required to be disclosed pursuant to Rule 4.9 of the AQSE Growth Market Access Rulebook in respect of Paul Mendell.

 

Related Party Transaction

Paul Mendell, who has been appointed to the Board as a Director following completion of the Acquisition, held 16,777,700 shares in M3 Helium (the “M3 Helium Sale Shares”). Under the terms of the Acquisition, the Company acquired the M3 Helium Sale Shares from Paul Mendell in consideration for the issue to him of 21,683,219 new ordinary shares in the Company.

 

By virtue of his interest in the Acquisition and his appointment to the Board, Paul Mendell is considered to be a related party of the Company, and the acquisition of the M3 Helium Sale Shares from him therefore constitutes a related party transaction for the purposes of Rule 4.6 of the AQSE Growth Market Access Rulebook (the “Transaction”).

 

The Directors of the Company independent of the Transaction, being Nick Tulloch, Eric Boyle and John Brown, consider that, having exercised reasonable care, skill and diligence, the Transaction is fair and reasonable insofar as the Company’s shareholders are concerned.

 

Issue of Equity

Following shareholder approval at the General Meeting, the Company has issued 102,428,874 new ordinary shares (being the aggregate of the Second Tranche Shares, the Fee Shares and the Acquisition Shares). The Company has also issued 10,881,861 warrants to advisers in connection with the Fundraise.

 

Admission

Application has been made for the 102,428,874 new ordinary shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market. Admission is expected to occur at 8:00 a.m. on or around 19 May 2026.

 

Total voting rights

Following Admission, the Company’s enlarged share capital will comprise 338,186,938 ordinary shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 338,186,938. 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.

 

Unless otherwise defined, all capitalised terms used but not defined in this announcement shall have the meaning given to them in the circular published by the Company on 1 May 2026.

 

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/link/PKa6Ve

 

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
Fortified Securities Guy Wheatley	Tel: +44 (0) 203 4117773
OAK Securities Jerry Keen / Calvin Man	Tel:  +44 (0) 20 3973 3678
AlbR Capital Limited Gavin Burnell / Colin Rowbury / Jon Belliss	Tel: +44 (0) 207 4690930
Brand Communications (Public & Investor Relations) Alan Green	Tel: +44 (0) 7976 431608