Mendell Helium announces that the Company has received notice to convert a total face value of £10,000 convertible loan notes (the “CLNs”) resulting in the issue of 350,000 new ordinary shares in the Company (the “New Ordinary Shares”) (“Conversion”).
In accordance with the terms of the CLNs, which were announced on 9 December 2025, the conversion price of the CLNs is 3 pence. The New Ordinary Shares issued also reflect the 5% fee due on Conversion (which is itself payable through the issue of New Ordinary Shares). Following Conversion, the Company has CLNs with a face value of £290,000 outstanding.
Admission
Application will be made for the 350,000 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 a.m. on or around 6 January 2026. The New Ordinary Shares will rank pari passu with the existing ordinary shares.
Total Voting Rights
Following Admission, the Company’s enlarged share capital will comprise 123,607,973 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 123,607,973. 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:
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Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website
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Mendell Helium plc Nick Tulloch, CEO
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Via our website investors@mendellhelium.com |
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Cairn Financial Advisers LLP (AQSE Corporate Adviser) Ludovico Lazzaretti / Liam Murray
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Tel: +44 (0) 20 7213 0880 |
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SI Capital Limited (Broker) Nick Emerson |
Tel: +44 (0) 1483 413500 |
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Stanford Capital Partners Ltd (Broker) Patrick Claridge/Bob Pountney
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Tel: +44 (0) 203 3650 3650/51
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Fortified Securities Guy Wheatley
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Tel: +44 (0) 203 4117773
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AlbR Capital Limited Gavin Burnell, Colin Rowbury, Jon Belliss
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Tel: +44 (0) 207 4690930 |
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Brand Communications (Public & Investor Relations) Alan Green
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Tel: +44 (0) 7976 431608 |