Helium One Global Ltd has established an employee benefit trust as an incentive plan for its current and future management.
TVRs
The company will issue and allot 296,138,418 ordinary shares to the trust at nil par value, equal to approximately 5% of its issued share capital at the date of grant.
The trust will hold the shares until transfer upon the vesting or exercise of granted awards as well as for recruitment, retention and incentivisation of employees.
The remuneration committee and the trustees of the trust will approve the issue of awards.
Following admission, Helium One’s issued share capital will comprise 6,218,906,777 ordinary shares with voting rights.
The company’s assets are the flagship Rukwa project in western Tanzania and the Galactica-Pegasus joint venture in Colorado, USA.