THE
INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE
COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
ARTICLE 7 OF THE EU REGULATION 596/2014 AS IT FORMS PART OF THE UK
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018
("MAR").
20 March 2024
ATOME PLC
("ATOME", "the
Company", or "the Group")
Further
Subscription
Total Voting
Rights
ATOME (AIM: ATOM), the only
international green fertiliser project development company on
the London Stock Exchange, announces a
further subscription of new ordinary shares.
In the announcement made by the
Company on 19 February in relation to a Placing and Subscription
for new shares in the Company at a price of 50p, the Company
indicated that any shareholder who had any questions should contact
the Company. Subsequent to that, a longstanding supportive
institutional investor has been in contact with a request for a
further subscription in ATOME.
Accordingly, the Company is pleased
to announce it has arranged a subscription at the institutional
investors request for 1,000,000 new Ordinary Shares in the Company
at the said price of 50p per share to raise an additional £500,000
("Subscription Shares"). The monies will provide further working
capital as ATOME grows and develops its world leading major green
fertiliser production projects the first of which being the 145MW
facility in Villeta, Paraguay.
The subscription is not a qualifying
investment for EIS/VCT purposes. There is no intention to issue
further shares at the said price.
Application will be made for the
Subscription Shares, which will rank pari passu with all existing
ordinary shares, to be admitted to trading on AIM
("Admission"). Admission is expected on or around 25 March
2024.
Further to Admission, and in
conformity with the Disclosure Guidance and Transparency Rules of
the Financial Conduct Authority, the Company's issued share capital
will consist of 44,923,186 ordinary shares of 0.2p each with voting
rights, none of which were held in Treasury.
For more
information, please visit https://www.atomeplc.com
or
contact:
|
ATOME PLC
Nikita Levine,
Investor Relations
|
+44 (0) 113 337 2210
info@atomeplc.com
|
|
Beaumont Cornish (Nominated Adviser)
Roland Cornish, Michael Cornish
|
+44 (0) 20 7628 3396
|
|
SP
Angel (Joint Broker)
Richard
Hail, Caroline Rowe, Harry
Davies-Ball
|
+44 (0) 20 3490 0470
|
|
Cavendish Capital Markets Limited (Broker)
Simon Hicks, George Dollemore
|
+44 (0) 20 7220 0500
|
|
Tavistock (Financial PR and IR)
Simon Hudson, Rebecca Hislaire, Saskia Sizen
|
+44 (0) 20 7920 3150
atome@tavistock.co.uk
|
Beaumont
Cornish Limited ("Beaumont Cornish") is the Company's Nominated
Adviser and is authorised and regulated by the FCA. Beaumont
Cornish's responsibilities as the Company's Nominated Adviser,
including a responsibility to advise and guide the Company on its
responsibilities under the AIM Rules for Companies and AIM Rules
for Nominated Advisers, are owed solely to the London Stock
Exchange. Beaumont Cornish is not acting for and will not be
responsible to any other persons for providing protections afforded
to customers of Beaumont Cornish nor for advising them in relation
to the proposed arrangements described in this announcement or any
matter referred to in it.
About
ATOME
ATOME PLC is an AIM listed company
targeting green fertiliser production with 445-megawatt of projects
in Paraguay and a further pipeline of potential projects in Central
America.
Since its admission to AIM in
December 2021 ATOME signed a 145MW power purchase agreement with
ANDE, the state energy company in Paraguay for acquired 30 hectares
of land in Villeta, Paraguay for that facility, mandated Natixis
Corporate & Investment Banking and the multilateral IDB Invest
to lead the project funding and with Front End Engineering and
Design studies currently underway with the international companies
Urbas and Casale. ANDE has also allocated a further 300MW for
ATOME's second project subject to
studies.
In Costa
Rica, The National Ammonia Corporation S.A. has been formed
to develop green fertiliser projects for the region. As well as
straddling the Pacific and Atlantic Oceans, Costa Rica is a
democratic Central American country. In agriculture, Costa Rica is
the second largest supplier of pineapples in the world and is in
the top ten banana growers.
ATOME is in the process of
operational planning, sourcing and negotiations with green
electricity suppliers, equipment providers and offtake partners,
including signed memoranda of understanding and cooperation
agreements in place with key parties, to produce green fertiliser
at an industrial scale using electricity generated from
hydroelectric power in Paraguay and Costa Rica. All chosen sites
are located close to the power and water sources and export
facilities to serve significant domestic and then international
demand.
The Company has a green-focused
Board which is supported by major shareholders including Peter
Levine, Schroders, a leading fund manager, and since May 2023,
Baker Hughes, a global energy technology company operating in the
energy and industry sectors.
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