REG - ATOME Energy PLC - Proposed Change of Name to ATOME PLC

AtomeAnnouncement

01/02/2024 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240201:nRSA6133Ba&default-theme=true

RNS Number : 6133B  ATOME Energy PLC  01 February 2024

1 February 2024

 

ATOME ENERGY PLC

("ATOME", "the Company", or "the Group")

 

Proposed Change of Name to ATOME PLC

 

 

ATOME Energy (AIM: ATOM), the only international green fertiliser project
development company on the London Stock Exchange, announces a proposed
change of name to ATOME PLC.

 

The Board has determined that the current name of the Company does not reflect
ATOME's current sole focus on industrial scale green fertiliser and a change
to "ATOME PLC" is appropriate and in any event is how the Company is referred
to both in the industry and media.

 

Accordingly, the Directors pursuant to the powers granted to them under the
Company's Articles of Association, have resolved to change the Company's name
accordingly and to submit the change to Companies House whereupon a further
announcement will be made shortly. The Company's London Stock Exchange ticker
(ATOM), ISIN and SEDOL will all remain unchanged.

 

 

For more information, please visit https://www.atomeplc.com
(https://www.atomeplc.com) or contact:

 

 ATOME Energy PLC                               +44 (0) 113 337 2210
 Nikita Levine, Investor Relations
info@atomeplc.com
 Beaumont Cornish (Nominated Adviser)           +44 (0) 20 7628 3396
 Roland Cornish, Michael Cornish
 Liberum (Joint Broker)                         +44 (0) 20 3100 2000
 Scott Mathieson
 SP Angel (Joint Broker)                        +44 (0) 20 3490 0470
 Richard Hail, Harry Davies-Ball
 Cavendish Capital Markets Limited (Broker)     +44 (0) 20 7220 0500
 Simon Hicks, George Dollemore
 Tavistock (Financial PR and IR)                +44 (0) 20 7920 3150
 Simon Hudson, Rebecca Hislaire, Saskia Sizen   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.

 

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon publication of this announcement, this inside information is
now considered to be in the public domain. The person who arranged for the
release of this announcement on behalf of the Company was Peter Levine,
Chairman.

 

About ATOME

ATOME Energy PLC is an AIM listed company targeting green fertiliser
production with 445-megawatt of projects in Paraguay and a further project 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. was formed by ATOME in
2022 with local partner Cavendish S.A. based in Costa Rica 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, Trafigura, one of the world's leading commodity and
logistics company, and Schroders, a leading fund manager, and since May 2023,
Baker Hughes, a global energy technology company operating in the energy and
industry sectors.

 

-ends-

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDQKDBNDBKBBDN