REG - ATOME Energy PLC - Additional Issue of Shares

AtomeAnnouncement

23/05/2023 14:45

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RNS Number : 3888A  ATOME Energy PLC  23 May 2023

THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE
OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION
OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF ATOME ENERGY PLC.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON
LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE,
PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT. NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA OR
JAPAN.

 

23 May 2023

ATOME ENERGY PLC

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

 

Additional Issue of New Ordinary Shares

 

ATOME Energy (AIM: ATOM), the only international green hydrogen and ammonia
project development company on the London Stock Exchange, with current focus
on the large-scale Villeta project in Latin America, as well as hydrogen
mobility projects, announces an additional issue of new ordinary shares.

 

As announced on 22 May, the Company has issued 2,526,316 new ordinary shares
("Subscription Shares") to Baker Hughes ("BH") at a price of £0.95 per share
("Subscription Price").

 

Following this announcement, the Company is pleased to announce that it has
now issued a further 1,776,317 ordinary shares ("Additional Shares") to
additional investors acceptable to the Company at the same Subscription Price
(£0.95 per share). SP Angel acted as broker on this additional fundraising.

 

In aggregate therefore, taking into account both Subscription Shares and the
Additional Shares, the Company is issuing 4,302,633 new ordinary shares ("New
Ordinary Shares"), raising gross proceeds approximately £4.1 million. The
gross proceeds arising from the issue of the New Ordinary Shares will used for
general working capital purposes.

 

Admission

Application will be made for the 4,302,633 New Ordinary Shares, which will
rank pari passu with the existing shares of the Company, to be admitted to
trading on AIM ("Admission") and it is expected that Admission will be
effective on or around 30 May 2023.

 

Further information

A copy of this announcement is available on the Company's website, at
https://www.atomeplc.com

For more information, please visit 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, Kane Collings
 SP Angel (Joint Broker)                           +44 (0) 20 3490 0470
 Richard Hail, Harry Davies-Ball
 finnCap (Joint Broker)                            +44 (0) 20 7220 0500
 Christopher Raggett, George Dollemore
 Tavistock (Financial PR and IR)                   +44 (0) 20 7920 3150
 Simon Hudson, Rebecca Hislaire, Charles Baister   atome@tavistock.co.uk

 

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. 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 hydrogen and ammonia
production with over 500-megawatt of projects in Paraguay, Iceland and Central
America.

 

Since its admission to AIM in December 2021 ATOME has signed its first
electrolyser purchase order for its hydrogen transport Mobility Division due
to start generating revenue in 2023 and signed a large scale 120MW power
purchase agreement with ANDE, the state energy company in Paraguay for
production of green hydrogen and ammonia targeted to start operations in 2025.
It has procured 30 hectares of land in Villeta, Paraguay for that facility,
mandated Natixis Corporate Investment Bank and the multilateral IDB Invest to
lead the project funding and the FEED study is currently underway with the
international companies Urbas and Casale.

 

In December 2022, ATOME entered into a joint venture with Cavendish, the
renewable energy arm of the substantial and well-established Purdy Group based
in Costa Rica and formed The National Ammonia Corporation S.A, which is owned
equally by ATOME and Cavendish.

 

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 use electricity generated from existing geothermal
sources in Iceland and 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.

 

 

IMPORTANT NOTICES

This Announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America. This Announcement is not
an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States, except pursuant to an applicable exemption from registration.
No public offering of securities is being made in the United States.

This Announcement and the information contained herein, is restricted and is
not for publication, release or distribution, directly or indirectly, in whole
or in part, in or into Australia, Canada, the Republic of South Africa, Japan
or any other jurisdiction in which such publication, release or distribution
would be unlawful.  Further, this Announcement is for information purposes
only and is not an offer of securities in any jurisdiction.

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and
regulated in the United Kingdom by the FCA and is a member of the London Stock
Exchange, is the Company's nominated adviser for the purposes of the AIM
Rules. Beaumont Cornish is acting exclusively for the Company and will not
regard any other person (whether or not a recipient of this announcement) as a
client and will not be responsible to anyone other than the Company for
providing the protections afforded to its clients nor for providing advice in
relation to the contents of this announcement or any other matter referred to
herein. Beaumont Cornish's responsibilities as the Company's nominated adviser
under the AIM Rules for Nominated Advisers are owed to the London Stock
Exchange and not to any other person and in particular, but without
limitation, in respect of their decision to acquire Ordinary Shares in
reliance on any part of this announcement. Beaumont Cornish has not authorised
the contents of this announcement for any purpose and no liability whatsoever
is accepted by Beaumont Cornish nor does it make any representation or
warranty, express or implied, as to the accuracy of any information or opinion
contained in this announcement or for the omission of any information.
Beaumont Cornish expressly disclaims all and any responsibility or liability
whether arising in tort, contract or otherwise which it might otherwise have
in respect of this announcement.

 

ENDS

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