REG - ATOME Energy PLC - Result of Fundraise

AtomeAnnouncement

14/12/2022 07:45

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RNS Number : 6661J  ATOME Energy PLC  14 December 2022

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.

14 December 2022

ATOME ENERGY PLC

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

 

Result of Fundraise

 

ATOME Energy (AIM: ATOM), the company focused on green hydrogen and ammonia
production globally with projects in both Europe and South America, announced
on 12 December 2022 a fundraising comprising a placing of new Ordinary
Shares (the "Placing") at a price of 106.2 pence per new ordinary share
("Placing Price"), an offer via PrimaryBid (the "PrimaryBid Offer") at the
Placing Price and at the discretion of the Directors, the possible issue of
further new ordinary shares at the Placing Price should there be appropriate
demand (the "Further Issue") (together the "Fundraise").

 

The Company is pleased to announce that the PrimaryBid Offer has successfully
raised gross proceeds of £0.55 million through the issue of 517,891 new
ordinary shares ("Retail Offer Shares"). In addition, the Further Issue also
closed at the same time as the PrimaryBid Offer raising further gross proceeds
of £0.49 million through the issue of  460,298 new ordinary shares (the
"Further Issue Shares").

 

As announced on 12 December 2022, the Company is issuing 2,542,364 new
ordinary shares in the Company pursuant to the Placing (the "Placing Shares").

 

In aggregate therefore, pursuant to the Fundraise, the Company is issuing
3,520,553 new ordinary shares, comprising the Placing Shares, the Retail
Offer Shares, and the Further Issue Shares (together the "New Ordinary
Shares") raising gross proceeds of approximately £3.74 million.

 

Admission

The New Ordinary Shares will rank pari passu with the Company's existing
ordinary shares. Following the issue of the New Ordinary Shares, the Company's
issued share capital will consist of 36,020,553 Ordinary Shares. Accordingly,
the figure of 36,020,553 may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in the Company under the
FCA's Disclosure Guidance and Transparency Rules.

 

Application will be made for the 3,520,553 New Ordinary Shares to be admitted
to trading on AIM ("Admission") and it is expected that Admission will
become effective on or around 20 December 2022.

 

Standby Equity Facility

The Board has now extended the Standby Equity Facility and granted the call
option to PLLG Investments Limited as set out in the announcement dated 12
December 2022.

 

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
 Cameron Duncan, Kate Bannatyne
 SP Angel (Joint Broker)                           +44 (0) 20 3490 0470
 Richard Hail, Caroline Rowe
 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 (mailto:atome@tavistock.co.uk)

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of
the European Union (Withdrawal) Act 2018 ("MAR"). 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 and Iceland, through its subsidiaries ATOME Paraguay, which is
wholly owned, and Green Fuel ehf, in which ATOME Energy holds a 75 per cent
interest, respectively.

 

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 60MW power
purchase agreement with ANDE, the state energy company in Paraguay for
production of green hydrogen and ammonia targeted to start operations at or
around end 2024.

 

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. 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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