REG - ATOME PLC - Director/PDMR Shareholding

AtomeAnnouncement

08/01/2025 07:00

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RNS Number : 4601S  ATOME PLC  08 January 2025

 

For immediate release

8 January 2025

 

ATOME PLC

("ATOME" or the "Company")

 

Director / PDMR Shareholding

 

ATOME (AIM: ATOM), the leading developer of international green fertiliser
projects is pleased to announce an acquisition of shares by Peter Levine, the
Chair of ATOME.

 

ATOME has been notified that Molecular Energies Limited ("Molecular"), the
former parent company of ATOME prior to the Company's spin out and IPO in
2021, has transferred at the request of IYA Global Limited ("IYA"), a BVI
registered company whose ultimate entire beneficial shareholder is Peter
Levine, 1,000,000 ordinary shares in ATOME ("ATOME Shares") to the Levine
Foundation and 1,038,038 ATOME Shares to Peter Levine, for a value equivalent
to £1.02 per ATOME  Share, representing 4.2% of the entire issued share
capital of ATOME in total and separately 2.14% in respect of Peter Levine.

 

As previously announced on 20 March 2023, the entire holding of Molecular in
ATOME was charged to IYA as part of amended financial arrangements securing
certain outstanding indebtedness owed by Molecular to IYA, pursuant to which
Molecular also granted an option to IYA ("IYA Option") over 2,038,038 ATOME
Shares (the "Option Shares") at a price of £1.062 per Option Share using the
exchange rate of $1.20 to the pound. Using the current rate of currency
exchange, this equates to a price of £1.02 per Option Share amounting to a
transaction value for the Option Shares in aggregate of US$2.6m, representing
a 119% premium over the share price of ATOME as at close of business on 6
January 2025.

 

Following the exercise of the IYA Option, Peter Levine is now beneficially
interested in 8,731,667 ATOME Shares representing 17.99% of the issued share
capital of the Company, comprising 3,542,771 ATOME Shares held directly, and a
further 1,630,000 ATOME Shares held in trust for the benefit of Peter Levine
by Alpha Energies Invest GmbH, and 3,558,896 ATOME Shares held by PLLG
Investments Limited (all of which is ultimately held in trust for Peter
Levine).

 

Molecular now has a beneficial interest in 6,234,007 ATOME Shares representing
12.85% of the issued share capital of the Company.

 

Concert Party interest

Following the exercise of the IYA Option, the interest of the members of the
Concert Party including Peter Levine, the Chairman and founder of ATOME (as
defined in the Admission Document published on 17 December 2021), remains
unchanged in aggregate at 37.841% of the existing issued share capital. As the
members of the Concert Party currently hold more than 30% but less than 50%.
of the Company's voting share capital, for so long as they continue to be
treated as acting in concert, any further increases in the Concert Party's
interests in Ordinary Shares are subject to the provisions of Rule 9 of the
Takeover Code.

 

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

 

 

 ATOME 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

 Stifel (Broker)                          +44 (0) 20 7710 7600

 Jason Grossman, Ashton Clanfield
 SP Angel (Broker)                        +44 (0) 20 3490 0470
 Richard Hail, Caroline Rowe
 FTI Consulting (Communications Adviser)  +44 (0) 20 3727 1000

                                        atome@fticonsulting.com
 Elizabeth Adams, Ben Brewerton

 

 

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.

 

ATOME's first project in Villeta, Paraguay, benefits from a 145MW renewable
power purchase agreement and 43 hectares of land in a tax-free zone. Front End
Engineering Design studies have been completed and Heads of Terms signed with
Yara International, the leading international fertiliser company, for offtake
of all of Villeta's green fertilizer production. The Company is now
negotiating the project finance with a view to commencing work in early 2025.
There is a further 300MW of renewable power reserved for ATOME in Paraguay.

 

In Costa Rica, The National Ammonia Corporation S.A. was formed 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.

 

All power for ATOME is from 100% renewable sources and 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 Baker Hughes, a
global technology company operating in the energy and industry sectors.

 

Other information

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.

 

 

 

 

 

APPENDIX

 

     1   Details of the person discharging managerial responsibilities/person closely
         associated
     a)  Name                                                         Peter Levine

     2   Reason for the notification
     a)  Position/status                                              Chairman

     b)  Initial notification/Amendment                               Initial notification

     3   Details of the issuer, emission allowance market participant, auction
         platform, auctioneer or auction monitor
     a)  Name                                                         ATOME Plc

     b)  LEI                                                          13800PLO4T7BYXL5I51

     4   Details of the transaction(s): section to be repeated for (i) each type of
         instrument; (ii) each type of transaction; (iii) each date; and (iv) each
         place where transactions have been conducted
     a)  Description of the financial instrument, type of instrument  Ordinary shares of 0.2 pence each

         Identification code

                                                                      ISIN: GB00BP4BSM10

     b)  Nature of the transaction                                    Exercise of option over existing Ordinary Shares

     c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                      £1.02     1,038,038

 
     d)  Aggregated information                                       n/a (single transaction)

- Aggregated volume

 

-    Price
     e)  Date of the transaction                                      7 January 2025

     f)  Place of the transaction                                     Outside of a trading venue

 

d)

Aggregated information

 -  Aggregated volume

 

 -     Price

n/a (single transaction)

e)

Date of the transaction

7 January 2025

 

 

f)

Place of the transaction

Outside of a trading venue

 

 

 

-ends-

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