REG - ATOME PLC - Director/PDMR Shareholding

AtomeAnnouncement

25/04/2025 07:00

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RNS Number : 0454G  ATOME PLC  25 April 2025

 

For immediate release

25 April 2025

 

ATOME PLC

("ATOME" or the "Company")

 

Director / PDMR Shareholding

 

ATOME (AIM: ATOM), the leading developer of international green fertiliser
projects, announces an acquisition of its shares by Peter Levine, the Chair of
ATOME, from Molecular Energies Limited ("Molecular").

 

ATOME has been notified that Molecular, the former parent company of ATOME
prior to the Company's spin out and IPO in 2021, has transferred, at the
requirement of IYA Global Limited ("IYA"), a BVI registered company whose
ultimate beneficial shareholder is Peter Levine, 1,000,000 ordinary shares in
ATOME ("ATOME Shares") to the Levine Foundation and 5,234,007 ATOME Shares to
Peter Levine, for a value equivalent to 41p per ATOME Share, representing
12.85% of the entire issued share capital of ATOME in total of which 10.79% is
in respect of Peter Levine.

 

As 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. The transfer is pursuant to
such charge and its enforcement.

 

Following the execution of the share transfer, Peter Levine is now
beneficially interested in 13,965,674 ATOME Shares representing 28.79% of the
issued share capital of the Company, comprising 8,776,778 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 no beneficial interest in ATOME Shares.

 

Concert Party interest

 

Following the execution of the share transfer, 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 (Joint Broker)                    +44 (0) 20 7710 7600

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

                                        atome@fticonsulting.com (mailto:atome@fticonsulting.com)
 Elizabeth Adams, Ben Brewerton

 

 

MAR

 

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 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 is in the early stages of developing a
significant green power generation and infrastructure business.

 

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 fertiliser production. In early 2025, ATOME
announced Hy24, the leading clean hydrogen asset manager, as anchor and lead
equity investor in the project, and confirmed the signing of the US$465
million fixed-price EPC contract with leading ammonia and fertilizer
engineering specialist Casale S.A. The Company is now negotiating the project
finance with a view to commencing work in 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.

 

-ends-

 

 

 

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)
                                                                      41p       5,234,007

 
     d)  Aggregated information                                       n/a (single transaction)

- Aggregated volume

 

-    Price
     e)  Date of the transaction                                      25 April 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

25 April 2025

 

 

f)

Place of the transaction

Outside of a trading venue

 

 

 

-ends-

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