REG - ATOME PLC - Further Subscription & TVR

AtomeAnnouncement

20/03/2024 09:15

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RNS Number : 5900H  ATOME PLC  20 March 2024

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO
CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER ARTICLE 7 OF THE EU
REGULATION 596/2014 AS IT FORMS PART OF THE UK LAW BY VIRTUE OF THE EUROPEAN
UNION (WITHDRAWAL) ACT 2018 ("MAR").

 

20 March 2024

 

ATOME PLC

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

 

Further Subscription

Total Voting Rights

 

ATOME (AIM: ATOM), the only international green fertiliser project development
company on the London Stock Exchange, announces a further subscription of new
ordinary shares.

 

In the announcement made by the Company on 19 February in relation to a
Placing and Subscription for new shares in the Company at a price of 50p, the
Company indicated that any shareholder who had any questions should contact
the Company. Subsequent to that, a longstanding supportive institutional
investor has been in contact with a request for a further subscription in
ATOME.

 

Accordingly, the Company is pleased to announce it has arranged a subscription
at the institutional investors request for 1,000,000 new Ordinary Shares in
the Company at the said price of 50p per share to raise an additional
£500,000 ("Subscription Shares"). The monies will provide further working
capital as ATOME grows and develops its world leading major green fertiliser
production projects the first of which being the 145MW facility in Villeta,
Paraguay.

 

The subscription is not a qualifying investment for EIS/VCT purposes. There is
no intention to issue further shares at the said price.

 

Application will be made for the Subscription Shares, which will rank pari
passu with all existing ordinary shares, to be admitted to trading on AIM
("Admission").  Admission is expected on or around 25 March 2024.

 

Further to Admission, and in conformity with the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company's issued
share capital will consist of 44,923,186 ordinary shares of 0.2p each with
voting rights, none of which were held in Treasury.

 

For more information, please visit https://www.atomeplc.com
(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
 SP Angel (Joint Broker)                          +44 (0) 20 3490 0470
 Richard Hail, Caroline Rowe, 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 (mailto: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.

 

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.

 

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. has been formed 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, Schroders, a leading fund manager, and since May 2023,
Baker Hughes, a global energy technology company operating in the energy and
industry sectors.

 

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