REG - ATOME PLC - Further Subscription

AtomeAnnouncement

30/09/2024 07:00

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RNS Number : 1268G  ATOME PLC  30 September 2024

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO, THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

 

 

30 September 2024

 

ATOME PLC

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

Further Subscription

 

ATOME (AIM: ATOM), the leading developer of international green fertiliser
projects, is pleased to announce a further subscription of new ordinary
shares.

 

In the announcement made by the Company on 26 September 2024 ("Announcement")
in relation to a Subscription and Placing for new ordinary shares in the
Company at a price of 75p ("Issue Price"), the Company indicated that any
shareholder who had any questions should contact the Company. Subsequent to
the Announcement, certain longstanding supportive investors have been in
contact with the Company with a request to subscribe in ATOME on the same
terms.

 

Accordingly, the Company is pleased to announce it has arranged a further
subscription pursuant to these investor requests for 533,333 new Ordinary
Shares in the Company also at the Issue Price of 75p per ordinary share, to
raise an additional £400,000 ("Subscription Shares"). The monies will provide
further working capital as ATOME grows and develops its world leading green
fertiliser production projects, the first of which being the 145MW facility in
Villeta, Paraguay.

 

Application will be made for the Subscription Shares, which will rank pari
passu with the existing ordinary shares, to be admitted to trading on AIM
("Admission").  Admission is expected on or around 7 October 2024.

 

Following 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 48,456,519 ordinary shares of 0.2p each with
voting rights, none of which will be 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 (mailto:info@atomeplc.com)

 Beaumont Cornish (Nominated Adviser)             +44 (0) 20 7628 3396

 Roland Cornish, Michael Cornish
 SP Angel (Broker)                                +44 (0) 20 3490 0470

 Richard Hail, Caroline Rowe
 FTI Consulting Limited (Communications Adviser)  +44 (0) 20 3727 1000

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

 

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.

 

The first project is at Villeta in Paraguay. It benefits from a 145MW
renewable power purchase agreement and 30 hectares of land in a tax free zone.
Front End Engineering Design studies have been completed and Heads of Terms
signed with Yara, the leading international fertiliser company for offtakeof
all of Villeta's production. The Company is now in the advanced stages of
negotiating the project finance with a view to closing that and declaring FID
before end 2024. 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

 

IMPORTANT NOTICES

 

This announcement is not for release, publication or distribution, in whole or
in part, directly or indirectly, in or into Australia, Canada, Japan or the
Republic of South Africa or any jurisdiction into which the publication or
distribution would be unlawful. This announcement is for information purposes
only and does not constitute an offer to sell or issue or the solicitation of
an offer to buy or acquire shares in the capital of the Company in Australia,
Canada, Japan, New Zealand, the Republic of South Africa or any jurisdiction
in which such offer or solicitation would be unlawful or require preparation
of any prospectus or other offer documentation or would be unlawful prior to
registration, exemption from registration or qualification under the
securities laws of any such jurisdiction.

 

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.

 

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.

 

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