REG - ATOME PLC - Results of General Meeting - Unconditional FID

AtomeAnnouncement

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RNS Number : 1894E  ATOME PLC  13 May 2026

 

For immediate release

13 May 2026

 

ATOME PLC

("ATOME" or the "Company")

 

Results of General Meeting

 

Unconditional Final Investment Decision

 

Casale Subscription Shares

 

ATOME (AIM: ATOM), the leading low-carbon fertiliser developer and the UK's
only dedicated international industrial scale low-carbon fertiliser company,
is pleased to announce that all Resolutions proposed to shareholders at the
Company's General Meeting held at 11.00am today were duly passed with Final
Investment Decision ("FID") for the flagship 260,000 tonne-per-year low-carbon
fertiliser project at Villeta, Paraguay ("Villeta" or "the Project") now
unconditional.

 

 

Results of General Meeting

 

Further to the Notice of General Meeting published on 27 April 2026, ATOME is
pleased to announce that shareholders have today approved all Resolutions,
including the approval of the Villeta Transaction and inter alia the renewal
of share authorities to permit the issue and allotment of shares to Casale
S.A., the EPC contractor for the Villeta Project (the "Casale Subscription").

 

As a result of the approvals granted at the General Meeting, FID at Villeta is
now unconditional, with strategic partner Casale S.A. becoming a long-term
shareholder in ATOME.

 

The Company is now working to satisfy all conditions precedent prior to First
Disbursement in respect of the Villeta Project financing.

 

The Company expects to commence early site works at Villeta before the end of
June 2026, and a further update will be provided before the end of May.

 

 

Casale Subscription Shares AIM Application

 

Following the General Meeting, application is being made to the London Stock
Exchange for admission to trading on AIM in respect of the 20,987,654 new
Ordinary Shares to be issued to Casale pursuant to the Casale Subscription at
the Issue Price of 60p per new Ordinary Share as announced on 24 April 2026
("Casale Subscription Shares").

 

The Casale Subscription Shares will rank pari passu in all respects with the
existing Ordinary Shares of the Company and the Company expects that Admission
of the Casale Subscription Shares will take place at 8.00 a.m. on 21 May 2026.

 

On Admission of the Casale Subscription Shares, the Company's enlarged issue
share capital will amount to 95,947,584 Ordinary Shares.

Capitalised terms used but not otherwise defined in this announcement shall
have the meanings ascribed to such terms in Appendix III of the announcement
published by the Company on 23 April 2023, unless the context requires
otherwise.

 

 

For further information on ATOME, please visit the Company's Curation Connect
showcase at: https://app.curationconnect.com/company/Atome-71605
(https://app.curationconnect.com/company/Atome-71605)

 

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

 SP Angel (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

 

 

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 has now created its ATOME POWER division
which is in the early stages of developing a significant green power
generation and infrastructure business. ATOME's projects are situated at the
heart of one of the world's largest food export hubs - the Mercosur region in
the Southern Cone of South America with the Argentinian and Brazilian markets
next door. ATOME's production will disrupt the region's heavy dependence on
imported fossil fuel generated fertilizer, contributing to regional food
security goals.

 

ATOME's first project in Villeta, Paraguay, benefits from a 125MW renewable
power purchase agreement and a 30-hectare site in a tax-free zone, Front End
Engineering Design studies have been completed and a 10-year Definitive
Offtake Agreement signed with Yara International, the leading international
fertiliser company, for offtake of all of Villeta's green fertiliser
production, as well as a US$465 million fixed-price EPC contract with leading
ammonia and fertiliser engineering specialist Casale S.A. ATOME declared Final
Investment Decision on the Villeta Project (subject to shareholder approval)
in April 2026 following completion of US$665 million project finance with
construction to commence in 2026.

 

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. Roughly a third of human
caused GHG emissions is linked to food production according to UN data, and
fertiliser use and production is the source of more emissions than the
shipping and aviation industries combined. ATOME's green Calcium Ammonium
Nitrate product will contribute to decarbonising the food sector from the
bottom up, getting to the root of the food value chain's emissions. ATOME's
renewably generated fertiliser is both low-carbon and provides a secure,
stable alternative product not reliant on fossil fuels, unlike all nitrogen
fertilizer production today.

 

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.

 

 

IMPORTANT NOTICE

 

Beaumont Cornish Limited ("Beaumont Cornish"), which is authorised and
regulated in the United Kingdom by the FCA, is acting as nominated adviser to
the Company. Beaumont Cornish will not regard any other person as its client
and will not be responsible to anyone else for providing the protections
afforded to the clients of Beaumont Cornish or for providing advice in
relation to such proposals. No representation or warranty, expressed or
implied, is made by Beaumont Cornish or any of its directors, officers,
partners, employees, agents or advisers as to the contents herein including in
its accuracy, completeness or verification, or for any other statement made or
purported to be made by it or on its behalf, in connection with the
Fundraising or Transaction. Beaumont Cornish as nominated adviser to the
Company owes certain responsibilities to the London Stock Exchange which are
not owed to the Company, the Directors, Shareholders or any other person.

 

 

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