TIDMATOM
RNS Number : 9812F
ATOME Energy PLC
14 July 2023
14 July 2023
ATOME ENERGY PLC
("ATOME", "the Company", or "the Group")
Transaction by Significant Shareholder
ATOME (AIM: ATOM), the only international green hydrogen,
ammonia, and fertiliser project development company on the London
Stock Exchange, with current large-scale projects in Latin America
and Europe, as well as hydrogen mobility projects, announces a
significant shareholder transaction.
ATOME has been notified that Molecular Energies PLC
("Molecular"), the former parent company of ATOME prior to the
Company's spin-out and IPO, has sold 800,000 ordinary shares ("the
Block"), representing approximately 2% of ATOME, in the Company at
a price of GBP1.00 per share. The resulting holding of Molecular in
ATOME is now 8,272,045 ordinary shares representing 20.5% of the
entire issued share capital of ATOME.
The purchaser of the Block is CFT Ventures, a Guernsey
registered company, being the Crandall Family Trust. Mark Crandall
was the head of Glencore's oil trading business before co-founding
in 1993 the international commodity trader, Trafigura, with five
other founding partners.
Since leaving Trafigura, Mark founded and is currently Chairman
and member of the Executive Board of PostScriptum Energy Pte
Limited (www.postscriptum.com), a leading renewable energy
developer active in grid-connected development in Europe and in the
development of green hydrogen projects on three continents.
Peter Levine, Chairman, commented:
"I am pleased that Molecular Energies has facilitated this
transaction which enlarges and diversifies our serious strategic
investor base.
"Mark and I go back to the early Trafigura days. I am confident
he will be an active and constructive shareholder going
forward."
For more information, please visit https://www.atomeplc.com or
contact:
ATOME Energy PLC +44 (0) 113 337 2210
Nikita Levine, Investor Relations info@atomeplc.com
Beaumont Cornish (Nominated Adviser)
Roland Cornish, Michael Cornish +44 (0) 20 7628 3396
Liberum (Joint Broker)
Scott Mathieson, Kane Collings +44 (0) 20 3100 2000
SP Angel (Joint Broker)
Richard Hail, Harry Davies-Ball +44 (0) 20 3490 0470
finnCap (Joint Broker)
Christopher Raggett, George Dollemore +44 (0) 20 7220 0500
Tavistock (Financial PR and IR) +44 (0) 20 7920 3150
Simon Hudson, Rebecca Hislaire, Charles atome@tavistock.co.uk
Baister
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.
Notes to Editors
About ATOME
ATOME Energy PLC is an AIM listed company targeting green
hydrogen, ammonia, and fertiliser production with over 500-megawatt
of projects in Paraguay, Iceland, and Central America.
Since its admission to AIM in December 2021 ATOME has signed its
first electrolyser purchase order for its hydrogen transport
Mobility Division due to start generating revenue in 2023 and
signed a 120MW power purchase agreement with ANDE, the state energy
company in Paraguay for production of green ammonia to produce
industrial scale premium value green fertiliser in 2025. It has
procured 30 hectares of land in Villeta, Paraguay for that
facility, mandated Natixis Corporate Investment Bank and the
multilateral IDB Invest to lead the project funding and the FEED
study is currently underway with the international companies Urbas
and Casale.
In December 2022, ATOME entered into a joint venture with
Cavendish, the renewable energy arm of the substantial and
well-established Purdy Group based in Costa Rica and formed The
National Ammonia Corporation S.A, which is owned equally by ATOME
and Cavendish.
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 use
electricity generated from existing geothermal sources in Iceland
and 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, Trafigura, one of the
world's leading commodity and logistics company, and Schroders, a
leading fund manager, and from May 2023, Baker Hughes, a global
energy technology company operating in the energy and industry
sectors.
-ends-
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCFLFVEDDIVLIV
(END) Dow Jones Newswires
July 14, 2023 02:00 ET (06:00 GMT)
Atome (LSE:ATOM)
Historical Stock Chart
From Apr 2024 to May 2024
Atome (LSE:ATOM)
Historical Stock Chart
From May 2023 to May 2024