Further Subscription

Source: RNS
RNS Number : 1268G
ATOME PLC
30 September 2024
 

ImagenTHIS 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 or contact:

 

ATOME PLC

Nikita Levine, Investor Relations

+44 (0) 113 337 2210

info@atomeplc.com

 

Beaumont Cornish (Nominated Adviser)

Roland Cornish, Michael Cornish

+44 (0) 20 7628 3396

SP Angel (Broker)

Richard Hail, Caroline Rowe

+44 (0) 20 3490 0470

FTI Consulting Limited (Communications Adviser)

Elizabeth Adams, Ben Brewerton

+44 (0) 20 3727 1000

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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