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 or contact:

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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