17 October 2024
ATOME PLC
("ATOME", "the Company", or "the Group")
Director / PDMR Shareholding
Further Subscription
Total Voting Rights
ATOME (AIM: ATOM), the leading developer of international green fertiliser projects, gives notice of a Director / PDMR transaction and a further subscription of new ordinary shares.
Director / PDMR Shareholding
Robert Sheffrin, a Director of the Company,has notified the Company that on 11 October 2024 he transferred in an off-market transaction 23,000 ordinary shares in the Company ("Ordinary Shares") at nil consideration from certificated form held directly by him, to a CREST account of which he is the benficial owner.
Further to the above, Robert Sheffrin, on 14 October 2024 transferred 10,848 ordinary shares by way of an agency cross trade at 72p into a self-invested personal pension and 45,737 ordinary shares by way of an agency cross trade at 71p into an individual savings account.
Robert Sheffrin remains beneficially interested in 133,672 Ordinary Shares, representing 0.28% of the issued share capital of the Company. The notification in the appendix, made in accordance with the requirements of the Market Abuse Regulations, provides further detail.
Further Subscription
The Company announced on 26 September 2024, a subscription and placing for new shares in the Company at a subscription price of 75p ("Subscription Price"). The Company has arranged a further issue of 58,778 new Ordinary Shares in the Company at the Issue Price to an adviser amounting to £44,083.50 ("New Shares"). The monies will be used for additional general working capital purposes as ATOME develops its world leading major green fertiliser production projects, the first of which being the 145MW facility in Villeta, Paraguay. Application will be made for the New 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 23 October 2024.
Total Voting Rights
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 48,515,297 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:
| ATOME PLC Nikita Levine, Investor Relations | +44 (0) 113 337 2210
|
| 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 |
Other information
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.
The first project is at Villeta in Paraguay. Villeta 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 offtake of 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
APPENDIX
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Robert Sheffrin | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Director | |||
| b) | Initial notification/Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | ATOME PLC | |||
| b) | LEI | 213800PLO4T7BYXL5I51 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 0.2 pence each
ISIN: GB00BP4BSM10 | |||
| b) | Nature of the transaction | Transfer of Ordinary Shares. | |||
| c) | Price(s) and volume(s) | | Price(s) | Volume(s) | |
| NIL | 23,000 | ||||
| | |||||
| d) | Aggregated information
- Aggregated volume - Price |
23,000 Nil | |||
| e) | Date of the transaction | 11 October 2024 | |||
| f) | Place of the transaction | Outside of a trading venue | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Robert Sheffrin | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Director | |||
| b) | Initial notification/Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | ATOME PLC | |||
| b) | LEI | 213800PLO4T7BYXL5I51 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 0.2 pence each
ISIN: GB00BP4BSM10 | |||
| b) | Nature of the transaction | Transfer of Ordinary Shares. | |||
| c) | Price(s) and volume(s) | | Price(s) | Volume(s) | |
| £0.72 £0.71 | 10,848 45,737 | ||||
| | |||||
| d) | Aggregated information
- Aggregated volume
- Price |
56,585
£0.71 | |||
| e) | Date of the transaction | 14 October 2024 | |||
| f) | Place of the transaction | Outside of a trading venue | |||
-ends-
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.