Schedule One - ATOME Energy PLC | RNS | Ticker

Schedule One - ATOME Energy PLC

RNS Announcement

RNS Number : 3025V

AIM

10 December 2021

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

ATOME Energy PLC ("ATOME" or the "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered Office:

Carrwood Park

Selby Road

Leeds

England

LS15 4LG

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.atomeplc.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

ATOME Energy PLC was formed by AIM-traded President Energy, for the purpose of producing, marketing and distributing green hydrogen and ammonia. Hydrogen is widely considered a key part of the matrix of renewable power sources necessary to meet net zero carbon emissions targets by 2050. Ammonia which is made from hydrogen is also a carrier for hydrogen. Green hydrogen and ammonia (made through renewable energy) is expected to be a rapidly growing market, in which ATOME intends to be at the forefront.

The Company has two operating subsidiaries, ATOME Paraguay based in Paraguay, and Green Fuel based in Iceland. Both subsidiaries have commenced operational planning, sourcing and negotiations with green electricity suppliers, equipment providers and offtake partners.

The proceeds from the placing following Admission are principally expected to be used to progress ATOME Paraguay and Green Fuel's detailed planning and development activities ahead of the formal commitments on plant procurement and infrastructure investment, general working capital for the Group and to meet the costs and expenses of Admission.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Number of ordinary shares of 0.2 pence par value ("Ordinary Shares") for which Admission is being sought: TBC

There are no restrictions as to the transferability of the Ordinary Shares.

The issue price of the new Ordinary Shares is 80 pence (the "Placing Price").

No Ordinary Shares are or will be held in treasury on Admission.

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Capital to be raised on Admission: £TBC million

Anticipated market capitalisation on Admission £TBC million (at the issue price of 80p)

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

TBC %

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Peter Michael Levine - Non-Executive Chairman

Richard Joseph Day - Deputy Chairman and Senior Independent Non-Executive Director

Olivier Charles Frederic Mussat - Chief Executive Officer

James (Jim) Edward Clifton Spalding (Hellmers) - Director and President of Atome Paraguay

Robert Anthony Sheffrin FCA - Finance Director

Nikita Petrovich Levine - Director

Mary-Rose de Valladares (nee Szoka) - Independent Non-Executive director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

	Pre Admission		Post Admission
Name	Shares	%	Shares	%
President Energy PLC	21,250,000	85.00%	TBC	TBC
Alpha Oil Invest GmbH¹	3,750,000	15.00%	TBC	TBC

Notes

¹ Alpha Oil Invest GMBH is wholly owned by Peter Levine

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

PLLG Limited (which has provided administrative support services in relation to the Admission).

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December;

(ii) 30 June 2021 in respect of main operating subsidiaries; and 31 October 2021 in respect of the Company;

(iii) 30 June 2022 (audited results for the period from incorporation to 31 December 2021);

30 September 2022 (half-yearly accounts for the six-month period ended 30 June 2022); and

30 June 2023 (annual audited accounts for the year ended 31 December 2022)

EXPECTED ADMISSION DATE:

30 December 2021

NAME AND ADDRESS OF NOMINATED ADVISER:

Beaumont Cornish Limited

Building 3,

Chiswick Park,

566 Chiswick High Road,

London W4 5YA

NAME AND ADDRESS OF BROKER:

Joint Brokers:

SP Angel Corporate Finance LLP

Prince Frederick House

35-39 Maddox Street

London W1S 2PP

finnCap Limited

1 Bartholomew Close

London EC1A 7BL

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The AIM Admission Document, which contains full details of the applicant and admission of its securities, will be available from the Company's website: www.atomeplc

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

DATE OF NOTIFICATION:

10 December 2021

NEW/ UPDATE:

NEW

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END

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RNS metadata

Title: Schedule One - ATOME Energy PLC
Time: 14:00:01
Date: 10 Dec 2021
Category: Capital structure
ID: 3025V