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Director/PDMR Shareholding

25th Apr 2025 07:00

RNS Number : 0454G
ATOME PLC
25 April 2025
 

 

For immediate release

25 April 2025

 

ATOME PLC

("ATOME" or the "Company")

 

Director / PDMR Shareholding

 

ATOME (AIM: ATOM), the leading developer of international green fertiliser projects, announces an acquisition of its shares by Peter Levine, the Chair of ATOME, from Molecular Energies Limited ("Molecular").

 

ATOME has been notified that Molecular, the former parent company of ATOME prior to the Company's spin out and IPO in 2021, has transferred, at the requirement of IYA Global Limited ("IYA"), a BVI registered company whose ultimate beneficial shareholder is Peter Levine, 1,000,000 ordinary shares in ATOME ("ATOME Shares") to the Levine Foundation and 5,234,007 ATOME Shares to Peter Levine, for a value equivalent to 41p per ATOME Share, representing 12.85% of the entire issued share capital of ATOME in total of which 10.79% is in respect of Peter Levine.

 

As announced on 20 March 2023, the entire holding of Molecular in ATOME was charged to IYA as part of amended financial arrangements securing certain outstanding indebtedness owed by Molecular to IYA. The transfer is pursuant to such charge and its enforcement.

 

Following the execution of the share transfer, Peter Levine is now beneficially interested in 13,965,674 ATOME Shares representing 28.79% of the issued share capital of the Company, comprising 8,776,778 ATOME Shares held directly, and a further 1,630,000 ATOME Shares held in trust for the benefit of Peter Levine by Alpha Energies Invest GmbH, and 3,558,896 ATOME Shares held by PLLG Investments Limited (all of which is ultimately held in trust for Peter Levine).

 

Molecular now has no beneficial interest in ATOME Shares.

 

Concert Party interest

 

Following the execution of the share transfer, the interest of the members of the Concert Party including Peter Levine, the Chairman and founder of ATOME (as defined in the Admission Document published on 17 December 2021), remains unchanged in aggregate at 37.841% of the existing issued share capital. As the members of the Concert Party currently hold more than 30% but less than 50% of the Company's voting share capital, for so long as they continue to be treated as acting in concert, any further increases in the Concert Party's interests in Ordinary Shares are subject to the provisions of Rule 9 of the Takeover Code.

 

For more information, please visit https://www.atomeplc.com or contact:

 

ATOME PLC Nikita Levine, Investor Relations

 

+44 (0) 113 337 [email protected]

Beaumont Cornish (Nominated Adviser) Roland Cornish, Michael Cornish

 

+44 (0) 20 7628 3396

Stifel (Joint Broker)

Jason Grossman, Ashton Clanfield

+44 (0) 20 7710 7600

SP Angel (Joint Broker) Richard Hail, Jen Clarke

+44 (0) 20 3490 0470

FTI Consulting (Communications Adviser)

Elizabeth Adams, Ben Brewerton

 

+44 (0) 20 3727 1000 [email protected]

 

 

MAR

 

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. ATOME is in the early stages of developing a significant green power generation and infrastructure business.

 

ATOME's first project in Villeta, Paraguay, benefits from a 145MW renewable power purchase agreement and 43 hectares of land in a tax-free zone. Front End Engineering Design studies have been completed and Heads of Terms signed with Yara International, the leading international fertiliser company, for offtake of all of Villeta's green fertiliser production. In early 2025, ATOME announced Hy24, the leading clean hydrogen asset manager, as anchor and lead equity investor in the project, and confirmed the signing of the US$465 million fixed-price EPC contract with leading ammonia and fertilizer engineering specialist Casale S.A. The Company is now negotiating the project finance with a view to commencing work in 2025. 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, and Baker Hughes, a global technology company operating in the energy and industry sectors.

 

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.

 

-ends-

 

 

 

APPENDIX

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Peter Levine

 

2

Reason for the notification

a)

Position/status

Chairman

 

 

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

13800PLO4T7BYXL5I51

 

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

Exercise of option over existing Ordinary Shares

 

 

c)

Price(s) and volume(s)

Price(s)

Volume(s)

41p

5,234,007

 

d)

Aggregated information

-

Aggregated volume

 

-

Price

n/a (single transaction)

e)

Date of the transaction

25 April 2025

 

 

f)

Place of the transaction

Outside of a trading venue

 

 

 

-ends-

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END
 
 
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