1 March 2023
ATOME ENERGY PLC
("ATOME", "the Company", or "the Group")
Director / PDMR Shareholding
Olivier Mussat, CEO, purchases 2% of ATOME at £1.062 per Ordinary Share
ATOME Energy (AIM: ATOM), the only pure international green hydrogen and ammonia production company on the London Stock Exchange with current large-scale projects in Europe and South America as well as hydrogen mobility projects announces the acquisition of a meaningful shareholding in the Company by ATOME Chief Executive, Olivier Mussat.
Olivier Mussat has today purchased 720,000 ordinary shares in the Company ("Ordinary Shares") at a purchase price corresponding to the Company's most recent placing price of £1.062 per Ordinary Share off-market from Alpha Energies Invest GmbH ("Alpha"), a company owned wholly and beneficially by ATOME Chairman, Peter Levine. The purchased Ordinary Shares represent 2% of the issued share capital of the Company.
Following the purchase, Olivier Mussat now has a beneficial interest in 1,424,566 Ordinary Shares representing 3.95% of the issued share capital of the Company. Peter Levine is now beneficially interested in 8,731,962 Ordinary Shares comprising 2,143,066 Ordinary Shares held directly and a further 3,030,000 Ordinary Shares held in trust for the benefit of Peter Levine by Alpha and 3,558,896 Ordinary Shares held by PLLG Investments Limited (which is wholly owned by PLLG Nominees Limited, all of which is held in trust for Peter Levine).
Peter Levine, Chairman, commented:
"Olivier has made an excellent impact on the Company since he joined ATOME from the IFC. I am pleased to facilitate this significant demonstration of his personal commitment which I believe is not only in his interests but also in the interest of all shareholders as we grow the company, create markets and make ATOME into one of the world leaders in our field."
For more information, please visit https://www.atomeplc.com or contact:
| ATOME Energy PLC | +44 (0) 113 337 2210 |
| Beaumont Cornish (Nominated Adviser) | +44 (0) 20 7628 3396 |
| Liberum (Joint Broker) | +44 (0) 20 3100 2000 |
| SP Angel (Joint Broker) | +44 (0) 20 3490 0470 |
| finnCap (Joint Broker) | +44 (0) 20 7220 0500 |
| Tavistock (Financial PR and IR) | +44 (0) 20 7920 3150 |
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. The person who arranged for the release of this announcement on behalf of the Company was Peter Levine, Chairman.
About ATOME
ATOME Energy PLC is an AIM listed company targeting green hydrogen and ammonia production with over 500-megawatt of projects in Paraguay, Iceland and Central America.
Since its admission to AIM in December 2021 ATOME has signed its first electrolyser purchase order for its hydrogen transport Mobility Division due to start generating revenue in 2023 and signed a large scale 120MW power purchase agreement with ANDE, the state energy company in Paraguay for production of green hydrogen and ammonia targeted to start operations in 2025. It has procured 30 hectares of land in Villeta, Paraguay for that facility, mandated Natixis Corporate Investment Bank and the multilateral IDB Invest to lead the project funding and the FEED study is currently underway with Urbas and Casale.
In December 2022, ATOME entered into a joint venture with Cavendish, the renewable energy arm of the substantial and well-established Purdy Group based in Costa Rica and formed The National Ammonia Corporation S.A, which is owned equally by ATOME and Cavendish.
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 use electricity generated from existing geothermal sources in Iceland and 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, Trafigura, one of the world's leading commodity and logistics company, and Schroders, a leading fund manager.
APPENDICES
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Olivier Mussat | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive | |||
| b) | Initial notification/Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | ATOME Energy 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 | Purchase of Ordinary Shares. | |||
| c) | Price(s) and volume(s) | | Price(s) | Volume(s) | |
| £1.062 | 720,000 | ||||
| | |||||
| d) | Aggregated information
Aggregated volume
Price | n/a (single transaction) | |||
| e) | Date of the transaction | 28 February 2023 | |||
| f) | Place of the transaction | Outside of a trading venue | |||
| 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 Energy 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 | Sale of Ordinary Shares. | |||
| c) | Price(s) and volume(s) | | Price(s) | Volume(s) | |
| £1.062 | 720,000 | ||||
| | |||||
| d) | Aggregated information
Aggregated volume
Price | n/a (single transaction) | |||
| e) | Date of the transaction | 28 February 2023 | |||
| f) | Place of the transaction | Outside of a trading venue | |||
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