REG - ATOME PLC - Result of AGM

AtomeAnnouncement

24/07/2024 10:45

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RNS Number : 6557X  ATOME PLC  24 July 2024

 

 

24 July 2024

 

ATOME PLC

("ATOME", "the Company", or "the Group")

 

Results of AGM

 

ATOME (AIM: ATOM), the leading developer of international green fertiliser
projects, is pleased to announce that all resolutions proposed to shareholders
at the Company's AGM held at 10.00am today were duly passed.

 

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

 

 ATOME PLC                                        +44 (0) 113 337 2210

 Nikita Levine, Investor Relations                info@atomeplc.com (mailto:info@atomeplc.com)
 Beaumont Cornish (Nominated Adviser)             +44 (0) 20 7628 3396

 Roland Cornish, Michael Cornish
 SP Angel (Broker)                                +44 (0) 20 3490 0470

 Richard Hail, Caroline Rowe, Harry Davies-Ball
 FTI Consulting (Strategic Communications)        +44 (0) 20 3727 1000

 Elizabeth Adams, Ben Brewerton                   atome@fticonsulting.com (mailto:atome@fticonsulting.com)

 

 

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.

 

The first project is at Villeta in Paraguay. It benefits from a 145MW
renewable power purchase agreement and 30 hectares of land in a tax free zone.
Front End Engineering 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 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, and Baker Hughes, a
global technology company operating in the energy and industry sectors.

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.

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