Issue of Warrants

RNS Number : 5737S

ATOME Energy PLC

15 July 2022

 

For immediate release   15 July 2022

ATOME ENERGY PLC

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

Issue of Warrants

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 and mobility projects announces that it has granted warrants over, in aggregate, 175,000 Ordinary Shares of 0.2 pence each in the Company ("Ordinary Shares") to Juan Pablo Nogues, a Paraguayan national and Lead Project manager in Paraguay (the "Warrants").

Juan Pablo has significant experience in the field of green energy in Paraguay and has a Bachelor Degree from University of Kansas, a Masters Degree from Stanford University and a Ph.D Degree from Princeton University. Juan Pablo joined ATOME in November 2021 and has already proved himself a great asset to ATOME Paraguay and supports the President of ATOME Paraguay, James Spalding from the Asuncion office.

The Warrants are designed to promote long-term stability and retention among key management as well as providing performance incentive to reward loyalty and long service.

The Warrants vest in three equal tranches being 12, 24 and 36 months from the date of grant subject always to the relevant persons still being in the employ of the group at the relevant stages and not under notice and the share price at the time of exercise not being below 80 pence per Ordinary Share.

Subject to vesting and such conditions being met, the new Warrants are exercisable at nil cost to the employee for up to three years from the vesting date of each tranche and will lapse if not exercised by such date. Exercised Warrants are subject to a 50% lock-in for six months from the date of exercise and orderly market disposal provisions apply.

Excluding the Warrants, the Company has existing outstanding awards including adjustments for lapsed or cancelled warrant awards of 1,825,000 representing 5.6% of the Issued Share Capital. With the addition of the grant of the new Warrants contained within this announcement, the total amount of Warrants granted to acquire in aggregate 2,000,000 ordinary shares now represent 6.15% of the Company's current issued share capital.

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

ATOME Energy PLC Nikita Levine, Investor Relations	[phone] [e-mail]
Beaumont Cornish (Nominated Adviser) Roland Cornish, Michael Cornish	[phone]
Liberum (Joint Broker) Cameron Duncan, Kane Collings	[phone]
SP Angel (Joint Broker) Richard Hail, Caroline Rowe	[phone]
finnCap (Joint Broker) Christopher Raggett, Tim Harper	[phone]
Tavistock (Financial PR and IR) Simon Hudson, Rebecca Hislaire, Charles Baister	[phone] [e-mail]

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.

Notes to Editors

ATOME

ATOME Energy PLC is an AIM listed company targeting green hydrogen and ammonia production with over 400-megawatt of projects in Paraguay and Iceland, through its subsidiaries ATOME Paraguay, which is wholly owned, and Green Fuel ehf, in which ATOME Energy holds a 75 per cent interest, respectively.

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 60MW power purchase agreement with ANDE, the state energy company in Paraguay for production of green hydrogen and ammonia targeted to start operations at or around end 2024.

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. 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.

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