ATOME PLC Stifel appointed broker to ATOME

RNS Number : 8657N

ATOME PLC

28 November 2024

 

 

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For immediate release

28 November 2024

 

ATOME PLC

("ATOME" or the "Company")

 

Stifel appointed broker to ATOME

 

ATOME (AIM: ATOM), the leading developer of international green fertiliser projects, announces the appointment of a new broker to the Company.

 

Stifel

 

ATOME has appointed Stifel Nicolaus Europe Limited ("Stifel") as joint broker to the Company. Stifel, a full-service institutional brokerage and investment banking firm, is part of the American multinational independent investment bank and financial services company, Stifel Financial Corp.

 

Peter Levine, Chairman, commented:

 

"We are pleased to appoint Stifel as joint broker to our Company, where we expect it to take a leading role as we enter into a period of significant development with major company transformational milestones on the horizon."

 

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

 

 

ATOME PLC Nikita Levine, Investor Relations	[phone] [e-mail]
Beaumont Cornish (Nominated Adviser) Roland Cornish, Michael Cornish	[phone]
Stifel (Broker) Jason Grossman, Ashton Clanfield	[phone]
SP Angel (Broker) Richard Hail, Caroline Rowe	[phone]
FTI Consulting (Communications Adviser) Elizabeth Adams, Ben Brewerton	[phone] [e-mail]

 

 

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 Design 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  commencing work by 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.

 

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.

 

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