Directors and Senior Managers subscribe for approximately £1.5 million in Fundraising

The Company-led Subscription and Institutional Placing raises in aggregate £2.25 million

ATOME (AIM: ATOM), the leading developer of international green fertiliser projects, announces a fundraising (“the Fundraising”) by way of direct subscription with certain directors, senior management and related parties (the “Subscription”) and a further institutional placing of new Ordinary Shares (the “Placing”) raising £2.25 million in aggregate by the issue of Ordinary Shares of 0.2 pence each in the Company at a price per Ordinary Share of 75 pence (the “Issue Price”) representing a small discount of approximately 4% from the middle market price of 78.5 pence as at the close of business on 25 September 2024.

The Subscription and Placing enables Directors and Senior Managers to show alignment, commitment and belief in the Company and its clearly documented inherent value prior to the fast-approaching targeted commencement of on-site construction and completion of funding for the flagship Villeta Project and provides an opportunity for existing shareholders and third-party investors to commit on the same terms. Shareholders’ attention is drawn to the paragraphs printed in bold in the last part of the Fundraising Highlights section below.

The net proceeds, combined with ATOME’s existing financial resources, including the £4 million facility provided by Peter Levine, Chairman and ATOME’s largest shareholder, will assist ATOME in continuing the progress of engineering, procurement, and construction (“EPC”) contract negotiations as well as commence pre-construction and procurement activities in order to achieve Final Investment Decision (“FID”) and start on-site construction at the 145MW Villeta Project (“Villeta” or the “Project”) targeted for the end of this year as well as general project working capital. The net proceeds will also assist in continuing to progress the Company’s other development projects: 300MW Yguazu in Paraguay and 120MW in Costa Rica.