IN BRIEF: Atome shares fall on GBP1.8 million fundraise

Mon, 19th Feb 2024 11:47

Atome PLC - Leeds, England-based green fertiliser company raises GBP1.8 million through issuing 3.6 million new shares in a subscription and placing at 50 pence each, an 11% discount to Friday's closing price of 56p. Will use the funds for speeding up growth and development of the Villeta project in Paraguay, including engineering and design works, as well as for working capital.

Current stock price: 50.75 pence, down 9.4%

12-month change: down 50%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Related Shares

More News

15 Apr 2024 15:22

Canaccord Genuity initiates coverage on Atome at 'speculative buy'

(Sharecast News) - Analysts at Canaccord Genuity initiated coverage on Atome with a 'speculative buy' rating and 130.0p target price on Monday, statin...

20 Mar 2024 17:51

EARNINGS AND TRADING: abrdn Property Income sells some assets

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately repor...

14 Mar 2024 17:25

EARNINGS AND TRADING: Versarien inks agreement for Brazilian JV

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately report...

14 Mar 2024 13:17

Atome fundraising granted EIS status by HMRC

(Sharecast News) - Atome announced on Thursday that HM Revenue and Customs had granted Enterprise Investment Scheme (EIS) status for investments made ...

19 Feb 2024 12:16

Atome raises £1.8m to expedite Villetta Project

(Sharecast News) - Green fertiliser specialist Atome has raised £1.8m before expenses, it announced on Monday, to expedite its Villetta Project i...