2 Nov 2021 07:00
2 November 2021
PRESIDENT ENERGY PLC
("President" or the "Company")
Announcement made by Atome Energy PLC on appointment of CEO
President Energy (AIM: PPC), the energy company with a diverse portfolio of energy assets provides an update in relation to its subsidiary Atome Energy PLC
Announcement by Atome Energy PLC
President notes and is pleased to confirm the contents of the public announcement made today by Atome Energy PLC ("Atome") its green hydrogen and ammonia production company due to float on AIM in London later this year regarding the appointment of ATOME's Chief Executive Officer. The text of such announcement is set out below.
SP Angel have now been appointed joint broker with finnCap in respect of the forthcoming flotation of Atome on the Alternative Investment Market of the London Stock Exchange. Further announcements will be made in due course.
The text of Atome Energy PLC public announcement is as follows
ATOME ENERGY PLC
OLIVIER MUSSAT APPOINTED CEO
ATOME ENERGY PLC ("ATOME" or the "Company"), the green hydrogen and ammonia production company due to join the London Stock Market later this year, announces the appointment of Olivier Mussat as its Chief Executive Officer with effect from 1 November 2021.
Olivier Mussat has joined ATOME straight from his role as the Chief Investment Officer for Global Energy at the International Finance Corporation ("IFC"), part of the World Bank Group, where he had been for nine years involved on both early stage and mature businesses.
Prior to joining IFC, Olivier was Head of Oil and Gas Project Finance at Standard Chartered Bank after roles in Schlumberger and General Electric. He graduated from Virginia Wesleyan University before completing a Master of Science degree in Technology and Management from École Centrale Supelec in Paris.
Olivier completes the main Board of ATOME prior to its upcoming float on the London Stock Exchange, joining amongst others Mary-Rose de Valladares, the former General Manager of the International Energy Association's Hydrogen Technology Collaboration, James Spalding, the former Paraguayan General Director of Itaipu, the second largest hydroelectric dam in the world by output, and Peter Levine, the energy entrepreneur.
Peter Levine, Chairman of ATOME, commented:
"I am delighted to welcome Olivier to our main Board as CEO of ATOME. He brings with him just the right skillset for this important role, namely a wealth of experience in the key areas of management, structuring, finance and development of international energy projects.
"This very positive appointment is reflective of the serious and substantial nature of ATOME's projects and potential and of ATOME's ability to recruit leading industry professionals including Mary-Rose de Valladares and James Spalding. All of us at ATOME look forward to working with and supporting Olivier's leadership to deliver the significant value creation potential of ATOME."
Olivier Mussat, CEO of ATOME, commented:
"The exciting potential of ATOME in green hydrogen and ammonia production together with its projects gave me no hesitation when I was invited by Peter to become CEO of ATOME.
"Having worked with both electrons and hydrocarbon molecules as energy carriers, I believe that green hydrogen and ammonia is the best chance to deliver the energy transition.
"ATOME has the right expertise and the right strategy to deliver realistic projects,located in the right areas, near readily available baseload green power on tap 24/7 with access to land, water,transport links and end markets with the right partners to fulfil these business objectives."
For additional information please visit www.atomeplc.com or contact:
Contact:
ATOME ENERGY PLC | +44 (0) 20 7016 7950 |
Nikita Levine, Investor Relations | nikita.levine@atomeplc.com |
Beaumont Cornish (Nomad on Admission) | +44 (0) 20 7628 3396 |
Roland Cornish, Michael Cornish | |
finnCap (Joint Broker) | +44 (0) 20 7220 0500 |
Christopher Raggett, Tim Harper | |
SP Angel (Joint Broker) Richard Hail | +44 (0) 20 7409 3494 |
Blytheweigh (Public Relations) | +44 207 138 3204
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Tim Blythe, Alice McLaren, Madeleine Gordon-Foxwell | atome@blytheweigh.com |
- Ends -
Contact:
President Energy PLC Rob Shepherd, Group FD Nikita Levine, Investor Relations
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+44 (0) 207 016 7950 info@presidentpc.com | ||
finnCap (Nominated Advisor) Christopher Raggett, Tim Harper
| +44 (0) 207 220 0500 |
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Notes to Editors
President Energy is an oil and gas company listed on the AIM market of the London Stock Exchange (PPC.L) primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets.
The Company has operated interests in the Puesto Flores, Estancia Vieja, Puesto Prado and Las Bases Concessions, and Angostura exploration contract, all of which are situated in the Rio Negro Province in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.
President has as one of its subsidiaries, Atome Energy PLC , a hydrogen and ammonia production company
The Group is also actively pursuing value accretive acquisitions of high-quality production and development assets capable of delivering positive cash flows and shareholder returns. With a strong strategic and institutional base of support, including the international commodity trader and logistics company Trafigura, an in-country management team as well as the Chairman whose interests as the largest shareholder are aligned to those of its shareholders, President Energy gives UK investors access to an energy growth story combined with world class standards of corporate governance, environmental and social responsibility.
This announcement contains inside information for the purposes of article 7 of Regulation 596/2014