8 Dec 2021 07:00
8 December 2021
PRESIDENT ENERGY PLC
("President" or the "Company")
PrimaryBid INFORMATION FOR PRESIDENT SHAREHOLDERS
ATOME IPO
President Energy (AIM: PPC) the energy company with a diverse portfolio of energy assets provides an update in relation to the PrimaryBid platform and Atome Energy PLC ("Atome")
PrimaryBid - Information for President Shareholders
On 19 November 2021 President announced that a letter had been sent to shareholders setting out certain information relating to the forthcoming spin-off and flotation of Atome on London Stock Exchange's AIM market. The letter referred to how shareholders of President could apply for shares in Atome in the fundraising contemplated to take place at the relevant time via the PrimaryBid platform.
President notes that PrimaryBid will today launch an offer on its platform by which President's shareholders may subscribe for Atome shares as part of Atome's wider fundraising prior to Admission to AIM. President notes that the PrimaryBid offer is accessible by President shareholders through the PrimaryBid app to individual shareholders resident and physically present in the UK.
Details of this information can be found by President shareholders in the PrimaryBid app, at www.primarybid.com or by emailing PrimaryBid on enquiries@primarybid.com.
A copy of Atome's pathfinder admission document is available for information purposes only at www.presidentenergyplc.com and also on Atome's web site at www.atomeplc.com.
Questions
If President shareholders have any questions with regard to the above or how to participate, they should contact their own financial or other professional adviser.
Atome IPO
As can be seen work continues in relation to the IPO of Atome and President expects to announce later this week further details of the upcoming dividend in specie together with the latest information on the IPO process on Atome including timing.
During the course of the IPO process, Atome has received approaches from a number of reputable industry players and funds expressing interest in investing at the project level. Whilst encouraging and a vindication of Atome's strategy, Atome has determined that the forthcoming IPO will both amplify the attractiveness and broaden the audience for Atome and each of its projects thereby gaining greater benefit and value enhancement for Atome's shareholders on the IPO.
Contact:
President Energy PLC Nikita Levine, Investor Relations
| +44 (0) 207 016 7950 info@presidentpc.com |
finnCap (Nominated Advisor and broker) Christopher Raggett, Tim Harper
| +44 (0) 207 220 0500
|
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 Río 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.
Atome Energy is the green hydrogen and ammonia subsidiary of President Energy PLC with intended operations in the Americas and Europe and a targeted separate listing on London Stock Exchange's AIM market later in 2021.
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.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").
The person who arranged for the release of this announcement on behalf of the Company was Peter Levine, Chairman.