Results of General Meeting - Unconditional FID
ATOME PLC has announced that all resolutions at its General Meeting were passed, making the Final Investment Decision for its 260,000 tonne-per-year low-carbon fertiliser project in Villeta, Paraguay, unconditional. This includes the approval of the Villeta Transaction and the renewal of share authorities for the Casale Subscription, which will see strategic partner Casale S.A. become a shareholder. Application is being made for the admission to trading on AIM of 20,987,654 new Ordinary Shares issued to Casale at 60p per share, with admission expected on May 21, 2026, at which point the enlarged share capital will be 95,947,584 Ordinary Shares. Early site works at Villeta are anticipated to commence before the end of June 2026.
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Casale Subscription Shares
ATOME (AIM: ATOM), the leading low-carbon fertiliser developer and the UK's only dedicated international industrial scale low-carbon fertiliser company, is pleased to announce that all Resolutions proposed to shareholders at the Company's General Meeting held at 11.00am today were duly passed with Final Investment Decision ("FID") for the flagship 260,000 tonne-per-year low-carbon fertiliser project at Villeta, Paraguay ("Villeta" or "the Project") now unconditional.
Results of General Meeting
Further to the Notice of General Meeting published on 27 April 2026, ATOME is pleased to announce that shareholders have today approved all Resolutions, including the approval of the Villeta Transaction and inter alia the renewal of share authorities to permit the issue and allotment of shares to Casale S.A., the EPC contractor for the Villeta Project (the "Casale Subscription").
As a result of the approvals granted at the General Meeting, FID at Villeta is now unconditional, with strategic partner Casale S.A. becoming a long-term shareholder in ATOME.
The Company is now working to satisfy all conditions precedent prior to First Disbursement in respect of the Villeta Project financing.
The Company expects to commence early site works at Villeta before the end of June 2026, and a further update will be provided before the end of May.
Casale Subscription Shares AIM Application
Following the General Meeting, application is being made to the London Stock Exchange for admission to trading on AIM in respect of the 20,987,654 new Ordinary Shares to be issued to Casale pursuant to the Casale Subscription at the Issue Price of 60p per new Ordinary Share as announced on 24 April 2026 ("Casale Subscription Shares").
The Casale Subscription Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company and the Company expects that Admission of the Casale Subscription Shares will take place at 8.00 a.m. on 21 May 2026.
On Admission of the Casale Subscription Shares, the Company's enlarged issue share capital will amount to 95,947,584 Ordinary Shares.
Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in Appendix III of the announcement published by the Company on 23 April 2023, unless the context requires otherwise.
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