TIDMPPC
RNS Number : 9518Q
President Energy PLC
02 November 2021
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
Tim Blythe, Alice McLaren, Madeleine atome@blytheweigh.com
Gordon-Foxwell
- Ends -
Contact:
President Energy PLC
Rob Shepherd, Group FD +44 (0) 207 016 7950
Nikita Levine, Investor Relations info@presidentpc.com
finnCap (Nominated Advisor)
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
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
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END
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November 02, 2021 02:59 ET (06:59 GMT)
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