President Energy PLC PrimaryBid Information for President Shareholders (8981U)
December 08 2021 - 2:00AM
UK Regulatory
TIDMPPC
RNS Number : 8981U
President Energy PLC
08 December 2021
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 +44 (0) 207 016 7950
Nikita Levine, Investor Relations 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.
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END
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