President Energy PLC Dividend in specie in Atome Energy PLC (6901W)
December 24 2021 - 1:59AM
UK Regulatory
TIDMPPC
RNS Number : 6901W
President Energy PLC
24 December 2021
24 December 2021
PRESIDENT ENERGY PLC
("President" or the "Company")
Dividend in specie in Atome Energy PLC
Important information
President Energy (AIM: PPC), the energy company with a diverse
portfolio of energy assets provides an update in relation to the
distribution by way of dividend in specie of its holding in Atome
Energy PLC ("Atome").
Dividend in specie
On 17 December 2021, the Company published details confirming
that shareholders would receive
1 Ordinary Share in Atome for every 169 Ordinary Shares in
President held on the Record Date.
Shareholders located in USA, Australia, Canada, Japan, South
Africa, New Zealand ("Restricted Territories") are ineligible to
receive Ordinary Shares in Atome. In such cases, these shares will
be transferred to Atome's broker for orderly disposal in the market
with any proceeds (after deduction of commissions and fees)
remitted to the relevant shareholders. The disposal is expected to
take place as soon as reasonably practicable following Admission
with remittances by cheque immediately after.
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 the London Stock Exchange
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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