Molecular Energies PLC Sale of certain shares in Atome Energy PLC (9810F)
July 14 2023 - 2:00AM
UK Regulatory
TIDMMEN
RNS Number : 9810F
Molecular Energies PLC
14 July 2023
14 July 2023
MOLECULAR ENERGIES PLC
("Molecular", "the Company", or "the Group")
Sale of certain shares in Atome Energy PLC ("ATOME")
Molecular Energies PLC (AIM: MEN), the international energy
company, announces a sale of shares in ATOME.
Molecular has disposed of 800,000 ordinary shares in ATOME at a
price of GBP1.00 per share. Reference is made to the announcement
made today by ATOME in this regard and in particular the identity
of the purchaser.
The sale will generate a gain to the Group of GBP800,000.00 as
the shares in ATOME are held at nil cost in the Group accounts. As
a result of the sale, Molecular now holds 8,272,045 ordinary shares
in ATOME representing 20.5% of the entire issued share capital.
Peter Levine, Chairman, commented:
"This first sale of Molecular's investment in Atome not only is
deliberately made to bring in further serious investors into Atome,
broadening the share register, but it also demonstrates the value
both already created by Molecular in Atome and projected in the
future by the planned spin off and IPO of our Green House Capital
division".
For more information please visit www.molecularenergiesplc.com
or contact:
Molecular Energies PLC +44 (0)20 7016 7950
Peter Levine, Chairman info@molecularenergiesplc.com
Rob Shepherd, Group FD
finnCap (Nominated Advisor and
Broker)
Christopher Raggett, George Dollemore +44 (0)20 7220 0500
Tavistock (Financial PR & IR)
Simon Hudson, Nick Elwes, Charles
Baister +44 (0)20 7920 3150
Notes to Editors
Molecular Energies PLC is an AIM listed company at the forefront
of energy development and has interests across the energy spectrum,
from oil and gas projects to subdivisions in the green and
alternative energy sub-sectors.
The Company has oil and gas production in Argentina as well as
exploration assets in both Argentina and Paraguay. The Company has
two separate subdivisions which are focused on early-stage
opportunities in the green and/or alternative energy
sub-sector.
Activities in the green and alternative energy space are being
carried out under the Green House Capital brand and through AIM
listed Atome Energy PLC, a green hydrogen, ammonia, and fertiliser
company operating in Paraguay, Costa Rica and Iceland, in which
Molecular currently has 20.5%.
With a strong strategic and institutional base of support, an
in-country management team as well as the Chairman whose interests
as the largest shareholder are aligned to those of its
shareholders, Molecular 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.
-ends-
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCUOOVRONUBAAR
(END) Dow Jones Newswires
July 14, 2023 02:00 ET (06:00 GMT)
Molecular Energies (LSE:MEN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Molecular Energies (LSE:MEN)
Historical Stock Chart
From Jul 2023 to Jul 2024