President Energy,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.
