Molecular Energies PLC, 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 £1.00 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 £800,000.00 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".
