Edwin Coe is delighted to announce that it has advised Beaumont Cornish Limited (the Nominated Adviser), as well as finnCap Limited and S.P. Angel Corporate Finance LLP (as joint brokers) on Atome Energy PLC’s admission to AIM, the London Stock Exchange’s market for small and medium growth companies. The AIM Placing and Primary Bid Offer at 80p per share raised £6 million, with an additional £3 million standby facility. Atome Energy PLC intends to use the income to fund ongoing projects.
Atome Energy PLC is a Leeds-based green energy company, with large-scale production planned in Iceland and Paraguay targeting the fast-growing global demand for eco-friendly power. Green hydrogen is widely considered to be a key ESG clean energy resource in the UK’s bid to reach net-zero emission targets by 2050. It can be widely used in industries such as heavy goods vehicles, maritime shipping and certain industrial processes where batteries or other forms of alternative power to fossil fuels are not expected to fulfil the required needs.
Daniel Bellau, Partner, led the Edwin Coe team alongside Trainee Tara Mirjani-Arjenan. Daniel commented “We are delighted to have advised our colleagues at Beaumont Cornish, finnCap and S.P. Angel Corporate Finance on this pioneering transaction. Green energy will be increasingly important to us all and we wish Atome Energy every success with their plans.”
You can read Atome Energy’s announcement on their admission to AIM and First Day of Dealings here.