A new investor has taken a stake in Leeds-based green hydrogen and ammonia production company Atome Energy.
Molecular Energies, the former parent company of Atome prior to the company’s spin-out and IPO, has sold 800,000 ordinary shares, representing about 2 per cent of the issued share capital at a price of £1.00 per share.
The purchaser was CFT Ventures, a Guernsey registered company, being the Crandall Family Trust.
Mark Crandall was the head of Glencore’s oil trading business before co-founding international commodity trader Trafigura with five other founding partners in 1993. After leaving Trafigura, Crandall founded and is currently chairman and member of the executive board of PostScriptum Energy Pte Ltd, a renewable energy developer active in grid-connected development in Europe and in the development of green hydrogen projects on three continents.
Following the deal, Molecular’s stake in Atome stands at about 8.27 million ordinary shares, representing 20.5 per cent of theentire issued share capital.
Peter Levine, chairman at Atome Energy, said: “I am pleased that Molecular Energies has facilitated this transaction which enlarges and diversifies our serious strategic investor base.
Next article: Insider hosts inaugural ABL Summer BBQ
Previous article: Knight Frank appointed to market large warehouse unit
“Mark and I go back to the early Trafigura days. I am confident he will be an active and constructive shareholder going forward.”
Atome Energy is advised by Beaumont Cornish (nominated adviser), Liberum (joint broker), SP Angel (joint broker) and finnCap (joint broker).
Molecular Energies is advised by finnCap (nominated advisor and broker).
VIEW ALL YORKSHIRE NEWS VIEW MORE YORKSHIRE DEALS NEWS
TAGS
Atome Energy / CFT Ventures / Crandall Family Trust / Leeds-based green hydrogen and ammonia production company / Molecular Energies / Peter Levine, chairman at Atome Energy /