SIMEC Atlantis Energy Limited Issue of Equity (3707M)
January 21 2021 - 1:00AM
UK Regulatory
TIDMSAE
RNS Number : 3707M
SIMEC Atlantis Energy Limited
21 January 2021
21(st) January 2021
SIMEC ATLANTIS ENERGY LIMITED
("Atlantis", the "Company" or the "Group")
Share Issuance
The Company announces that the subscriber under the share
placement deed, the details of which were announced to the market
on 16 December 2020, has requested that the Company issue 4,838,710
new ordinary shares ("Placing Shares") to the subscriber in
relation to GBP750,000 of the prepayment previously made by the
subscriber to the Company (as announced to the market on 16
December 2020).
Application has therefore been made for the Placing Shares to be
admitted to trading on AIM with admission expected to take place on
or around 26 January 2021 ("Admission"). On Admission, the Placing
Shares will rank pari passu in all respects with all existing
ordinary shares in the Company.
Following Admission of the Placing Shares, the Company's
enlarged issued share capital will comprise 499,163,733 ordinary
shares (none of which are held in treasury). The total voting
rights in the Company is therefore 499,163,733, which figure may be
used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority.
For more information please contact:
+44 (0) 7739 832
SIMEC Atlantis Energy Limited 446
Sean Parsons, Director of
External Affairs
----------------------
Investec Bank PLC - NOMAD +44 (0) 20 7597
and Joint Broker 5970
----------------------
Jeremy Ellis
Sara Hale
Ben Griffiths
----------------------
Arden Partners PLC - Joint
Broker +44 (0) 20 7614 5900
----------------------
Ruari McGirr
Richard Johnson
Simon Johnson
----------------------
Notes to Editors
SIMEC Atlantis Energy
Atlantis is a global developer, owner and operator of
sustainable energy projects with a diverse portfolio in various
stages of development. This includes a 77 per cent. stake in the
world's largest tidal stream power project, MeyGen, 100 per cent.
of the 220MW Uskmouth Power Station conversion project and 100 per
cent. of Green Highland Renewables, a leading developer of
mini-hydro projects.
https://www.simecatlantis.com/
More on the MeyGen Project:
https://simecatlantis.com/projects/meygen/
More on the Uskmouth Project:
https://simecatlantis.com/project-development-operation/simec-uskmouth-power/
Link to 16(th) December 2020 'Share Placement Agreement'
announcement: https://simecatlantis.com/2020/12/16/4690/
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END
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