SIMEC Atlantis Energy Limited Investment under Share Placement Agreement (7542S)
March 18 2021 - 7:59AM
UK Regulatory
TIDMSAE
RNS Number : 7542S
SIMEC Atlantis Energy Limited
18 March 2021
18/03/2021
SIMEC Atlantis Energy Limited
("SAE" or the "Company")
Investment under Share Placement Agreement
SAE is pleased to announce that it has received a second tranche
investment of GBP2,000,000 from a subscription to be made by way of
a prepayment for ordinary shares under the share placement deed,
the details of which were announced to the market on 16 December
2020.
Subsequent application will be made to the London Stock Exchange
plc in due course (at the time of any share issuance) for any
ordinary shares issued and allotted in relation to the prepayment
to be admitted to trading on AIM. Such ordinary shares will only be
issued to the extent that the Company has corporate authority to do
so.
As previously announced, the proceeds from the subscription will
be used by the Company to allow SAE to take advantage of investment
opportunities across the Company's tidal energy, Uskmouth
conversion, energy pellet, hydro and sustainable infrastructure
project portfolio.
For more information please contact:
Enquiries:
SIMEC Atlantis Energy Limited +44 (0) 7739 832 446
Sean Parsons, Director of
External Affairs
-----------------------
Investec Bank PLC - NOMAD
and Joint Broker +44 (0) 20 7597 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/
Importance notice
The shares referred to herein have not been and will not be
registered under the US Securities Act of 1933, as amended (the "US
Securities Act"), and may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the US Securities
Act. There will be no public offering of the shares in the United
States.
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END
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