TIDMSAE

RNS Number : 4186P

SIMEC Atlantis Energy Limited

18 October 2021

RNS

18 October 2021

SIMEC ATLANTIS ENERGY LIMITED

("SAE", 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 23,076,923 ordinary shares ("Placing Shares") to the subscriber in relation to GBP300,000 of the subscription, the purchase price of which has been prepaid by the subscriber. 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 20(th) October 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 674,350,797 ordinary shares with voting rights. This figure of 674,350,797 ordinary shares 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 
 Ben Griffiths 
                                ---------------------- 
 
  Arden Partners PLC - Joint 
  Broker                          +44 (0) 20 7614 5900 
                                ---------------------- 
Ruari McGirr 
 Richard Johnson 
 Simon Johnson 
                                ----------------------

Notes to Editors

SIMEC Atlantis Energy

SAE 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/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOELVLFFFBLEFBQ

(END) Dow Jones Newswires

October 18, 2021 08:59 ET (12:59 GMT)

Simec Atlantis Energy (LSE:SAE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Simec Atlantis Energy Charts.
Simec Atlantis Energy (LSE:SAE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Simec Atlantis Energy Charts.