SIMEC Atlantis Energy Limited Application for Block Admission (8798V)

TIDMSAE

RNS Number : 8798V

SIMEC Atlantis Energy Limited

06 December 2019

6 December 2019

SIMEC ATLANTIS ENERGY LIMITED

("Atlantis", the "Company" or the "Group")

Application for Block Admission

SIMEC Atlantis Energy Limited ("Atlantis"), a diversi ed sustainable energy generation company, announces that it has made an application for the block admission of 3,000,000 ordinary shares of no par value in the Company ("Ordinary Shares"), which will be issued from time to time within the rules of the Company's long term incentive scheme, the SIMEC Atlantis Energy Long Term Incentive Plan 2013 (the "Incentive Plan").

The new Ordinary Shares will rank pari passu in all respects with the existing issued Ordinary Shares of the Company and it is expected that admission will become effective on or around 13 December 2019.

The Company will confirm total voting rights regularly in accordance with the Disclosure Guidance and Transparency Rules and expects to publish its first six monthly block listing return in respect of the Incentive Plan on or around 12 June 2020.

Enquiries:

 
 SIMEC Atlantis Energy Limited                 via FTI Consulting 
 Tim Cornelius, Chief Executive Officer 
  Andrew Dagley, Chief Financial Officer 
 
 Cantor Fitzgerald Europe (Nominated 
  Adviser and Joint Broker)                   +44 (0)207 894 7000 
 Rick Thompson 
  David Porter 
 
 J.P. Morgan Cazenove (Joint Broker) 
  Michael Wentworth Stanley                  +44 (0) 207 742 4000 
 
   FTI Consulting                             +44 (0)20 3727 1000 
 Ben Brewerton 
  Alex Beagley 
  James Styles 
  Molly Stewart

Notes to Editors

SIMEC Atlantis Energy

SIMEC Atlantis Energy is the global developer, owner and operator of sustainable energy projects with a diverse portfolio of more than 1,000 megawatts in various stages of development. This includes a 77% stake in the world's largest tidal stream power project, MeyGen, and the conversion of the 220MW Uskmouth Power Station.

We intend this to be the first of a number of acquisitions aiming to transform SIMEC Atlantis into a diversified energy Company of scale, owning development and generating assets across the sustainable energy spectrum in Europe, Asia and Australia, complementing our existing UK pipeline.

https://simecatlantis.com/

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.

END

ALSCKPDNPBDDKBK

(END) Dow Jones Newswires

December 06, 2019 02:00 ET (07:00 GMT)

Simec Atlantis Energy (LSE:SAE)
Historical Stock Chart
From Jun 2024 to Jul 2024