SIMEC Atlantis Energy Limited Future Energy Bond Ends Subscription (9732B)
February 05 2020 - 2:00AM
UK Regulatory
TIDMSAE
RNS Number : 9732B
SIMEC Atlantis Energy Limited
05 February 2020
The information contained in this announcement is inside
information under the Market Abuse Regulation (EU) No 596 / 2014.
The person responsible for arranging the release of this
announcement on behalf of SIMEC Atlantis Energy Limited is Tim
Cornelius, Chief Executive Officer of SIMEC Atlantis Energy
Limited.
5 February 2020
SIMEC ATLANTIS ENERGY LIMITED
("Atlantis" or the "Company")
Future Energy Bond ends subscription
Atlantis, a global leader in the sustainable energy sector, is
pleased to announce that further to the announcement on 6 August
2019, the bond offer has successfully raised GBP3.79m and is now
closed. The five-year bond has a coupon of 8%, payable
semi-annually, and matures in 2024. The bond was offered through
Abundance Investment Limited ("Abundance"), the provider of a
regulated green peer-to-peer investment platform.
Tim Cornelius, CEO of Atlantis, commented:
"We are pleased by the response to this bond issuance. The
proceeds will be deployed to further the successful delivery of our
world leading portfolio of renewable and sustainable energy
projects, such as the Uskmouth power station conversion in Wales
which is entering a particularly exciting phase of development this
year.
We are committed to providing solutions for the transition to a
low carbon economy across our marine, end-of-waste and hydro
project and we would like to thank Abundance and its investors for
their continued support. We look forward to delivering strong
financial success for all our stakeholders."
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) 20 7894 7000
Rick Thompson
David Porter
Luke Philippou
J.P. Morgan Cazenove (Joint Broker)
Michael Wentworth Stanley +44 (0) 20 7742 4000
FTI Consulting +44 (0) 20 3727 1000
Ben Brewerton
James Styles
Josh Atkins
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
approximately 1,000 megawatts in various stages of development.
This includes a 77% stake in the world's largest tidal stream power
project, MeyGen, and 100% ownership of the 220MW Uskmouth power
station conversion project. Atlantis recently acquired the
operations and management division of Green Highland Renewables, a
leading developer and operator of hydro projects throughout the
United Kingdom.
www.simecatlantis.com
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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
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