SIMEC Atlantis Energy Limited Directorate Change (9865B)
October 14 2020 - 2:00AM
UK Regulatory
TIDMSAE
RNS Number : 9865B
SIMEC Atlantis Energy Limited
14 October 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 Atlantis is Tim Cornelius, Chief
Executive Officer of SIMEC Atlantis Energy.
14 October 2020
SIMEC ATLANTIS ENERGY LIMITED
("Atlantis", the "Company" or the "Group")
Directorate Change and appointment of Stephen Hodges as Special
Advisor to the Board of Directors
Atlantis, the global developer, owner and operator of
sustainable energy projects is pleased to announce the appointment
of Duncan Black as a Non-Executive Director, with immediate effect,
and the appointment of Stephen Hodges as Special Adviser to the
Atlantis Board of Directors. The Company confirms that, further to
the announcement on 27 July 2020, Ian Wakelin has now stepped down
from his non-executive Board position.
Duncan brings a wealth of experience in leading investment
groups, advisory firms and power companies within the UK, Asia and
Australia. Duncan has formerly held the positions of Co-Head,
Infrastructure Investment, at Eastspring Investments (part of
Prudential plc), Asia Head of Acquisitions at Deutsche Asset
Management, CFO of CLP Holdings' Australian electricity and gas
utility business, EnergyAustralia, and Head of Finance and
Development at InterGen in Asia Pacific.
Having previously held the position of CFO of Atlantis, and a
NED of the Board up until 2018, Duncan has a deep understanding of
the Company, while his contacts and knowledge of the Asian power
and infrastructure markets will allow Atlantis to pursue expansion
opportunities presented by our project partners in Japan and South
Korea.
Duncan will also take up the position of chair of the Audit
Committee, a committee on which he served previously, and a member
of the Nomination Committee, where he will bring significant
experience and expertise.
Stephen is a waste sector specialist who most recently held the
position of Director of Engineering at Viridor Waste Management
Ltd. His knowledge of the UK waste and waste to energy sector will
be very valuable to both the Board of Directors in his role as
Special Advisor as well as to the Executive Management Team as a
member of the Technical Committee.
Chairman of SIMEC Atlantis Energy, John Neill said:
Duncan is an exceptional candidate with extensive knowledge of
Atlantis, and we are all looking forward to working with him to
establish Atlantis as a global leader in sustainable power
generation. Further, we are delighted that Stephen has agreed to
join the Atlantis team as a Special Advisor. I know that his
extensive industry and technical knowledge will be a very valuable
resource for the Company to draw on as we seek to deliver our
flagship Uskmouth conversion project and build out our fleet of
fuel production plants across the UK.
Duncan's shareholding in Atlantis is 1,042,419 shares (0.21%
issued share capital) and he currently holds directorships with
Asia Infrastructure Advisors Pte. Ltd (formerly known as Lyon Group
Singapore Pte. Ltd), Daestrum Holdings S.A. - Luxembourg and is in
the process of becoming a Director at Impact Energy Development
Limited - Hong Kong. In the last 5 years Duncan has also held
Directorships with Daestrum Capital Pte. Ltd. Singapore (2016 to
2020) and Atlantis Resources Limited (2013 to 2018).
Save as disclosed, there are no other matters which are required
to be disclosed in relation to Duncan Black, aged 50, in accordance
with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for
Companies.
Enquiries:
Investec Bank PLC +44 (0) 20 7597 5970
Jeremy Ellis
Sara Hale
Ben Griffiths
SIMEC Atlantis Energy Limited +44 (0) 7739 832 446
Sean Parsons, Director of External Affairs
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/
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