SIMEC Atlantis Energy Limited Investment under Share Placement Agreement (4882V)
April 15 2021 - 2:00AM
UK Regulatory
TIDMSAE
RNS Number : 4882V
SIMEC Atlantis Energy Limited
15 April 2021
15(th) April 2021
SIMEC ATLANTIS ENERGY LIMITED
("Atlantis", 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 6,756,757
ordinary shares ("Placing Shares") to the subscriber in relation to
GBP500,000 of the prepayment previously made by the subscriber to
the Company (as announced to the market on 16 December 2020).
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 19 April ("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 505,920,490 ordinary
shares with voting rights. This figure of 505,920,490 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
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/
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END
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