SIMEC Atlantis Energy Limited Issue of Equity (6521Z)
May 25 2021 - 2:00AM
UK Regulatory
TIDMSAE
RNS Number : 6521Z
SIMEC Atlantis Energy Limited
25 May 2021
25(th) May 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
17,543,860 ordinary shares ("Placing Shares") to the subscriber in
relation to GBP1,000,000 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 28th May
("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 523,464,350 ordinary
shares with voting rights. This figure of 523,464,350 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
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/
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