SIMEC Atlantis Energy Limited Share Issuance (2868V)
December 10 2021 - 5:43AM
UK Regulatory
TIDMSAE
RNS Number : 2868V
SIMEC Atlantis Energy Limited
10 December 2021
RNS
10 December 2021
SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" or the "Group")
Share Issuance
The Company announces that the subscriber under the share
placement deed (the "Subscription Agreement"), the details of which
were announced to the market on 16 December 2020, has requested
that the Company issue 26,230,769 ordinary shares ("Placing
Shares") to the subscriber in relation to GBP341,000 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 15(th) December 2021 ("Admission"). On
Admission, the Placing Shares will rank pari passu in all respects
with all existing ordinary shares in the Company. Following the
issuance of the Placing Shares, no further shares remain to be
issued under the Subscription Agreement.
Following Admission of the Placing Shares, the Company's
enlarged issued share capital will comprise 722,812,335 ordinary
shares with voting rights. This figure of 722,812,335 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
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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END
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