Simec Atlantis Share News (SAE)

IN BRIEF: SIMEC Atlantic Energy shares surge on turbine re-deployment

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Re-deploys 1.5 megawatt turbine at MeyGen site in north Scotland. Says this is a critical step at demonstrating tidal technology at commercial scale.

IN BRIEF: SIMEC Atlantis shares surge on major milestone for project

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Secures the necessary grid variations for its 230 megawatt battery energy storage system project at the Uskmouth site in Wales. Now believes the project is on track to be operational by 2024.

AIM WINNERS & LOSERS: Diurnal shares more than double on takeover bid

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

UK shareholder meetings calendar - next 7 days

IN BRIEF: SIMEC Atlantis wins contract to deliver power at MeyGen

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Wins government support to deliver the next phase of tidal projects. It says it has successfully secured a contract for difference in the latest allocation round for MeyGen site in Scotland. SAE says the CfD guarantees GBP178.54 per megawatt hour for 15 years. The firm it will deliver "28MW of clean, home-sourced, predictable power."

TRADING UPDATES: Scotgems to vote on liquidation; Mkango names new CFO

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

AIM WINNERS & LOSERS: Deltic rises on Shell deal; Windar down on delay

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

SIMEC Atlantis Energy shares tumble on sharp loss in 2021

(Alliance News) - SIMEC Atlantis Energy Ltd on Wednesday posted a greatly widened loss as it described the past 12 months as "very challenging".

IN BRIEF: SIMEC Atlantis Energy wins extension on debenture deed

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Wins a one year extension to the maturity date of its Atlantis Ocean Energy debenture deed to June 30, 2023. The interest due on June 30 will now be paid late but company notes this will be paid no later than September 30. Company also formally requests from Atlantis a deferral of up to three months for interest payment due on June 30. The request for the deferral requires the agreement of 75% by value of debenture holders.

SIMEC Atlantis Energy surges on GBP40 million battery storage contract

(Alliance News) - SIMEC Atlantis Energy Ltd on Tuesday said it has signed a GBP40 million contract for a battery storage project at Uskmouth.

AIM WINNERS & LOSERS: SIMEC wins bumper deal; boohoo settles claim

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

IN BRIEF: SIMEC Atlantis Energy falls on debt repayment discussions

SIMEC Atlantis Energy Ltd - Edinburgh-based energy company - Enters into discussions with Abundance Investment Ltd to extend the timing of the repayment of its Atlantis Ocean Energy PLC debentures. Says it needs more time to make the repayment due to delays at its projects, in particular at its Uskmouth site. These debentures were issues in 2017 and totalled GBP5 million. They were due for repayment on June 30. Company adds it will formally request an extension and potentially a deferral of the upcoming interest payment "shortly".

IN BRIEF: SIMEC Atlantis promotes Hirst to CFO, executive director

SIMEC Atlantis Energy Ltd - Edinburgh-based renewable energy producer - Promotes Simon Hirst to role of chief financial officer and executive director. Hirst has worked at SAE since 2015 and has primarily been responsible for all financial and commercial aspects of the MeyGen project. Says Andrew Charters has resigned his position on the board and has stepped down as CFO. He will remain with the group during a transition period, it adds.

Simec Atlantis gets £2.5m Scottish Enterprise loan for tidal project

(Sharecast News) - Simec Atlantis Energy announced on Friday that its majority-owned MeyGen tidal project has secured a non-convertible loan of £2.5m from Scottish Enterprise.

AIM WINNERS & LOSERS: Quiz shares in style as sales top expectations

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.