Whenever there has been a change in the total number of shares in issue during the previous month then, the Company is legally required to announce how many shares were in issue on the last day of the previous month.
Pokerchips, when you sell part of your shareholding you can't choose which shares you've sold. You have to follow the matching rules, which I imagine is what your broker does (unless your holding is spread over more than one broker which will require a manual calculation). If dividends are reinvested this is treated as 2 transactions for tax purposes. The amount of the dividend as income and the amount of the dividend reinvested as a share purchase for that cost.
So the way I see it is the bond holders can receive quarterly interest in shares but only if shareholders agree to give authority for share issuance. There doesn't seem to be anything to void the rest of the restructuring if the shareholders don't give the authority. In any case resolution 2 is not required to appease the bond holders and I will vote against this, whilst deciding what to vote for resolution 1.
Tho RNS of 24 Feb states "45 days from conclusion of successful procurement". I'm wondering what will be considered successful procurement. Was it when the materials started to be fabricated as stated in RNS of 19 Apr or will it be once materials are completed & delivered. 45 days from 19 Apr is 3 Jun. But, IMO I think it will be 45 days from when materials are delivered. Any views?
Planning is not for the conversion. From RNS 24/3/21:-
Planning permission is sought for the construction of new silos, conveyors, and rail upgrade for handling the new fuel external to the existing Uskmouth power station and not for the conversion of the power station itself. Before being called in, the planning officer for Newport City Council had recommended approval of planning permission, subject to certain conditions.
I don't think the next investment is due until June, so is it part of this (from December RNS):-
"Atlantis may also obtain further additional investments from the Investor, in an aggregate amount of up to £4,000,000, with the consent of the Investor, for new Shares with the aggregate value of £4,180,000 after the initial and subsequent investments"