Member Info for oldtramp

This is quite interesting

“ with the remaining 24.7% minority stake being owned by BESS Investment UK Limited, part of a global renewable energy group, which has committed to an equity investment of £4.2m into the holding company and a £3.6m shareholder loan

Owned by

Canadian solar

https://find-and-update.company-information.service.gov.uk/company/12370408/officers

https://find-and-update.company-information.service.gov.uk/company/16559847/officers

Obviously no problem but a positive

Https://m.youtube.com/watch?v=upqtHkc_6Ro

Evening JF they are shares available to be issued to directors/high level staff etc performance related .

@ invisible

SAE don’t do RNS times

They come at any part of the trading day/week.

Company seems happy

https://www.linkedin.com/company/saerenewables?trk=profile-position

👏👏To all lTHs

Good news for us

Ordinary Resolution 9, as stated in the meeting notice, is a proposal to grant the company's directors the authority to disregard existing pre-emption rights when issuing new shares. This means the directors would have the power to offer new shares to whomever they choose, without first offering them to existing shareholders in proportion to their current holdings.

Looks like the AGM statement will come late again was 5.30pm last year.

Be interesting to see if any updates come tomorrow apart from all resolutions passed .

No EIA required for phase 2

https://marine.gov.scot/sites/default/files/screening_opinion_24.pdf

Also agree Pask

@yorkie

SAE has achieved the next step in delivering its 'Building a Sustainable Future to 2035' strategy by taking full ownership of the 120MW Battery Energy Storage System ("BESS") project at the Uskmouth Sustainable Energy Park ("USEP"). According to the Company's latest estimates, the BESS project will generate average annual revenues of £12m and annual average EBITDA of £9m per annum in its first five full years of operation. The estimated capital cost of the project is £65m, which includes the deferred consideration and transaction costs.

https://saerenewables.com/120mw-240mwh-bess/#:~:text=SAE%20has%20achieved%20the%20next,deferred%20consideration%20and%20transaction%20costs.

The project is set to run for 30 years .The fact they are selling the freehold for £9m to EL on completion could change the net profit a bit as they will have to pay tax deductible rent on the land .

Hope that helps

Cue Strangy83 😂

Cue Stangy

Have a good weekend all.

Https://find-and-update.company-information.service.gov.uk/company/SC347501/filing-history

just been going through the meygen plc accounts

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/pq1imtq_rv7ssybae3cfqdyrylgis7_l_-iefe7afte/application-pdf?x-amz-algorithm=aws4-hmac-sha256&x-amz-credential=asiawrgbdbv3dkru36rb%2f20250701%2feu-west-2%2fs3%2faws4_request&x-amz-date=20250701t184408z&x-amz-expires=60&x-amz-security-token=iqojb3jpz2lux2vjeol%2f%2f%2f%2f%2f%2f%2f%2f%2f%2fweacwv1lxdlc3qtmijimeyciqcvn%2fpbom2pfscggufejvxprmdlabl4jldhiejqu2ngwwihapiil8gnnzaitcfoh7sws5n7cj91risiqgu%2b%2f5kwdr9lksmfcnv%2f%2f%2f%2f%2f%2f%2f%2f%2f%2fweqbromndq5mji5mdmyodiyigzrizkmliramqm27w8qlwuv3zwy1kcyklcbs%2b7kgq8zvquergxijix2j0fqtraeqe2ytvmpjzjun1izp1tic0ofiyggg0nkw%2btjjykefsfdbch3puy%2beiboojkdoebq1079v8pjx%2fu8j2pbz9ubt8fjqbaowmohvwsvok2cig%2fpjyhqynzz8tdfhzkuj38yphwxrabgnyz2bh07yml1gr4qd627wqd7bq0%2frodp%2fua%2bkzcissnxep2wipaydm8xmkzz%2bktomczfo0ykyxxwp15v4kp8didtrao9ld%2fgtdreatfdgt1xhqa7rwpnj3nrn26bgpsa4vylg7y8qw8pgel34trdpkglbar5yborsoeogeynkjkunoqntni%2bqk6z%2b%2fs8f4wlxchfq2ozmwbtgvhnhaiiex8%2bw1rnkx9e6qx11wrsvimtqhp14ta965%2fyzmmopjwukeqpzurynlaz%2frlad5xat80b3y2mscaj3b5k39ravl%2felyqq8f335mk2ddwyahit%2fwydhxk6nppxdda3nsxcayns2m44c%2b%2fh%2ftrtczpucm9dcoo%2bm2q9dhrq4jfyibavdu3llsd%2fcbvrlmxqdhfzl8tbhs3gtkmjqbvo7g9j%2baes5rgobqalhylkjxaqc4yh38x8mduy8m2w7u55hsjn48ov2yd4w9ttgl551jxsli%2f8glmicgijcpxx9j2qcc%2b%2bishm4h7c4kxzbkyfoldbg00uozk1soy%2fzwjjtnvuohgkpv9jlpagpdupt9lct%2ffymakqz5tasoj9wib***z66xllqzrppbbznvavbms5hadxdblvouppmmoo%2fveex8kjbyofi0wrjdxbfslv2bu4mztvgrsanl6urodqjllucduvdhw8ydckjvxner6kw8gmr%2bmwklmqwwy6saf%2bpcfwtjoweq43ygurznzwbsfyyfe1qcsqd7hsbpzkkytldic%2f3cbnd59nkiozvzihm3hn%2bjp6ko8wv8ixdbrdvzjthbokohqhngwpvlzzaoos7z2h9oormcxgfu3dejwgnro6h2wwc0brr4m%2bof5cyxzqd15yeqhypraf5%2bc7n1ylsrernvkv%2fo5q9g9hhvacedt6gy0zwqz5ywfmgv6ymhh95g3yuf3kytgvbvuqra%3d%3d&x-amz-signedheaders=host&response-content-disposition=inline%3bfilename%3d%22sc347501_aa_2025-06-30.pdf%22&x-amz-signature=40d1c1d132d5ae2a24de5d0aea49d5260444617782a67a66305c7210d34485af

as we know sae is not legally responsible for the debt .surely it is better to leave that side of the business and let someone with a clean slate takeover from the receivers?

as we know the bess side of the company is the way forward and the tidal with someone like proteus without the debt incurred in the early days which has become impossible to repay.

financially the bess projects would soon become viable and lucrative.

Sorry to hear that TL your input will be missed best of luck with your ongoing investments .

Page 45 for anyone interested.

Re AW1

Found it interesting that they are selling the freehold to Electric Land for £9m on completion of Financial close .

Also mentions a minority stake of 24.9% in the project to another entity.

Senior debt facility seems to be nearing completion.

https://saerenewables.com/wp-content/uploads/2025/06/270190-SAE-Annual-Report-cl-spreads.pdf

What is your thoughts chaps ?

“It's my 5-year anniversary, however it's also time for me to say goodbye at ENGAGE and begin exploring a new start. After engaging with hundreds of organisations, signing deals across thousands of enterprise conversations, from all over the world and $5 million in closed revenue later. It’s finally time to look ahead.

However not only just myself, as many of my colleagues across the several departments have been affected by the layoffs, many of whom are incredibly gifted, driven and experienced individuals. “

https://www.linkedin.com/feed/update/urn:li:activity:7328996372689395712