Last checked at 1 Jul 2015 07:00
1 July 2015
Atlantis Resources Limited
("Atlantis" or the "Company")
Completion of Marine Current Turbines Acquisition
Atlantis, a global leader in the tidal power sector, is pleased to announce that it has, through a wholly owned subsidiary of the Company, today completed the acquisition of Marine Current Turbines Limited from Siemens AG in an all share deal, conditional upon admission of the consideration shares.
Accordingly, as consideration for the acquisition, Atlantis has issued 9,911,577 new ordinary shares of no par value in the Company to Siemens AG, increasing the Company's total number of issued shares to 99,115,777. The new shares will be admitted to AIM for the commencement of trading at 08:00 today.
Atlantis welcomes Siemens as its second largest shareholder and looks forward to a continuing equipment supply relationship with Siemens.
Enquiries:
Atlantis Resources | via FTI Consulting |
Tim Cornelius, Chief Executive Officer | |
Duncan Black, Chief Financial Officer | |
Peel Hunt LLP (Nominated Adviser and Broker) | +44 (0)20 7418 8900 |
Daniel Harris Jock Maxwell Macdonald Euan Brown | |
FTI Consulting | +44 (0)20 3727 1000 |
Ben Brewerton Alex Beagley Stephanie Blott James Styles |