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27 Jul 2020 07:00
The information contained in this announcement is inside information under the Market Abuse Regulation (EU) No 596 / 2014. The person responsible for arranging the release of this announcement on behalf of SIMEC Atlantis Energy Limited is Tim Cornelius, Chief Executive Officer of SIMEC Atlantis Energy Limited.
27 July 2020
SIMEC ATLANTIS ENERGY LIMITED
("Atlantis", the "Company" or the "Group")
Directorate Change
SIMEC Atlantis Energy, the global developer, owner and operator of sustainable energy projects, announces that Ian Wakelin, Non-executive Director and Chair of the Audit Committee, has resigned from the Board of Atlantis having accepted the role of Chairman of Viridor Group, a British waste company.
Mr Wakelin will leave the Company's Board in October and will in the interim assist the transition of the Audit Committee to a new chair.
Atlantis has begun the search for a suitable replacement and a further announcement will be made in due course.
Ian Wakelin, Non-executive Director and Chair of the Audit Committee commented:
"I have thoroughly enjoyed my time working with the talented team at Atlantis on the groundbreaking Uskmouth project and the rest of their exciting portfolio under development. I am stepping down to prevent any future conflicts of interest given my new role at Viridor, however I look forward to monitoring progress closely and to watching the Company flourish".
John Neill, Chairman of Simec Atlantis, commented:
"I am delighted for Ian on his appointment as Chairman for the Viridor Group and on behalf of the Atlantis Board, wish him well. I would like to thank him for his service, contributions and leadership over the past two years.
He has been invaluable in providing guidance to management and fellow board members and has put Atlantis in a very strong position to successfully complete the conversion of its flagship project, Uskmouth and to continue to pioneer and deliver sustainable energy projects across the globe."
For more information, please contact:
SIMEC Atlantis Energy Limited Sean Parsons, Director of External Affairs
| Tel: +44 (0) 7739832446 |
Investec Bank plc (Nominated Adviser and Sole Broker) Jeremy Ellis Sara Hale Ben Griffiths
| Tel: +44 (0) 20 7597 5970 |
FTI Consulting Ben Brewerton Caroline Cutler Chris Laing | Tel: +44 (0) 20 3727 1000 |
SIMEC Atlantis Energy
SIMEC Atlantis Energy is the global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development. This includes a 77% stake in the world's largest tidal stream power project, MeyGen,100% ownership of the 220MW Uskmouth power station conversion project and 100% ownership of Green Highland Renewables, a leading developer of mini-hydro power projects.
www.simecatlantis.com
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