18 Mar 2021 12:59
18/03/2021
SIMEC Atlantis Energy Limited
("SAE" or the "Company")
Investment under Share Placement Agreement
SAE is pleased to announce that it has received a second tranche investment of £2,000,000 from a subscription to be made by way of a prepayment for ordinary shares under the share placement deed, the details of which were announced to the market on 16 December 2020.
Subsequent application will be made to the London Stock Exchange plc in due course (at the time of any share issuance) for any ordinary shares issued and allotted in relation to the prepayment to be admitted to trading on AIM. Such ordinary shares will only be issued to the extent that the Company has corporate authority to do so.
As previously announced, the proceeds from the subscription will be used by the Company to allow SAE to take advantage of investment opportunities across the Company's tidal energy, Uskmouth conversion, energy pellet, hydro and sustainable infrastructure project portfolio.
For more information please contact:
Enquiries:
SIMEC Atlantis Energy Limited | +44 (0) 7739 832 446 |
Sean Parsons, Director of External Affairs | |
Investec Bank PLC - NOMAD and Joint Broker | +44 (0) 20 7597 5970 |
Jeremy Ellis Sara Hale Ben Griffiths | |
Arden Partners PLC - Joint Broker |
+44 (0) 20 7614 5900 |
Ruari McGirr Richard Johnson Simon Johnson
|
Notes to Editors
SIMEC Atlantis Energy
Atlantis is a global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development. This includes a 77 per cent. stake in the world's largest tidal stream power project, MeyGen, 100 per cent. of the 220MW Uskmouth Power Station conversion project and 100 per cent. of Green Highland Renewables, a leading developer of mini-hydro projects.
https://www.simecatlantis.com/
More on the MeyGen Project: https://simecatlantis.com/projects/meygen/
More on the Uskmouth Project: https://simecatlantis.com/project-development-operation/simec-uskmouth-power/
Link to 16th December 2020 'Share Placement Agreement' announcement: https://simecatlantis.com/2020/12/16/4690/
Importance notice
The shares referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act. There will be no public offering of the shares in the United States.
Simec Atlantis (SAE)