REG - SIMEC AtlantisEnergy - AIM Rule 17 - Schedule 2(g) update

SIMEC Atlantis EnergyAnnouncement

27/06/2025 14:45

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RNS Number : 8184O  SIMEC Atlantis Energy Limited  27 June 2025

27 June 2025

 

SIMEC Atlantis Energy Limited

("SAE Renewables", "SAE" or the "Company")

 

 

AIM Rule 17 - Schedule 2(g) update

 

SAE provides the following update in accordance with AIM Rule 17 and Schedule
2(g) sub-paragraph (v) of the AIM Rules for Companies.

 

As part of a process to simplify SAE's corporate structure and to wind up the
dormant corporate entities, certain SAE subsidiaries and one joint venture of
SAE have been placed into creditors voluntary liquidation (CVL)

 

-       Atlantis Resources (Gujarat Tidal) Pte Limited ("ARGL") entered
into a CVL on 25 June 2025

-       Sea Generation Limited ("SGL") entered into a CVL on 30 December
2024

-       NPA Fuels Limited ("NFL"), a joint venture, entered into a CVL
on 26 November 2024

 

Graham Reid, Chief Executive Officer, is a director of ARGL, SGL and NFL.
Simon Hirst, Chief Financial Officer, is a director of ARGL and SGL.

 

SAE is the primary creditor of these companies and the sums due to the parent
company have been written off or fully impaired in the prior years' financial
statements.

 

 

- Ends -

 

 

For further information, please contact:

 

 SAE                                                      +44 (0)7739 832 446

 Sean Parsons, Director of External Affairs

 Strand Hanson Limited (Nominated and Financial Adviser)  +44 (0)20 7409 3494

 Richard Johnson

 Rory Murphy

 David Asquith

 Zeus Capital Limited (Broker)                            +44 (0)20 3829 5000

 Louisa Waddell

 Simon Johnson

 

Notes to Editors

SAE is a global developer, owner and operator of sustainable energy projects.
SAE owns the world's flagship tidal stream project, MeyGen, and the Uskmouth
Power Station site, that is being repurposed into a sustainable energy park
that will become one of the UK's largest battery energy storage sites.
https://www.saerenewables.com/ (https://www.saerenewables.com/)

 

SAE's strategy: "Building a Sustainable Future to 2035", can be viewed in the
company's 2024 Annual report, pages 3-4.

https://saerenewables.com/wp-content/uploads/2024/06/268176-SAE-Annual-Report-2023-CL.pdf
(https://saerenewables.com/wp-content/uploads/2024/06/268176-SAE-Annual-Report-2023-CL.pdf)

 

 

 

Proud to be part of London's universe of Green Economy Equities

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