REG - SIMEC AtlantisEnergy - Notice of EGM Results

SIMEC Atlantis EnergyAnnouncement

09/12/2021 12:45

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RNS Number : 1527V  SIMEC Atlantis Energy Limited  09 December 2021

9 December 2021

SIMEC Atlantis Energy Limited

("SAE", the "Company" and, together with its subsidiaries, the "Group")

Results of the Extraordinary General Meeting

Appointment of New Auditors

On 24 November 2021, SAE announced that it had convened an Extraordinary
General Meeting of the Company in order to approve the appointment of Moore
Stephens LLP ("Moore Stephens") as auditors of the Company, together with
authority to set its remuneration, and authority to allot and issue up to
40,000,000 ordinary shares on a non-pre-emptive basis to satisfy the Company's
obligations pursuant to or in connection with the share placement agreement
and warrant instrument entered into by the Company with New Technology Capital
Group, LLC on 15 December 2020.

The Company is pleased to announce that at its Extraordinary General Meeting
held earlier today, the Resolutions set out in the Notice of Extraordinary
General Meeting incorporated into the circular published by the Company on 24
November 2021 were duly approved.

Following approval by ACRA of Ernst & Young's resignation as auditors of
the Company on 3 December 2021, the appointment of Moore Stephens takes effect
from 3 December 2021, being the effective date of Ernst & Young's
resignation, and will hold office until the conclusion of the next annual
general meeting of the Company at which the audited financial statements are
laid.

The results are set out below:

                                                                             In Favour                Against                               Withheld
 Resolution                                                                  No of Votes  % of Votes  No of Votes  % of Votes  TOTAL VOTES  No of Votes
 To appointment Moore Stephens LLP as Auditor                                310,823,210  99.89%      334,702      0.11%       311,157,912  81,057

 To authorise the Directors to determine the Auditor's remuneration          310,823,210  99.89%      334,702      0.11%       311,157,912  81,057

 To authorise the Directors to allow and issue shares pursuant to or in      310,560,010  99.9%       297,902      0.10%       310,857,912  81,057
 connection with the Share Placement Agreement and Warrant Instrument

 To disapply pre-emption rights pursuant to or in connection with the Share  310,561,294  99.9%       296,618      0.10%       310,857,912  81,057
 Placement Agreement and Warrant Instrument

 

A "vote withheld" is not a vote in law and is not counted in the calculation
of the proportion of the votes for and against the resolution.

Defined terms used in this announcement will have the meanings (unless the
context otherwise requires) set out in the Circular published by the Company
dated 24 November 2021, which is available on the Company's website
(www.simecatlantis.com (http://www.simecatlantis.com) ).

Enquiries:

SIMEC Atlantis Energy
Limited
+44 (0) 7739 832 446

Sean Parsons, Director of External Affairs

Investec Bank plc
 
+44 (0) 20 7597 5970

(Nominated adviser and Joint
Broker)

Jeremy Ellis

Ben Griffiths

Shalin Bhamra

Arden Partners plc
 
+44 (0) 20 7614 5900

(Joint
Broker)

Ruari McGirr

Richard Johnson

Simon Johnson

Notes to Editors

SIMEC Atlantis Energy

SAE 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/ (https://www.simecatlantis.com/)

More on the MeyGen Project: https://simecatlantis.com/projects/meygen/
(https://simecatlantis.com/projects/meygen/)

More on the Uskmouth
Project: https://simecatlantis.com/project-development-operation/simec-uskmouth-power/
(https://simecatlantis.com/project-development-operation/simec-uskmouth-power/)

 

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