REG - SIMEC AtlantisEnergy - Request to amend Debenture Deed

SIMEC Atlantis EnergyAnnouncement

02/06/2023 09:45

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RNS Number : 4999B  SIMEC Atlantis Energy Limited  02 June 2023

2 June 2023

 

SIMEC Atlantis Energy Limited

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

 

 

SAE Renewables issues a request to amend Debenture Deed

 

Further to the Company's announcement on 23 February 2023 regarding the
amendments to the debenture deeds, SAE Renewables is today issuing a further
communication to the holders of the debentures issued in 2017 through Atlantis
Ocean Energy (the "AOE17 debentures"), with the support of Abundance
Investment Limited, requesting an amendment to the debenture deed, which will:

 

•           extend the AOE17 debenture maturity date from 30 June
2023 to 30 June 2024; and

•           pay an enhanced interest for the extension period of
10%.

 

This requested amendment requires the agreement of 75% of the debenture
holders by value. The results of the vote are expected before the end of the
month.

 

SAE Renewables will provide a further update at that time.

 

 

 

For further information, please contact:

 

 SAE Renewables                                           +44 (0)7739 832 446

 Sean Parsons, Director of External Affair

 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 Renewables is a global developer, owner and operator of sustainable energy
projects with a diverse portfolio in various stages of development.

https://www.saerenewables.com/ (https://www.saerenewables.com/)

 

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