REG - SIMEC AtlantisEnergy - Share Issuance

SIMEC Atlantis EnergyAnnouncement

09/11/2021 07:00

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RNS Number : 6948R  SIMEC Atlantis Energy Limited  09 November 2021

 

 

 

RNS

09 November 2021

 

SIMEC ATLANTIS ENERGY LIMITED

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

Share Issuance

 

The Company announces that the subscriber under the share placement deed, the
details of which were announced to the market on 16 December 2020, has
requested that the Company issue 22,230,769 ordinary shares ("Placing Shares")
to the subscriber in relation to £289,000 of the subscription, the purchase
price of which has been prepaid by the subscriber. Application has therefore
been made for the Placing Shares to be admitted to trading on AIM with
admission expected to take place on or around 11(th) November 2021
("Admission"). On Admission, the Placing Shares will rank pari passu in all
respects with all existing ordinary shares in the Company.

Following Admission of the Placing Shares, the Company's enlarged issued share
capital will comprise 696,581,566 ordinary shares with voting rights. This
figure of 696,581,566 ordinary shares may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the Disclosure Guidance
and Transparency Rules of the Financial Conduct Authority.

For more information please contact:

 

 

 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

 Ben Griffiths

 Arden Partners PLC - Joint Broker           +44 (0) 20 7614 5900

 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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