REG - SIMEC AtlantisEnergy - Update on Abundance Bonds

SIMEC Atlantis EnergyAnnouncement

30/06/2022 12:45

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RNS Number : 8597Q  SIMEC Atlantis Energy Limited  30 June 2022

RNS

30 June 2022

SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" and, together with its subsidiaries, the "Group")

 

Update on Abundance Bonds

 

Further to the update on 10 June, SAE is pleased to announce that Atlantis
Future Energy debenture holders have voted to accept the request made to defer
interest payments falling due on 30 June 2022.

 

This means that the interest falling due on 30 June 2022 in relation to the
debenture principals of £4.97m (interest due of £197,166) and £3.79m
(interest due of £150,192) has been deferred for up to 3 months, to 30
September 2022. Additional interest due on the amount that is being paid late
will be applied at a rate equivalent to Barclays PLC published base rate + 3%
per year.

 

As previously announced, SAE plans to use some of the proceeds of the revenue
coming from the announced BESS project at the Uskmouth site to repay the
debenture deeds.

 

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

 Simon Johnson

 

Notes to Editors

 

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

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

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