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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Atlantis Resources | LSE:ARL | London | Ordinary Share | SG9999011118 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 35.75 | 35.00 | 36.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMARL
RNS Number : 7626O
Atlantis Resources Limited
09 November 2016
9 November 2016
Atlantis Resources Limited
("Atlantis" or the "Company")
Response to BEIS statement on CfD
Atlantis, a global leader in the tidal power sector, is pleased that the Government department for Business, Energy & Industrial Strategy ("BEIS") has this morning clarified its position on the inclusion of marine energy for participation in the forthcoming April CfD allocation round. Whilst the removal of the previously pledged ring-fenced allocation is disappointing, the decision announced today was not unexpected and the Company has a clear view of how to move its UK portfolio forward. The Company looks forward to participating in the 2017 CfD auction with a number of its upcoming projects, and in the interim it will continue discussions with UK and Scottish governments on continuing support for this growth and job creating sector. The Company and its stakeholders remain committed to ensuring that the UK maintains its world leading position in the development of tidal stream power. Phase 1A of the Company's MeyGen project in the Pentland Firth which is currently under construction, benefits from the ROC regime and is on track to deliver first power in 2016.
The BEIS press release can be found here: https://www.gov.uk/government/news/government-sets-out-plans-to-upgrade-uk-energy-infrastructure-and-increase-clean-energy-investment
Enquiries:
Hot Features
Premium
Atlantis Resources via FTI Consulting
Tim Cornelius, Chief Executive
Officer
Simon Counsell, Chief Financial
Officer
Peel Hunt LLP (Nominated Adviser +44 (0)20 7418
and Broker) 8900
Adrian Trimmings
Jock Maxwell Macdonald
+44 (0)20 3727
FTI Consulting 1000
Ben Brewerton
Alex Beagley
James Styles
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUKSURNWAARAA
(END) Dow Jones Newswires
November 09, 2016 08:00 ET (13:00 GMT)
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