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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 |
TIDMARL
RNS Number : 5676X
Atlantis Resources Limited
09 May 2016
9 May 2016
Atlantis Resources Limited
("Atlantis" or the "Company")
Completion of Acquisition of Projects from ScottishPower Renewables
Atlantis, a global leader in the tidal power sector, is pleased to announce that it has, through a wholly owned subsidiary of the Company, completed the acquisition of Scottish tidal project assets from ScottishPower Renewables (UK) Limited ("SPR") in exchange for a stake in the Company's wider development portfolio.
Accordingly, as consideration for the acquisition, Tidal Power Scotland Limited ("TPSL") has issued new ordinary shares to SPR resulting in a shareholding for SPR of 6% of the enlarged share capital of TPSL. As a result of the transaction, TPSL has acquired development rights for an additional 110MW of projects in Scotland, including the seabed rights, grid access and consents for the 10MW Sound of Islay project.
TPSL is the holder of the Company's Scottish development portfolio, including an 85% shareholding in the 398MW MeyGen project.
Enquiries:
+44 (0)20 3727 Atlantis Resources 1000 Tim Cornelius, Chief Executive Officer Simon Counsell, Chief Financial Officer Peel Hunt LLP (Nominated Adviser +44 (0)20 7418 and Broker) 8900 Daniel Harris Jock Maxwell Macdonald Euan Brown +44 (0)20 3727 FTI Consulting 1000 Ben Brewerton Alex Beagley Stephanie Blott James Styles
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQSSMFIMFMSELI
(END) Dow Jones Newswires
May 09, 2016 02:00 ET (06:00 GMT)
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