We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 : 2208J
Atlantis Resources Limited
27 June 2017
27 June 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN OR INTO ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE RESTRICTED BY ANY APPLICABLE LAW.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT FORM PART OF AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
Atlantis Resources Limited
("Atlantis" or the "Company")
Launch of Bond
Further to the Company announcement made on 15 June, Atlantis, a global leader in the tidal power sector is pleased to announce the formal launch through the Abundance Investment platform of a proposed five year, bond offer maturing 2022. The bond has a coupon of 8%, payable semi-annually. The bond offer seeks to raise a minimum of GBP2 million and a maximum of GBP5 million, and is expected to close on or before 16 August 2017, which date may be extended by 2 months at the discretion of the directors.
Subject to completion of the bond offer the proceeds of the issue will be used to progress and accelerate the development of the best opportunities in the Atlantis project pipeline, to repay some more expensive debt, and to provide general working capital for the Atlantis group. The issuing entity is a wholly owned UK based subsidiary of the Company, and the bonds, which are unsecured, will benefit from a parent company guarantee from Atlantis.
Tim Cornelius, CEO, Atlantis Resources Ltd, said:
"As we embark on the most exciting time in the history of tidal power, this bond offer represents a chance for ordinary investors to help Atlantis to grow and share in its financial success. The bonds will help us achieve the huge potential the ocean offers for generating clean, unseen, environmentally benign, highly predictable power across the world. ."
Enquiries:
Atlantis Resources via FTI Consulting Tim Cornelius, Chief Executive Officer Simon Counsell, Chief Financial Officer +44 (0)20 3727 FTI Consulting 1000 Ben Brewerton Alex Beagley James Styles Abundance Investment Martin Campbell +44 (0)7802 martin@beaconstrategic.com 634 695
This information is provided by RNS
The company news service from the London Stock Exchange
END
IODOKADPKBKBAAB
(END) Dow Jones Newswires
June 27, 2017 02:01 ET (06:01 GMT)
1 Year Atlantis Chart |
1 Month Atlantis Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions