Atlantis Resources Limited Management Change (0840N)

TIDMARL

RNS Number : 0840N

Atlantis Resources Limited

04 August 2017

Friday 4 August 2017

Atlantis Resources Limited

("Atlantis" or the "Company")

Management change

Atlantis, a global leader in the marine power sector, announces that Simon Counsell will stand down as Chief Finance Officer ("CFO") and his last day with the Company will be the 31(st) August 2017. The Company is pleased to announce that Andrew Dagley, current Head of Corporate Finance, will be appointed as CFO.

Simon has been with Atlantis since October 2015 and successfully led the finance team through the relocation from Singapore to Edinburgh. Simon is stepping down in order to pursue other business interests but will work to ensure an orderly hand over with Andrew.

Andrew has been with Atlantis since prior to the IPO in 2014 and has spent considerable time working closely with both Simon and his predecessor, Duncan Black. Andrew joined Atlantis from IFM Investors, one of the largest infrastructure investors in the world with approximately A$90 billion in funds under management.

Tim Cornelius, Chief Executive of Atlantis, said:

"I would like to thank Simon for his support and hard work over the last two years as we have transitioned the finance department from Singapore to Edinburgh, where he has built a highly competent team. On behalf of the Board, I would like to thank Simon for his efforts and wish him the very best for his future endeavours.

"I am delighted that Andrew will have the opportunity to join the operations board as CFO. Andrew joined Atlantis in 2014 and has been an integral part of the team since then. He worked on the IPO, the acquisition of Marine Current Turbines from Siemens AG and the financial close of MeyGen Phase 1A. He brings a wealth of experience in global renewable energy generation and we all look forward to working with him as we continue to build on Atlantis's successes."

Enquiries:

 
 Atlantis Resources                    via FTI Consulting 
 Tim Cornelius, Chief Executive 
  Officer 
  Andrew Dagley, Chief Financial 
  Officer 
 Peel Hunt LLP (Nominated Adviser          [phone] 
  and Joint Broker)                                  8900 
 Adrian Trimmings 
  Jock Maxwell Macdonald 
  George Sellar 
 Macquarie Capital (Europe) Limited        [phone] 
  (Joint Broker)                                     2000 
 Raj Khatri 
  Nick Stamp 
                                           [phone] 
 FTI Consulting                                      1000 
 Ben Brewerton 
  Alex Beagley 
  James Styles 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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August 04, 2017 02:01 ET (06:01 GMT)