Atlantis Resources Limited Result of Shareholder votes at General Meeting (2933R)

TIDMARL

RNS Number : 2933R

Atlantis Resources Limited

13 June 2018

13 June 2018

RESULT OF SHAREHOLDER VOTES AT GENERAL MEETING

Atlantis Resources Limited ("Atlantis" or the "Company")

Result of Shareholder votes at General Meeting

At the Company's General Meeting held earlier today, 13 June 2018, both of the resolutions were passed on a poll. The results of the poll are set out below.

 
                           In Favour             Against           Total        Withheld 
                                                                    Votes 
                                                                    Cast 
------------------------  --------------------  ----------------  -----------  --------- 
 Resolution                No of        % of     No       % of     No of        No of 
                            votes        votes    of       votes    votes        votes 
                                                  votes 
------------------------  -----------  -------  -------  -------  -----------  ----------- 
 To approve 
  the acquisition 
  of SIMEC Uskmouth 
  Power Limited, 
  to authorise 
  the directors 
  to allot the 
  Ordinary Shares 
  in the Company 
  to be issued 
  pursuant to 
  the Acquisition 
  and the Placing 
  and to change 
  the name of 
  the Company 
  to SIMEC Atlantis 
  Energy Limited.          84,123,046   99.93    57,984    0.07    84,181,030       0 
------------------------  -----------  -------  -------  -------  -----------  ----------- 
 Waiver by Independent 
  Atlantis Shareholders 
  of the right 
  to receive 
  a general offer 
  from SIMEC 
  UK Energy Holdings 
  Ltd (and any 
  person acting 
  in concert 
  with it), arising 
  from SIMEC 
  obtaining through 
  the Acquisition 
  an interest 
  in the Enlarged 
  Share Capital 
  of Atlantis 
  of approximately 
  49.99 per cent.          84,122,646   99.93    58,384    0.07    84,181,030       0 
------------------------  -----------  -------  -------  -------  -----------  ----------- 
 

A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes for and against the resolution.

The completion of the Acquisition and the Placing is expected to occur on 15 June 2018 and, with effect from the same date, the Company's name will change to SIMEC Atlantis Energy Limited.

Application has been made for the Placing Shares, the Consideration Shares and the SIMEC Loan Completion Shares to be admitted to trading on AIM. It is expected that Admission of such shares will become effective and that dealings will commence on 15 June 2018. It is also expected that on 15 June 2018, the Company's existing Ordinary Shares will be re-admitted to trading on AIM.

Unless otherwise defined, the terms used in this announcement have the meanings set out in the Company's announcement published on 21 May 2018.

For further information please contact:

Atlantis Resources Limited Via FTI Consulting

Tim Cornelius, Chief Executive

Andrew Dagley, Finance Director

Evercore Partners International LLP (Financial Adviser)

Marcus Thompson [phone]

Cantor Fitzgerald Europe

   (Nominated Adviser, Joint Broker and Joint Bookrunner)           [phone] 

Rick Thompson

Richard Salmond

David Porter

Macquarie Capital (Europe) Limited (Joint Broker

and Joint Bookrunner) [phone]

Nick Stamp

FTI Consulting [phone]

Ben Brewerton

Alex Beagley

James Styles

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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June 13, 2018 07:35 ET (11:35 GMT)