Share Name Share Symbol Market Type Share ISIN Share Description
Simec Atlantis Energy Limited LSE:SAE 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
  0.025 1.2% 2.10 2.00 2.10 2.30 2.05 2.30 24,416,144 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 12.2 -19.4 -4.0 - 14

SIMEC Atlantis Energy Limited Company update

23/07/2021 7:00am

UK Regulatory (RNS & others)

Simec Atlantis Energy (LSE:SAE)
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From Jul 2021 to Oct 2021

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RNS Number : 1979G

SIMEC Atlantis Energy Limited

23 July 2021


23 July 2021


("SAE", the "Company" and, together with its subsidiaries, the "Group")

Company update

SAE, the global sustainable energy generation company and technology developer, refers to its earlier announcements on 18 May 2021 and 9 June 2021 regarding the appointment of receivers over all of the shares of its major shareholder, SIMEC UK Energy Holdings Limited ("SUEH"), which SAE understands owns approximately 41% of the issued share capital of SAE.

The GFG Alliance (of which SUEH is a member) has confirmed to SAE that the receiver's appointment has ceased, and the receivers have resigned as directors of SUEH. The GFG Alliance has also confirmed that they are in control of the SAE shares.

SAE understands that this matter is now resolved and looks forward to a more stable relationship with its major shareholder. SAE is an independent company, whose focus remains the delivery of its world leading projects, which can play a critical role in the journey to net zero.

For more information please contact:

                                   +44 (0) 7739 832 
SIMEC Atlantis Energy Limited       446 
Sean Parsons, Director of 
 External Affairs 
Investec Bank PLC - NOMAD          +44 (0) 20 7597 
 and Joint Broker                   5970 
Jeremy Ellis 
 Sara Hale 
 Ben Griffiths 
  Arden Partners PLC - Joint 
  Broker                          +44 (0) 20 7614 5900 
  Ruari McGirr 
  Richard Johnson 
  Simon Johnson 

Notes to Editors

SIMEC Atlantis Energy

SAE is a global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development. This includes a 77 per cent. stake in the world's largest tidal stream power project, MeyGen, 100 per cent. of the 220MW Uskmouth Power Station conversion project and 100 per cent. of Green Highland Renewables, a leading developer of mini-hydro projects.


More on the MeyGen Project: https://simecatlantis.com/projects/meygen/

More on the Uskmouth Project: https://simecatlantis.com/project-development-operation/simec-uskmouth-power/

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(END) Dow Jones Newswires

July 23, 2021 02:00 ET (06:00 GMT)

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