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SAE Simec Atlantis Energy Limited

1.00
0.21 (26.58%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.21 26.58% 1.00 0.90 1.10 1.25 0.90 0.90 9,918,317 10:28:56
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Steam,gas,hydraulic Turbines 7.4M -9.65M -0.0133 -0.75 7.23M

SIMEC Atlantis Energy Limited Management change (4171E)

28/02/2020 7:00am

UK Regulatory


Simec Atlantis Energy (LSE:SAE)
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TIDMSAE

RNS Number : 4171E

SIMEC Atlantis Energy Limited

28 February 2020

The information contained in this announcement is inside information under the Market Abuse Regulation (EU) No 596 / 2014. The person responsible for arranging the release of this announcement on behalf of SIMEC Atlantis Energy Limited is Tim Cornelius, Chief Executive Officer of SIMEC Atlantis Energy Limited.

28 February 2020

SIMEC ATLANTIS ENERGY LIMITED

("Atlantis" or the "Company")

Management change

SIMEC Atlantis Energy Limited ("Atlantis"), the global developer, owner and operator of sustainable energy projects, announces that Mr. Andrew Dagley will stand down as Chief Finance Officer ("CFO"), at the end of February 2020. Andrew will remain an Executive Director on the Board of Atlantis and will lead the financing of the Uskmouth waste to energy conversion project.

The Company is pleased to announce that Mr. Stephen Hutt, who joined Atlantis as part of the acquisition of Green Highland Renewables in 2019, will be appointed as Group CFO with effect from 1(st) March 2020 but will not be joining the board at this time. Stephen will be based at the Company's head office in Edinburgh.

Tim Cornelius, CEO of Atlantis, commented:

"I would like to thank Andrew for his support and hard work, particularly over the last two years as we have transformed the Company from a marine energy specialist into a leading developer of renewable and sustainable energy projects driven by acquisitions in the hydro and waste to energy sectors. Andrew will now take up a role focusing on the financial close package for our Uskmouth conversion project.

I am delighted that Stephen has agreed to accept the CFO position and I look forward to working closely with him as we continue to grow the Atlantis group. Stephen joined Atlantis in 2019 as part of the acquisition of Green Highland Renewables, where he held the dual roles of Managing Director and CFO, and he has quickly become an integral and highly valued part of the team. His experience and pedigree in the delivery, financing and operation of renewable energy projects in the UK will be very valuable as we seek to finance, construct and commission our flagship projects, as well as continue to grow our hydro, marine and end of waste project portfolio."

Enquiries:

 
 SIMEC Atlantis Energy Limited                via FTI Consulting 
 Tim Cornelius, Chief Executive Officer 
  Stephen Hutt, Chief Financial Officer 
 
 Cantor Fitzgerald Europe (Nominated 
  Adviser and Joint Broker)                 +44 (0) 20 7894 7000 
 Rick Thompson 
  David Porter 
  Luke Philippou 
 
 J.P. Morgan Cazenove (Joint Broker) 
  Michael Wentworth Stanley                 +44 (0) 20 7742 4000 
  FTI Consulting                            +44 (0) 20 3727 1000 
 Ben Brewerton 
  James Styles 
  Josh Atkins 
 

Notes to Editors

SIMEC Atlantis Energy

SIMEC Atlantis Energy is the global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development. This includes a 77% stake in the world's largest tidal stream power project, MeyGen, and 100% ownership of the 220MW Uskmouth power station conversion project

www.simecatlantis.com

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 rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

February 28, 2020 02:00 ET (07:00 GMT)

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