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
  0.105 6.77% 1.655 1.55 1.70 1.65 1.505 1.55 5,245,001 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 12.2 -19.4 -4.0 - 11

SIMEC Atlantis Energy Limited Share Issuance

28/07/2021 7:00am

UK Regulatory (RNS & others)

Simec Atlantis Energy (LSE:SAE)
Historical Stock Chart

From Jul 2021 to Oct 2021

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RNS Number : 6704G

SIMEC Atlantis Energy Limited

28 July 2021


28th July 2021


("Atlantis", the "Company" or the "Group")

Share Issuance

The Company announces that the subscriber under the share placement deed, the details of which were announced to the market on 16 December 2020, has requested that the Company issue 11,904,762 ordinary shares ("Placing Shares") to the subscriber in relation to GBP500,000 of the subscription, the purchase price of which has been prepaid by the subscriber. Application has therefore been made for the Placing Shares to be admitted to trading on AIM with admission expected to take place on or around 29(th) July 2021 ("Admission"). On Admission, the Placing Shares will rank pari passu in all respects with all existing ordinary shares in the Company.

Following Admission of the Placing Shares, the Company's enlarged issued share capital will comprise 535,369,112 ordinary shares with voting rights. This figure of 535,369,112 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

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 28, 2021 02:00 ET (06:00 GMT)

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