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
  0.035 2.44% 1.47 1.40 1.50 1.54 1.40 1.425 18,831,968 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Alternative Energy 12.2 -19.4 -4.0 - 10

SIMEC Atlantis Energy Says Power Station Permit Variation Blocked; Shares Drop

07/10/2021 10:12am

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Simec Atlantis Energy (LSE:SAE)
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By Sabela Ojea


Shares in SIMEC Atlantis Energy Ltd. dropped on Thursday after the company said that the Welsh government has blocked Natural Resources Wales from making a determination on the permit variation application for the conversion of the Uskmouth power station.

The energy company said NRW had previously indicated that it was minded to award the variation to the existing permit to allow the coal-powered plant to run on fuel pellets.

"SAE will consider all available legal options and will seek to ensure that the Welsh Government understands how critical this project is to South Wales, Newport, to key industries and the hundreds of employees whose jobs are at risk," the London-listed company said.

Shares at 0839 GMT were down 0.75 pence, or 33%, at 1.55 pence.


Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix


(END) Dow Jones Newswires

October 07, 2021 04:57 ET (08:57 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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