6 December 2019
SIMEC ATLANTIS ENERGY LIMITED
(“Atlantis”, the “Company” or the “Group”)
Application for Block Admission
SIMEC Atlantis Energy Limited (“Atlantis”), a diversiﬁed sustainable energy generation company, announces that it has made an application for the block admission of 3,000,000 ordinary shares of no par value in the Company (“Ordinary Shares”), which will be issued from time to time within the rules of the Company’s long term incentive scheme, the SIMEC Atlantis Energy Long Term Incentive Plan 2013 (the “Incentive Plan”).
The new Ordinary Shares will rank pari passu in all respects with the existing issued Ordinary Shares of the Company and it is expected that admission will become effective on or around 13 December 2019.
The Company will confirm total voting rights regularly in accordance with the Disclosure Guidance and Transparency Rules and expects to publish its first six monthly block listing return in respect of the Incentive Plan on or around 12 June 2020.
|SIMEC Atlantis Energy Limited
Tim Cornelius, Chief Executive Officer
via FTI Consulting
|Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker)
|+44 (0)20 7894 7000|
|J.P. Morgan Cazenove (Joint Broker)
Michael Wentworth Stanley
|+44 (0) 207 742 4000|
|+44 (0)20 3727 1000|
Notes to Editors
SIMEC Atlantis Energy
SIMEC Atlantis Energy is the global developer, owner and operator of sustainable energy projects with a diverse portfolio of more than 1,000 megawatts in various stages of development. This includes a 77% stake in the world’s largest tidal stream power project, MeyGen, and the conversion of the 220MW Uskmouth Power Station.
We intend this to be the first of a number of acquisitions aiming to transform SIMEC Atlantis into a diversified energy Company of scale, owning development and generating assets across the sustainable energy spectrum in Europe, Asia and Australia, complementing our existing UK pipeline.