SIMEC Atlantis Energy Limited Company update (1979G)
23 July 2021 - 4:00PM
UK Regulatory
TIDMSAE
RNS Number : 1979G
SIMEC Atlantis Energy Limited
23 July 2021
RNS
23 July 2021
SIMEC ATLANTIS ENERGY LIMITED
("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.
https://www.simecatlantis.com/
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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