18 June 2018
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SIMEC Atlantis Energy Limited (“Atlantis” or the “Company” or the “Group”)
Bond Offer Fully Subscribed
Atlantis, a global leader in the renewable energy sector, is pleased to announce that following the formal launch of its proposed five-year bond through Abundance Investment Limited, the bond is fully subscribed at £5.0m and the offer is now closed.
Tim Cornelius, CEO of Atlantis, commented:
“This successful bond issuance completes a remarkable two months for the Atlantis group. Since we announced the oversubscribed £20m equity placing to accompany the proposed acquisition of SIMEC Uskmouth Power Limited and readmission process in May, we have been actively involved in pursuing several acquisition and investment opportunities both within the existing GFG Alliance portfolio and externally to build our sustainable power generation portfolio.
“Our relationship with the GFG Alliance and more specifically our incoming strategic investor, SIMEC, is already providing us with the ability to pursue opportunities that were previously unobtainable. The fact that the Uskmouth conversion presents the UK with a solution to the significant issue of waste treatment by in theory converting one million tonnes a year of non-recyclable waste into a sustainable form of baseload energy that would have otherwise potentially ended up as landfill has generated interest right across Europe.
“We will continue to assess each acquisition opportunity in the waste to energy and hydro power markets on its merits and will update the market on progress in due course.”
|SIMEC Atlantis Energy Limited||via FTI Consulting|
|Tim Cornelius, Chief Executive Officer
Andrew Dagley, Chief Financial Officer
|Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker)||+44 (0)20 7894 7000|
|Macquarie Capital (Europe) Limited (Joint Broker)
|+44 (0)20 3037 2000|
|FTI Consulting||+44 (0)20 3727 1000|