Future Energy Bond ends subscription

The information contained in this announcement is inside information under the Market Abuse Regulation (EU) No 596 / 2014. The person responsible for arranging the release of this announcement on behalf of SIMEC Atlantis Energy Limited is Tim Cornelius, Chief Executive Officer of SIMEC Atlantis Energy Limited.

5 February 2020

SIMEC ATLANTIS ENERGY LIMITED (“Atlantis” or the “Company”) 

Future Energy Bond ends subscription

Atlantis, a global leader in the sustainable energy sector, is pleased to announce that further to the announcement on 6 August 2019, the bond offer has successfully raised £3.79m and is now closed. The five-year bond has a coupon of 8%, payable semi-annually, and matures in 2024. The bond was offered through Abundance Investment Limited (“Abundance”), the provider of a regulated green peer-to-peer investment platform.

Tim Cornelius, CEO of Atlantis, commented:

“We are pleased by the response to this bond issuance. The proceeds will be deployed to further the successful delivery of our world leading portfolio of renewable and sustainable energy projects, such as the Uskmouth power station conversion in Wales which is entering a particularly exciting phase of development this year.

We are committed to providing solutions for the transition to a low carbon economy across our marine, end-of-waste and hydro project and we would like to thank Abundance and its investors for their continued support. We look forward to delivering strong financial success for all our stakeholders.”

Enquiries:

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
Rick Thompson David Porter Luke Philippou
J.P. Morgan Cazenove (Joint Broker)                       Michael Wentworth Stanley	+44 (0) 20 7742 4000
FTI Consulting	+44 (0) 20 3727 1000
Ben Brewerton James Styles Josh Atkins

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 approximately 1,000 megawatts in various stages of development. This includes a 77% stake in the world’s largest tidal stream power project, MeyGen, and 100% ownership of the 220MW Uskmouth power station conversion project. Atlantis recently acquired the operations and management division of Green Highland Renewables, a leading developer and operator of hydro projects throughout the United Kingdom.

www.saerenewables.com