Results of the Extraordinary General Meeting

9 December 2021

SIMEC Atlantis Energy Limited

(“SAE”, the “Company” and, together with its subsidiaries, the “Group”)

Results of the Extraordinary General Meeting

Appointment of New Auditors

On 24 November 2021, SAE announced that it had convened an Extraordinary General Meeting of the Company in order to approve the appointment of Moore Stephens LLP (“Moore Stephens”) as auditors of the Company, together with authority to set its remuneration, and authority to allot and issue up to 40,000,000 ordinary shares on a non-pre-emptive basis to satisfy the Company’s obligations pursuant to or in connection with the share placement agreement and warrant instrument entered into by the Company with New Technology Capital Group, LLC on 15 December 2020.

The Company is pleased to announce that at its Extraordinary General Meeting held earlier today, the Resolutions set out in the Notice of Extraordinary General Meeting incorporated into the circular published by the Company on 24 November 2021 were duly approved.

Following approval by ACRA of Ernst & Young’s resignation as auditors of the Company on 3 December 2021, the appointment of Moore Stephens takes effect from 3 December 2021, being the effective date of Ernst & Young’s resignation, and will hold office until the conclusion of the next annual general meeting of the Company at which the audited financial statements are laid.

The results are set out below:

In Favour Against Withheld
Resolution No of Votes % of Votes No of Votes % of Votes TOTAL VOTES No of Votes
To appointment Moore Stephens LLP as Auditor

 

310,823,210 99.89% 334,702 0.11% 311,157,912 81,057
To authorise the Directors to determine the Auditor’s remuneration

 

310,823,210 99.89% 334,702 0.11% 311,157,912 81,057
To authorise the Directors to allow and issue shares pursuant to or in connection with the Share Placement Agreement and Warrant Instrument

 

310,560,010 99.9% 297,902 0.10% 310,857,912 81,057
To disapply pre-emption rights pursuant to or in connection with the Share Placement Agreement and Warrant Instrument

 

310,561,294 99.9% 296,618 0.10% 310,857,912 81,057

 

A “vote withheld” is not a vote in law and is not counted in the calculation of the proportion of the votes for and against the resolution.

Defined terms used in this announcement will have the meanings (unless the context otherwise requires) set out in the Circular published by the Company dated 24 November 2021, which is available on the Company’s website (www.simecatlantis.com).

Enquiries:

SIMEC Atlantis Energy Limited                                                                                                           +44 (0) 7739 832 446
Sean Parsons, Director of External Affairs

Investec Bank plc                                                                                                                                  +44 (0) 20 7597 5970
(Nominated adviser and Joint Broker)
Jeremy Ellis
Ben Griffiths
Shalin Bhamra

Arden Partners plc                                                                                                                                +44 (0) 20 7614 5900
(Joint Broker)
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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