Atlantis Resources Limited Completion of Marine Current Turbines Acquisition (7581R)
July 01 2015 - 2:00AM
UK Regulatory
TIDMARL
RNS Number : 7581R
Atlantis Resources Limited
01 July 2015
1 July 2015
Atlantis Resources Limited
("Atlantis" or the "Company")
Completion of Marine Current Turbines Acquisition
Atlantis, a global leader in the tidal power sector, is pleased
to announce that it has, through a wholly owned subsidiary of the
Company, today completed the acquisition of Marine Current Turbines
Limited from Siemens AG in an all share deal, conditional upon
admission of the consideration shares.
Accordingly, as consideration for the acquisition, Atlantis has
issued 9,911,577 new ordinary shares of no par value in the Company
to Siemens AG, increasing the Company's total number of issued
shares to 99,115,777. The new shares will be admitted to AIM for
the commencement of trading at 08:00 today.
Atlantis welcomes Siemens as its second largest shareholder and
looks forward to a continuing equipment supply relationship with
Siemens.
Enquiries:
Atlantis Resources via FTI Consulting
Tim Cornelius, Chief Executive Officer
Duncan Black, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and
Broker) +44 (0)20 7418 8900
Daniel Harris
Jock Maxwell Macdonald
Euan Brown
FTI Consulting +44 (0)20 3727 1000
Ben Brewerton
Alex Beagley
Stephanie Blott
James Styles
This information is provided by RNS
The company news service from the London Stock Exchange
END
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