Atlantis Resources Limited OEEconfirms No implications for existing EUfunding (5671D)
July 07 2016 - 6:50AM
UK Regulatory
TIDMARL
RNS Number : 5671D
Atlantis Resources Limited
07 July 2016
Thursday 7 July 2016
Atlantis Resources Limited
("Atlantis" or the "Company")
EU confirms Brexit has No implications for existing EU funding
for UK companies
Atlantis welcomes a statement from Ocean Energy Europe ("OEE")
confirming that there will be no impact on existing EU funding of
UK companies as a result of Brexit.
The European Commission has assured OEE that all existing
contracts to award Commission funds (including Horizon 2020, LIFE,
NER 300) and all financing contracts with the European Investment
Bank for companies and organisations in the UK are still valid and
binding.
Moreover, for as long as the UK is a member of the European
Union, companies and organisations in the UK have the right to
apply for funding or financing under new calls or programmes.
Once the UK Government formally notifies the EU of its decision
to cease membership, the process and negotiations could last
several years. Jean-Claude Juncker, President of the European
Commission, confirmed that "until this process of negotiations is
over, the United Kingdom remains a member of the European Union,
with all the rights and obligations that derive from this. (...) EU
law continues to apply to the full to and in the United
Kingdom."
Enquiries:
Atlantis Resources via FTI Consulting
Tim Cornelius, Chief Executive
Officer
Simon Counsell, Chief Financial
Officer
Peel Hunt LLP (Nominated Adviser +44 (0)20 7418
and Broker) 8900
Adrian Trimmings
Jock Maxwell Macdonald
Euan Brown
+44 (0)20 3727
FTI Consulting 1000
Ben Brewerton
Alex Beagley
Stephanie Blott
James Styles
Lochend Wind Energy +44 (0)7825 183837
Alex Dalton
This information is provided by RNS
The company news service from the London Stock Exchange
END
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July 07, 2016 06:50 ET (10:50 GMT)
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