SIMEC Atlantis Energy Limited Bond Offer Fully Subscribed
June 18 2018 - 2:00AM
RNS Non-Regulatory
TIDMSAE
SIMEC Atlantis Energy Limited
18 June 2018
18 June 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED
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IN OR INTO ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION,
DISTRIBUTION OR RELEASE WOULD BE RESTRICTED BY ANY APPLICABLE
LAW.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
FORM PART OF AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY,
SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY SECURITIES IN ANY
JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE
UNLAWFUL.
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 GBP5.0m 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
GBP20m 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."
ENDS
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
Richard Salmond
Macquarie Capital (Europe) Limited
(Joint Broker)
Nick Stamp +44 (0)20 3037 2000
FTI Consulting +44 (0)20 3727 1000
Ben Brewerton
Alex Beagley
James Styles
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END
NRAKMGMVLNGGRZG
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June 18, 2018 02:00 ET (06:00 GMT)
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