Atlantis Resources Limited Launch of Bond (4373D)
January 31 2018 - 2:00AM
UK Regulatory
TIDMARL
RNS Number : 4373D
Atlantis Resources Limited
31 January 2018
31 January 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RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE,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
STATES, CANADA, AUSTRALIA JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR
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.
Atlantis Resources Limited
("Atlantis" or the "Company")
Launch of Bond
Atlantis, a global leader in the renewable energy sector, is
pleased to announce the formal launch through Abundance Investment
Limited, the provider of a regulated green peer-to-peer investment
platform, of a proposed five-year bond which matures in 2023. The
bond has a coupon of 8%, payable semi-annually. The bond offer
seeks to raise a minimum of GBP2 million and a maximum of GBP5
million, and is expected to close in Q1 2018.
Subject to completion of the bond offer, the proceeds of the
issue will be used to progress and accelerate the development of
the best opportunities in the Atlantis project pipeline, including
the recently announced Uskmouth power station conversion and the
Wyre tidal gateway project, to repay some more expensive debt, and
to provide general working capital for the Atlantis group. The
issuing entity is a newly-incorporated, wholly owned UK based
subsidiary of the Company, and the bonds, which are unsecured, will
benefit from a parent company guarantee from Atlantis. The bonds
will otherwise have the same terms as the GBP5 million 8% bonds due
2022 issued via the Abundance platform in July 2017.
Tim Cornelius, CEO, Atlantis Resources Ltd, said:
"As we embark on our transformational deal with SIMEC and the
GFG Alliance to create a global, diversified renewable energy
platform, this bond offer represents a chance for ordinary
investors to help Atlantis to grow and share in our future
financial success. The bonds will help us commence work on
transformational projects such the Uskmouth power station
conversion and the Wyre tidal gateway project. These bonds will
help us achieve our ambition of becoming one of the largest and
most diversified renewable energy companies on the London Stock
Exchange"
Market Abuse Regulation
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 Atlantis is Tim Cornelius, Chief
Executive Officer of Atlantis.
Enquiries:
Atlantis Resources via FTI Consulting
Tim Cornelius, Chief Executive
Officer
Andrew Dagley, Chief Financial
Officer
Cantor Fitzgerald Europe
(Nominated Advisor and Joint
Broker)
Andrew Craig +44 (0)20 7894
Richard Salmond 7000
Macquarie Capital (Europe)
Limited (Joint Broker)
Raj Khatri +44 (0)20 3037
Nick Stamp 2000
+44 (0)20 3727
FTI Consulting 1000
Ben Brewerton
Alex Beagley
James Styles
Abundance Investment +44 (0)20 3475
Louise Wilson 8666
This information is provided by RNS
The company news service from the London Stock Exchange
END
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