SIMEC Atlantis Energy Limited Management change (4171E)
February 28 2020 - 2:00AM
UK Regulatory
TIDMSAE
RNS Number : 4171E
SIMEC Atlantis Energy Limited
28 February 2020
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 SIMEC Atlantis Energy Limited is Tim
Cornelius, Chief Executive Officer of SIMEC Atlantis Energy
Limited.
28 February 2020
SIMEC ATLANTIS ENERGY LIMITED
("Atlantis" or the "Company")
Management change
SIMEC Atlantis Energy Limited ("Atlantis"), the global
developer, owner and operator of sustainable energy projects,
announces that Mr. Andrew Dagley will stand down as Chief Finance
Officer ("CFO"), at the end of February 2020. Andrew will remain an
Executive Director on the Board of Atlantis and will lead the
financing of the Uskmouth waste to energy conversion project.
The Company is pleased to announce that Mr. Stephen Hutt, who
joined Atlantis as part of the acquisition of Green Highland
Renewables in 2019, will be appointed as Group CFO with effect from
1(st) March 2020 but will not be joining the board at this time.
Stephen will be based at the Company's head office in
Edinburgh.
Tim Cornelius, CEO of Atlantis, commented:
"I would like to thank Andrew for his support and hard work,
particularly over the last two years as we have transformed the
Company from a marine energy specialist into a leading developer of
renewable and sustainable energy projects driven by acquisitions in
the hydro and waste to energy sectors. Andrew will now take up a
role focusing on the financial close package for our Uskmouth
conversion project.
I am delighted that Stephen has agreed to accept the CFO
position and I look forward to working closely with him as we
continue to grow the Atlantis group. Stephen joined Atlantis in
2019 as part of the acquisition of Green Highland Renewables, where
he held the dual roles of Managing Director and CFO, and he has
quickly become an integral and highly valued part of the team. His
experience and pedigree in the delivery, financing and operation of
renewable energy projects in the UK will be very valuable as we
seek to finance, construct and commission our flagship projects, as
well as continue to grow our hydro, marine and end of waste project
portfolio."
Enquiries:
SIMEC Atlantis Energy Limited via FTI Consulting
Tim Cornelius, Chief Executive Officer
Stephen Hutt, Chief Financial Officer
Cantor Fitzgerald Europe (Nominated
Adviser and Joint Broker) +44 (0) 20 7894 7000
Rick Thompson
David Porter
Luke Philippou
J.P. Morgan Cazenove (Joint Broker)
Michael Wentworth Stanley +44 (0) 20 7742 4000
FTI Consulting +44 (0) 20 3727 1000
Ben Brewerton
James Styles
Josh Atkins
Notes to Editors
SIMEC Atlantis Energy
SIMEC Atlantis Energy is the global developer, owner and
operator of sustainable energy projects with a diverse portfolio in
various stages of development. This includes a 77% stake in the
world's largest tidal stream power project, MeyGen, and 100%
ownership of the 220MW Uskmouth power station conversion
project
www.simecatlantis.com
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END
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