Posts by Admin
SAE Renewables successfully deploys upgraded turbine
SIMEC Atlantis Energy Limited (“SAE Renewables”, the “Company” and, together with its subsidiaries, the “Group”) SAE Renewables successfully deploys upgraded turbine SAE is pleased to announce the successful deployment of ‘Turbine 2’ at the MeyGen site. The turbine has undergone significant upgrades to improve performance and reliability. One of the major steps was to convert…
Read MoreUpdate on 2022 Annual Report and Financial Statements
SAE provides the following update in relation to its audited Annual Report and Financial Statements for its financial year ended 31 December 2022 (the “2022 Annual Report”). SAE will not be in a position to publish the 2022 Annual Report by 30 June 2023, as required by Rule 19 of the AIM Rules for Companies…
Read MoreAbundance Bonds update
Further to the Company’s announcement on 2 June 2023, SAE is pleased to announce that the holders of the AOE17 debentures have approved the proposed amendment to the 2017 debenture deed, which: extends the maturity date from 30 June 2023 to 30 June 2024 (the “Extension Period”); and will pay an enhanced interest for the…
Read MoreSAE Renewables issues a request to amend Debenture Deed
Further to the Company’s announcement on 23 February 2023 regarding the amendments to the debenture deeds, SAE Renewables is today issuing a further communication to the holders of the debentures issued in 2017 through Atlantis Ocean Energy (the “AOE17 debentures”), with the support of Abundance Investment Limited, requesting an amendment to the debenture deed, which…
Read MoreSAE achieves another major milestone in the development of the Uskmouth Sustainable Energy Park
Further to the Company’s announcement of 23 February 2023, SAE are delighted to announce that Uskmouth Energy Storage Limited, a portfolio company of Quinbrook Infrastructure Partners, on 23 May 2023, gave formal notice of their exercise of the option to take a lease of land at the Group’s Uskmouth site for one of the UK’s…
Read MoreGrant of options CSOP and LTIP
Grant of options CSOP and LTIP Related Party Transaction Following a review by the Board of Directors (the “Board”) of SAE’s existing Company Share Option Scheme (“CSOP”), a tax efficient scheme open to all employees, and in line with the Board’s view that it is essential for the Company’s executive directors and key senior managers…
Read MoreSAE update on Abundance Bonds and BESS project
SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE”, the “Company” and, together with its subsidiaries, the “Group”) SAE update on Abundance Bonds and BESS project Abundance Bonds Further to the Company’s announcement on 23 February 2023, SAE is pleased to announce that Atlantis Future Energy debenture holders have approved the amendment to the 2018 debenture…
Read MoreMeyGen site generates the world’s first 50GWh of electricity from tidal power
I’m excited to announce a significant milestone for our MeyGen project, for the industry and on our net zero and energy security journey. During the early hours of this morning, and with only marine life for company, our tidal stream array off the coast of the Pentland Firth became the first tidal stream array in…
Read MoreAppointment of Nominated and Financial Adviser
SIMEC Atlantis Energy Limited (“SAE Renewables”, the “Company” and, together with its subsidiaries, the “Group”) Appointment of Nominated and Financial Adviser SAE Renewables (AIM: SAE) is pleased to announce the appointment of Strand Hanson Limited as the Company’s Nominated and Financial Adviser with immediate effect. Zeus Capital Limited will be the Company’s sole broker.…
Read MoreChange of Adviser
SIMEC Atlantis Energy Limited (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Change of Adviser SAE today announces the appointment of Zeus Capital Limited as Joint Broker, with immediate effect. This follows the completion of the acquisition of Arden Partners plc by Zeus Group Limited on 16 January 2023. For further…
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