SAE secures support to deliver another phase at the world leading MeyGen project

SAE is delighted to announce that it has successfully secured 4 Contracts for Difference (CfD) in the latest allocation round, for the world leading MeyGen site. These CfD contracts, which guarantees £198 (£/MWh), for 15 years from 31st March 2028 commissioning date, will allow SAE to deliver a total of c.22MW of clean, home-sourced, predictable…

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Results of Annual General Meeting

  SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) Results of Annual General Meeting SAE announces the results of its Company’s Annual General Meeting, held today, August 11th 2023. Resolutions 1 to 7 and resolution 9 were duly passed.  Resolution 8, proposed as an ordinary resolution relating to the disapplication of pre-emption rights,…

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Final results for the year ended 31 December 2022 and notice of the AGM

SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”)  Final results for the year ended 31 December 2022 and notice of the AGM SAE announces its final results for the year ended 31 December 2022. A complete version of the 2022 Annual Report and Accounts (“2022 Annual Report”) can be found here: https://saerenewables.com/investor-relations/company-documents/. The…

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SAE receives next payment for BESS project

SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) SAE receives next payment for BESS project Further to the Company’s announcement on 23 February 2023, SAE is pleased to confirm that it has now received the £4.0m development premium from Uskmouth Energy Storage Limited (“UES”), as part of the arrangements that allow UES to…

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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…

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Update 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…

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Abundance 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…

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SAE 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…

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Grant 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…

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