Completion of Marine Current Turbines Acquisition

Atlantis Resources Limited

(“Atlantis” or the “Company”)

Atlantis, a global leader in the tidal power sector, is pleased to announce that it has, through a wholly owned subsidiary of the Company, today completed the acquisition of Marine Current Turbines Limited from Siemens AG in an all share deal, conditional upon admission of the consideration shares.

Accordingly, as consideration for the acquisition, Atlantis has issued 9,911,577 new ordinary shares of no par value in the Company to Siemens AG, increasing the Company’s total number of issued shares to 99,115,777. The new shares will be admitted to AIM for the commencement of trading at 08:00 today.

Atlantis welcomes Siemens as its second largest shareholder and looks forward to a continuing equipment supply relationship with Siemens.



Atlantis   Resources

via   FTI Consulting

Tim Cornelius,   Chief Executive Officer


Duncan Black,   Chief Financial Officer




Peel Hunt LLP   (Nominated Adviser and Broker)

+44 (0)20 7418   8900

Daniel Harris

Jock Maxwell Macdonald

Euan Brown




FTI Consulting

+44 (0)20 3727   1000

Ben Brewerton

Alex Beagley

Stephanie Blott

James Styles


Leave a Comment

You must be logged in to post a comment.