Director/PDMR dealing

(“SAE” or the “Company”)

Director/PDMR dealing

SAE has been notified that, on 27 September 2023, Duncan Black, Chairman, purchased 3,600,000 ordinary shares of no par value in the Company (“Shares”) at a price of 1.15p per shares. Following this purchase Mr Black is interested in 4,642,419 Shares, representing approximately 0.64% of the Company issued ordinary share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the transaction as described above.

1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Duncan Black
2 Reason for the notification
a) Position/status Director
b) Initial notification /Amendment Initial notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name Simec Atlantis Energy Limited
b) LEI 21380056V967FGHNU187
4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument Ordinary shares of no par value
Identification code SG9999011118
b) Nature of the transaction Market purchase
c) Price(s) and volume(s)  
    Price(s) Volume(s)  
    1.15p 3,600,000  
d) Aggregated information  
- Aggregated volume n/a – single transaction
- Price  
e) Date of the transaction 27 September 2023
f) Place of the transaction London Stock Exchange (XLON)





For further information, please contact:


SAE Renewables

Sean Parsons, Director of External Affair

+44 (0)7739 832 446
Strand Hanson Limited (Nominated and Financial Adviser)

Richard Johnson

Rory Murphy

David Asquith


+44 (0)20 7409 3494
Zeus Capital Limited (Broker)

Louisa Waddell

Simon Johnson


+44 (0)20 3829 5000

 Notes to Editors

SAE is a global developer, owner and operator of sustainable energy projects. SAE owns the world's flagship tidal stream project, MeyGen. SAE is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK's largest battery energy storage projects.