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…
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 MoreBond repayment update and AIM Rule 26 website change
SIMEC Atlantis Energy Limited (“SAE Renewables”, the “Company” and, together with its subsidiaries, the “Group”) Bond repayment update and AIM Rule 26 website change SAE Renewables (AIM: SAE) is today issuing a communication to its bondholders outlining its plans for repayment of its three 5-year debentures, issued through Atlantis Future Energy (“AFE”) and Atlantis Ocean…
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…
Read MoreBattery Energy Storage Project at Uskmouth receives conditional planning consent
SAE is pleased to announce that the planned 230MW / 460MWh battery energy storage system at the Uskmouth site has been granted planning consent with conditions by Newport City Council. As announced on 24 May 2022, SAE has been working with Energy Optimisation Solutions (“EOS”) and Quinbrook Infrastructure Partners, via their portfolio company Uskmouth Energy…
Read MoreDELIVERY OF NEXT PHASE OF THE WORLD-LEADING MEYGEN PROJECT CONTINUES AT PACE
SIMEC ATLANTIS ENERGY LIMITED (“SAE”, the “Company” and, together with its subsidiaries, the “Group”) Delivery of next phase of the world-leading MeyGen project continues at pace SAE, the global leader in tidal energy, is continuing to make good progress in the delivery of the first commercial-scale tidal array in the world at its MeyGen site…
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