Result of AGM

Result of AGM SAE announces that at the Annual General Meeting of the Company held today, all resolutions put to shareholders were duly passed, with the exception of special resolution 8 which was not passed. All resolutions were decided on a poll. The Company will engage with the largest of those shareholders that voted against Resolution…

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Director/PDMR Dealings

Director/PDMR Dealings SAE has been notified of the following purchases of ordinary shares of no par value in the Company (“Shares”) by Directors of the Company. Name Position Number of Shares Purchased   Price Resultant Holding % of Issued Share Capital Simon Hirst Chief Financial Officer 850,000 1.9875p 932,034 0.13% John Woodley Non-Executive Director 500,000…

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Final results for the year ended 31 December 2023 and notice of AGM

Final results for the year ended 31 December 2023 and notice of AGM SAE announces its audited final results for the year ended 31 December 2023. A complete version of the 2023 Annual Report and Accounts (“2023 Annual Report”) can be found here: http://www.rns-pdf.londonstockexchange.com/rns/6507T_1-2024-6-24.pdf The 2023 Annual Report, a notice of Annual General Meeting (“AGM”)…

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Application for up to 300MW / 1.2GWh Scotland BESS project

Application for up to 300MW / 1.2GWh Scotland BESS project SAE is pleased to announce that it has submitted an application for Section 36 consent to the Scottish Government’s Energy Consents Unit for a battery energy storage system (“BESS”) project of up to 300MW, sized for up to 4 hours duration (1.2GWh). The project, named…

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SAE receives the next milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)  

SAE receives the next milestone payment from Battery Energy Storage System (“BESS”) project at Uskmouth Sustainable Energy Park (“USEP”)   SAE is pleased to announce it has received the next milestone payment of £2m under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. The milestone payment was received following the…

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SAE achieves another Battery Energy Storage System (“BESS”) milestone

SAE achieves another Battery Energy Storage System (“BESS”) milestone SAE is pleased to announce that it has received the first £5m milestone payment under its agreement with EL (Uskmouth) Limited (“EL”), a subsidiary of FPC Electric Land. On 5 December 2023, SAE announced that it had agreed to sell the freehold land owned by SAE…

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Company Auditor update

Further to shareholder approval at the Company’s extraordinary general meeting on 9 November 2023, the Company confirms that the resignation of Moore Stephens LLP has been approved by the Accounting and Regulatory Authority of Singapore, pursuant to the requirements of the Companies Act (Chapter 50) of Singapore. Consequently, Nexia Singapore PAC has been appointed as…

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Major milestone reached in BESS project

Major milestone reached in BESS project SAE is pleased to announce that the next Battery Energy Storage System (“BESS”) project at the Uskmouth site has been granted planning consent with conditions by Newport City Council.  This is another significant milestone in the business’s plan to develop 1GW of BESS at the Uskmouth Sustainable Energy Park,…

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Adoption of new LTIP and Grant of LTIP and CSOP options

SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) Adoption of new LTIP and Grant of LTIP and CSOP options   SAE announces that that the Company’s Remuneration Committee has approved the adoption of a new long term incentive plan (“LTIP”), following expiry of the previous LTIP on 10 December 2023 after a ten-year…

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Update on Abundance voting

SIMEC Atlantis Energy Limited (“SAE Renewables”, “SAE” or the “Company”) Update on Abundance voting Following the announcement on the 5 December 2023, SAE confirms that more than 75% of each class of the Abundance bondholders by value have voted in favour of the requested amendments to the debenture deeds. The amendments to the deeds are…

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