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 will:
- extend the AOE17 debenture maturity date from 30 June 2023 to 30 June 2024; and
- pay an enhanced interest for the extension period of 10%.
This requested amendment requires the agreement of 75% of the debenture holders by value. The results of the vote are expected before the end of the month.
SAE Renewables will provide a further update at that time.
For further information, please contact:
Sean Parsons, Director of External Affairs
|+44 (0)7739 832 446|
|Strand Hanson Limited (Nominated and Financial Adviser)
|+44 (0)20 7409 3494|
|Zeus Capital Limited (Broker)
|+44 (0)20 3829 5000|
Notes to Editors
SAE Renewables is a global developer, owner and operator of sustainable energy projects with a diverse portfolio in various stages of development.