The information contained in this announcement is inside information under the Market Abuse Regulation (EU) No 596 / 2014. The person responsible for arranging the release of this announcement on behalf of Atlantis is Tim Cornelius, Chief Executive Officer of Atlantis.
3 April 2018
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN OR INTO ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE RESTRICTED BY ANY APPLICABLE LAW.
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Atlantis Resources Limited (“Atlantis” or the “Company” or the “Group”)
Update on Bond Offer
Atlantis, a global leader in the renewable energy sector, is pleased to announce that following the formal launch of its proposed five-year bond through Abundance Investment Limited, investor commitments have now passed £3.0 million, exceeding the minimum threshold of £2.0m. The Company has also extended the offer to investors which will now remain open until 30 April 2018.
|Atlantis Resources||via FTI Consulting|
|Tim Cornelius, Chief Executive Officer
Andrew Dagley, Chief Financial Officer
|Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker)||+44 (0)20 7894 7000|
|Macquarie Capital (Europe) Limited (Joint Broker)
|+44 (0)20 3037 2000|
|FTI Consulting||+44 (0)20 3727 1000|
Atlantis Resources Limited is a vertically integrated project developer and power generation equipment supplier in the marine power industry. The Atlantis group holds equity positions in a diverse portfolio of tidal stream development projects, which includes a stake of 77% in MeyGen Limited, the company developing the world’s largest tidal stream project in Scotland. In addition, Atlantis is pursuing a number of marine power project opportunities in France, South Korea and Indonesia to complement its UK pipeline.
Atlantis aims to generate revenue from a number of sources:
- Realising value from its equity ownership positions across a portfolio of projects;
- Providing origination and development, construction management and operations management services to marine renewable project owners and developers;
- Turbine manufacture, sales and servicing; and
- Licensing its technology to third party project owners and developers.
Alongside its project development interests, Atlantis owns a portfolio of patents and patent applications relating to tidal power generation, and has developed an extensive range of intellectual property and know-how in a growing global tidal industry that has the potential to achieve over 120,000MW of installed capacity.