SIMEC Atlantis Energy Limited Update on Annual Report and Financial Statements (0845E)
27 Junho 2023 - 9:08AM
UK Regulatory
TIDMSAE
RNS Number : 0845E
SIMEC Atlantis Energy Limited
27 June 2023
27 June 2023
SIMEC Atlantis Energy Limited
("SAE Renewables", "SAE", the "Company" and, together with its
subsidiaries, the "Group")
Update on 2022 Annual Report and Financial Statements
SAE provides the following update in relation to its audited
Annual Report and Financial Statements for its financial year ended
31 December 2022 (the "2022 Annual Report").
SAE will not be in a position to publish the 2022 Annual Report
by 30 June 2023, as required by Rule 19 of the AIM Rules for
Companies (the "AIM Rules"). The Board has been working hard to
sign the 30-year land lease for the 230MW BESS project at the
Group's Uskmouth site which completed on 20 June 2023 and to
receive approval from the holders of the AOE17 debentures to extend
the maturity date of their bonds to 30 June 2024 which completed on
26 June 2023. The Board is working with the auditors to complete
the remaining audit formalities. Whilst the audit process has yet
to be concluded, the Directors have been advised by their auditors
that the audit is substantially complete and that there are no
material audit issues causing this delay. Accordingly, SAE is
targeting the publication of the 2022 Annual Report as soon as the
auditor completes their final processes which is expected to occur
during July 2023.
Accordingly, at the request of the Company, SAE's ordinary
shares will be suspended from trading on AIM with effect from 7:30
a.m. on Monday 3 July 2023. The temporary suspension from trading
on AIM will be lifted once the 2022 Annual Report has been
published.
Notwithstanding the temporary suspension of trading in the
Company's ordinary shares, SAE will continue to make announcements
as and when there are any developments that require announcement in
accordance with its obligations under the AIM Rules.
For further information, please contact:
SAE Renewables
Sean Parsons, Director of External
Affairs +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 Renewables is a global developer, owner and operator of
sustainable energy projects with a diverse portfolio in various
stages of development.
https://www.saerenewables.com/
The information contained in this announcement is deemed by the
Company to constitute inside information as stipulated under
Article 7 of EU Regulation 596/2014 (which forms part of domestic
UK law pursuant to the European Union (Withdrawal) Act 2018). Upon
publication of the announcement via a regulatory information
service, this information is considered to be in the public
domain.
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END
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June 27, 2023 08:08 ET (12:08 GMT)
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