TIDMSAE

RNS Number : 9130N

SIMEC Atlantis Energy Limited

28 September 2023

28 September 2023

SIMEC ATLANTIS ENERGY LIMITED

("SAE" or the "Company")

Director/PDMR dealing

SAE has been notified that, on 27 September 2023, Duncan Black, Chairman, purchased 3,600,000 ordinary shares of no par value in the Company ("Shares") at a price of 1.15p per shares. Following this purchase Mr Black is interested in 4,642,419 Shares, representing approximately 0.64% of the Company issued ordinary share capital.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the transaction as described above.

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                     Duncan Black 
      ---------------------------------------  ------------------------------------- 
       Reason for the notification 
  2 
      ------------------------------------------------------------------------------ 
 a)    Position/status                          Director 
      ---------------------------------------  ------------------------------------- 
 b)    Initial notification                     Initial notification 
        /Amendment 
      ---------------------------------------  ------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------ 
 a)    Name                                     Simec Atlantis Energy Limited 
      ---------------------------------------  ------------------------------------- 
 b)    LEI                                      21380056V967FGHNU187 
      ---------------------------------------  ------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ------------------------------------------------------------------------------ 
 a)    Description of the                       Ordinary shares of no par value 
        financial instrument, 
        type of instrument 
 
       Identification code                      SG9999011118 
 
 b)    Nature of the transaction                Market purchase 
      ---------------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s) 
                                                 Price(s)          Volume(s) 
                                                 1.15p             3,600,000 
                                                ----------------  ---------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      n/a - single transaction 
 
  - Price 
 
 e)    Date of the transaction                  27 September 2023 
      ---------------------------------------  ------------------------------------- 
 f)    Place of the transaction                 London Stock Exchange (XLON) 
      ---------------------------------------  -------------------------------------

For further information, please contact:

 
 SAE Renewables 
  Sean Parsons, Director of External 
  Affair                               +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 is a global developer, owner and operator of sustainable energy projects. SAE owns the world's flagship tidal stream project, MeyGen. SAE is also the owner of the Uskmouth Power Station site that is being repurposed into a sustainable energy park, initially housing one of the UK's largest battery energy storage projects.

https://www.saerenewables.com/

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END

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September 28, 2023 02:00 ET (06:00 GMT)

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