SAE Simec Atlantis Energy Limited

TIDMSAE

RNS Number : 1482R

SIMEC Atlantis Energy Limited

24 October 2023

24 October 2023

SIMEC Atlantis Energy Limited

("SAE", the "Company" and, together with its subsidiaries, the "Group")

Extraordinary General Meeting

SAE announces that a circular containing a notice convening an Extraordinary General Meeting of the Company (the "EGM") will be posted to shareholders today.

Shareholder approval is being sought for the appointment of Nexia Singapore PAC ("Nexia") as auditors of the Company to hold office until the conclusion of the next Annual General Meeting of the Company at which the audited financial statements are laid, together with authority for the directors of the Company to set the remuneration of the auditors.

At the time of publication of the Company's annual report for the year ended 31 December 2022 and as noted in this year's notice of Annual General Meeting held on 11 August 2023, Moore Stephens LLP ("Moore Stephens") had expressed its desire not to seek reappointment as the Company's external auditor as a result of its own internal resources issues and difficulties with the timelines, however, it agreed to stay in office until such time as a replacement auditor was appointed prior to the Company's next annual general meeting.

The appointment of Nexia is conditional on shareholder approval as well as the resignation of Moore Stephens as auditors of the Company, including Moore Stephens obtaining approval from the Accounting and Regulatory Authority of Singapore to resign.

SAE is delighted that Kreston Reeves LLP, the external auditor for the Group's UK entities, will continue in that role.

The EGM will be held at 9 a.m. (London time) on Thursday, 9 November 2023 at the offices of Ashurst LLP, London Fruit & Wool Exchange, 1 Duval Square, London, E1 6PW.

The submission of questions to the Chairman in advance of the meeting, addressing substantial and relevant matters can also be made through the Company's website at "Contact Us" Contact Us - SAE Renewables.

A copy of the circular will be available from the Company's website at www.saerenewables.com .

Enquiries:

SIMEC Atlantis Energy Limited +44 (0) 7739 832 446

Sean Parsons, Director of External Affairs

Strand Hanson Limited (Nominated and Financial Adviser) +44 (0) 20 7409 3494

Richard Johnson

Rory Murphy

David Asquith

Zeus Capital Limited (Broker) +44 (0) 20 3829 5000

Lousie Wadell

Simon Johnson

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.

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END

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October 24, 2023 10:12 ET (14:12 GMT)

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