11 July 2024
SIMEC Atlantis Energy Limited
("SAE Renewables", "SAE" or the "Company")
Director/PDMR Dealings
SAE has been notified of the following purchases of ordinary shares of no par value in the Company ("Shares") by Directors of the Company.
| Name | Position | Number of Shares Purchased
| Price | Resultant Holding | % of Issued Share Capital |
| Simon Hirst | Chief Financial Officer | 850,000 | 1.9875p | 932,034 | 0.13% |
| John Woodley | Non-Executive Director | 500,000 | 2.0025p | 500,000 | 0.07% |
| Graham Reid | Chief Executive Officer | 225,780 | 2.1580p | 225,780 | 0.03% |
| Duncan Black | Chairman | 271,951 | 2.0000p | 4,914,370 | 0.68% |
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail in respect of the transaction as described above.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | 1. Simon Hirst 2. John Woodley 3. Graham Reid 4. Duncan Black
| ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | 1. Chief Financial Officer 2. Non-Executive Director 3. Chief Executive Officer 4. Chairman
| ||||
| b) | Initial notification /Amendment | Initial notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Simec Atlantis Energy Limited | ||||
| b) | LEI | 21380056V967FGHNU187 | ||||
| 4 | Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument | Ordinary shares of no par value | ||||
| | | |||||
| Identification code | SG9999011118 | |||||
| | | |||||
| b) | Nature of the transaction | Market purchase | ||||
| c) | Price(s) and volume(s) | | ||||
| | | | Price(s) | Volume(s) | | |
| | | 1 | 1.9875p | 850,000 | | |
| | | 2 | 2.0025p | 500,000 | | |
| | | 3 | 2.1580p | 225,780 | | |
| | | 4 | 2.0000p | 271,951 | | |
| | | | | | ||
| d) | Aggregated information | | ||||
| | | |||||
| - Aggregated volume | N/A | |||||
| | | |||||
| - Price | | |||||
| | | |||||
| e) | Date of the transaction |
9 July 2024
| ||||
| 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 |
|
|
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| 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. 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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