Make your money go further for just 25p per day

Atlantis - cracking deal brings in cash, ongoing support and a credible new infrastructure investor

Atlantis - cracking deal brings in cash, ongoing support and a credible new infrastructure investor
The global developer of sustainable energy projects has signed a Heads of Terms to sell a 25% shareholding in its Uskmouth Conversion Project to a leading infrastructure fund for £32.9m in cash. In addition to this cash payment the new partner will fund 25% of the project going forward. The proceeds from this sale can be used to fund SAE’s share of the project, thereby limiting future dilution, which is extremely positive for existing shareholders. This is a terrific deal for Atlantis highlighting the value of its power station conversion project and the Group as a whole, which up to now appears to have been ignored by the stock market. Indeed, the implied valuation of Uskmouth from this deal is equivalent to approximately 36p per share of value alone.

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on SIMEC Atlantis Energy Ltd

Rising from the depths | Wine woes | Vaping diworsification?

26/06/2024 · Company Insights

A renewable energy group finally appears to have fallen on a credible business plan sending the…


Atlantis rises from the depths

08/07/2022 · Company Insights

Shares in a sustainable energy specialist soar on news of new government support. Elsewhere shares in…


More Company Insights

AIM new arrivals and departures October 2024

08/11/2024 · GenIP · Pulsar Helium

Challenging outlooks | Reassuringly boring | Hidden value

Stonking Small Cap reports cracking results

06/11/2024 · dotDigital

Sign-up to our free email updates

SIGN UP