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

For access to the top news and insights from the investment world

REGISTER FREE

Become a Champion Investor for just £90 a year.
 
 

START FREE TRIAL

More on SIMEC Atlantis Energy Ltd

​Coronavirus impact: 9 Nov – a renewable energy day

09/11/2020 · Company Insights

Two pioneering companies supporting the renewable energy arena announced positive developments for their rapidly developing technologies.


​Coronavirus impact: 24 Aug – the disposable face mask pandemic

24/08/2020 · Company Insights

Billions of plastic face masks and gloves are causing even greater environmental problems. Companies featured here…


More Company Insights

Data specialist has considerable growth potential in a booming market (Updated)

02/12/2020 · D4t4 Solutions

Is Science in Sport good value at last? (Updated)

02/12/2020 · Science in Sport

Pressure Tech: equity raise to support hydrogen energy growth