Business
Proposed Acquisition
Proposed Acquisition.
About this update from Ampeak Energy Limited
[{"type":"text","content":"\n \nRNS Number : 3344Z Atlantis Resources Limited 14 December 2017 \n\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014.\nTHIS ANNOUNCEMENT, INCLUDING INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATES OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (COLLECTIVELY, THE \"UNITED STATES\"), CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR IN OR INTO ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE PROHIBITED BY ANY APPLICABLE LAW.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AND DOES NOT CONSTITUTE, CONTAIN OR FORM PART OF AN OFFER TO SELL OR ISSUE OR A SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE, ANY SECURITIES IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \n14 December 2017\nAtlantis Resources Limited\n(\"Atlantis\" or the \"Company\")\nProposed Acquisition of SIMEC Uskmouth Power Limited, Creation of a Renewable Energy Platform and Change of Name to SIMEC Atlantis Energy Limited \n \nThe boards of directors of Atlantis and SIMEC UK Energy Holdings Limited (\"SIMEC\"), a GFG Alliance company, are pleased to announce that that they have signed a conditional share purchase agreement (\"Share Purchase Agreement\") pursuant to which Atlantis (or a wholly owned subsidiary of Atlantis) has agreed to acquire the entire issued share capital of SIMEC Uskmouth Power Limited (\"SUP\") in consideration for the issue to SIMEC of new Atlantis Ordinary Shares representing 49.99 per cent. of the share capital of Atlantis (the \"Acquisition\"). \nThe SIMEC group already owns an interest in Tidal Lagoon plc, the company developing tidal lagoon opportunities in Wales and north-west England. The Acquisition provides a means for SIMEC to obtain a material stake in Atlantis's portfolio of tidal stream and barrage projects, including Atlantis's flagship MeyGen project in northern Scotland and the Wyre estuary project in Lancashire as well as international opportunities in Europe, Asia and North...