More about Simec Atlantis. Simec Atlantis Energy Share Chat (SAE) Follow SAE. It seems to say that together the two elements raised £5m, but the total number of shares appears to be double the stated intention and would raise £10m @ 16p. The accelerated bookbuild will commence immediately following this announcement. Project Stroma will connect two additional Atlantis AR2000 turbines via the new subsea hub to a single power export cable which will then be connected via the MeyGen substation to the National Grid. Leveraging technologies developed for the oil & gas and offshore wind industries, we have adapted tested products to our new turbine design to deliver an approximate 50% reduction in the CAPEX costs on a per turbine basis associated with turbine grid connection compared to MeyGen Phase 1. Interesting. Learn about all aspects of Simec Atlantis Energy, from our renewable energy tidal turbine operations to our management structure & business values. Simec Atlantis Energy Share Chat (SAE) Follow SAE. ", 11 February 2019 -- Placing to be conducted by way of an accelerated bookbuild process by Cantor Fitzgerald Europe in accordance with the terms and conditions set out in the Appendix to this announcement. ("Atlantis", the "Company" or the "Group") Completion of this acquisition together with our portfolio of hydro, tidal power and waste-to-energy projects across Scotland and Wales, would make us an important player in the United Kingdom's endeavours to decarbonise responsibly whilst at the same time creating domestic employment opportunities and attracting inward investment. The PrimaryBid Offer is expected to remain open until 9.00 p.m. today. An adaption of our hub will be able to connect multiple floating offshore wind turbines in deep water, helping this industry on its cost down trajectory." The support of our shareholders on this capital raise helps us towards completion of the acquisition of this unique portfolio of Scottish hydro assets. -- A further announcement launching the PrimaryBid Offer will be made shortly. Simec Atlantis Energy Limited has a 4 week average price of 16.75p and a 12 week average price of 10.50p. - is expected to provide an immediate and material contribution to the Company of earnings and cash flow generated by a sizeable portfolio of operational hydroelectric assets; Over the last year, Simec Atlantis share price has been traded in a range of 23.5, hitting a high of 30.00, and a low of 6.50. Sell. Buy. Nobody has posted any Simec Atlantis insights yet, Recent share chat for Simec Atlantis (SAE.L), Recent insights for Simec Atlantis (SAE.L). Buy. -- Proposed Placing of up to 31,250,000 new Ordinary Shares at 16 pence per share to raise gross proceeds of up to GBP5 million. Search SIMEC Atlantis Energy… Investor Relations. Over the last year, Simec Atlantis share price has been traded in a range of 23.5, hitting a high of 30.00, and a low of 6.50. 3 hours ago The latest Simec Atlantis Energy share price (SAE). to the mid-market closing price of 17 pence on 27 March 2019, being the last practicable trading day prior to release of this announcement. 28 March 2019 It has a market capitalisation of £13,764 m, with approximately 492 m shares in issue. - will provide long-term visibility on earnings and cash flow generation; There are currently 491,577,655 shares in issue and the average daily traded volume is 1,037,918 shares. "The iconic MeyGen project is once again at the forefront of the development of the marine energy industry in Europe. - will add SIMEC GHR's highly regarded and experienced management team who have a best-in-class operational and development reputation; Latest note out this morning https://bit.ly/2Uu2z. Simec Atlantis Energy Limited Ord Npv (Di) is listed on the London Stock Exchange trading with ticker code SAE.L. Can anyone make any sense out of the announcement of the results of the placing and open offer? The 1 year high share price is 32.10p while the 1 year low share price is currently 6.88p. Management are currently exploring a number of funding options for the capital expenditure associated with Project Stroma, including a potential issue of the Company's first listed bond. - will enable the Company to benefit from synergies across its tidal and hydro businesses in project development, delivery and operation; and The length of power export cable as well as the amount of onshore conversion equipment required for grid connection will be significantly reduced, as will the amount of horizontal directional drilling required and the amount of vessel time required for cable installation. The GHR team are world class developers of renewable energy projects and they share our vision of growing a portfolio of high quality sustainable energy assets. The subsea hub will allow multiple turbines to be connected to a single power export cable, which will significantly reduce the costs associated with grid connection. - illustrates the benefits and inherent value to the Company of its access to the GFG Alliance's pipeline of renewable power assets and the support of SIMEC.