Completion of Marine Current Turbines Acquisition

RNS Number : 7581R

Atlantis Resources Limited

01 July 2015

 



1 July 2015

Atlantis Resources Limited

("Atlantis" or the "Company")

Completion of Marine Current Turbines Acquisition

Atlantis, a global leader in the tidal power sector, is pleased to announce that it has, through a wholly owned subsidiary of the Company, today completed the acquisition of Marine Current Turbines Limited from Siemens AG in an all share deal, conditional upon admission of the consideration shares.

Accordingly, as consideration for the acquisition, Atlantis has issued 9,911,577 new ordinary shares of no par value in the Company to Siemens AG, increasing the Company's total number of issued shares to 99,115,777. The new shares will be admitted to AIM for the commencement of trading at 08:00 today.

Atlantis welcomes Siemens as its second largest shareholder and looks forward to a continuing equipment supply relationship with Siemens.

Enquiries:

Atlantis Resources	via FTI Consulting
Tim Cornelius, Chief Executive Officer
Duncan Black, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker)	[phone]
Daniel Harris Jock Maxwell Macdonald Euan Brown
FTI Consulting	[phone]
Ben Brewerton Alex Beagley Stephanie Blott James Styles

 

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