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On 12 August 2025, David Taaffe, COO of SIMEC Atlantis Energy Limited (SAE), exercised 956,522 LTIP options at 1.15p per share and 1,033,333 options at 1.5p per share, resulting in the issue of 1,989,855 new Ordinary Shares. Mr. Taaffe then sold these 1,989,855 Ordinary Shares at 2.725p per share on the same day, following which SAE's total Ordinary Shares in issue stand at 724,802,190.
| Date | 14 Aug 2025 |
| Time | 09:15:00 |
| Category | Director/PDMR dealings |
| ID | 3382V |
14 August 2025
SIMEC Atlantis Energy Limited
("SAE", the "Company" or, together with its subsidiaries, the "Group")
Dealing by PDMR
SAE announces that, on 12th August 2025, David Taaffe, COO, exercised 956,522 LTIP options ("Options") over ordinary shares of no par value in the capital of the Company ("Ordinary Shares") at 1.15p per share and 1,033,333 Options at 1.5p per shares, resulting in the issue of a total of 1,989,855 new Ordinary Shares. On the same day, David Taaffe sold 1,989,855 Ordinary Shares at 2.725p per share.
Total Voting Rights
The new Ordinary Shares are being issued pursuant to the block listing application, as announced on 11th August 2025, therefore the Company is issuing 1,989,855 new Ordinary Shares, following which there are 724,802,190 Ordinary Shares in issue. Shareholders should therefore use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information, please contact:
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SAE Sean Parsons, Director of External Affairs |
+44 (0)7739 832 446 |
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Strand Hanson Limited (Nominated and Financial Adviser) Richard Johnson Rory Murphy David Asquith |
+44 (0)20 7409 3494 |
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Zeus Capital Limited (Broker) Louisa Waddell Simon Johnson
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+44 (0)20 3829 5000 |
Notes to Editors
SAE is a global developer, owner and operator of sustainable energy projects. SAE owns the world's flagship tidal stream project, MeyGen, and the Uskmouth Power Station site, that is being repurposed into a sustainable energy park that will become one of the UK's largest battery energy storage sites. https://www.saerenewables.com/
SAE recently released a video animation highlighting the scale and benefits of the USEP site. This can be viewed here
SAE's strategy: "Building a Sustainable Future to 2035", can be viewed here
Proud to be part of London's universe of Green Economy Equities
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
1. Daivd Taaffe |
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2 |
Reason for the notification |
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a) |
Position/status |
1. PDMR - COO
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Simec Atlantis Energy Limited |
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b) |
LEI |
21380056V967FGHNU187 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of no par value |
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Identification code |
SG9999011118 |
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b) |
Nature of the transaction |
Exercise of share options and market sale |
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c) |
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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Option exercise |
1.15p |
956,522 |
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Option exercise |
1.5p |
1,033,333 |
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Market sale |
2.725p |
956,522 |
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Market sale |
2.725p |
1,033,333 |
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d) |
Aggregated information |
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- Aggregated volume (sale) |
1,989,855 |
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- Price (sale) |
2.725p |
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e) |
Date of the transaction |
12 August 2025
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f) |
Place of the transaction |
London Stock Exchange (XLON) |
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