Simec Atlantis seeks to raise another £341k to pay out shareholder
Simec Atlantis Energy shares have slumped in early trading after it called an emergency meeting to raise £341,000 to pay out a shareholder and replace its auditor, EY.
Sanjeev Gupta
Simec Atlantis Energy board member resigns with immediate effect
Troubled renewables firm Simec Atlantis Energy (SAE) (LON: SAE) has announced that one of its board members has left with immediate effect.
Updated: MeyGen owner Simec Atlantis shares drop on fundraising
Shares in Scottish renewables firm Simec Atlantis Energy (SAE) have plunged after it raised £2.6million from investors in a placing announced last night.
Shares in Simec Atlantis rocket after major shareholder regains control
Shares in renewables developer Simec Atlantis Energy have soared after the company confirmed its major shareholder had regained control
Simec Atlantis Energy in ‘productive discussions’ with receivers appointed over majority shareholder
Renewables developer Simec Atlantis Energy (SAE) has said it is in “productive discussions” with receivers appointed over its majority shareholder, which is part of the troubled GFG Alliance international metals group.
Updated: Analyst sets out potential impact of Gupta fallout on Simec Atlantis
Renewables developer Simec Atlantis Energy issued an update on Wednesday as to the current state of play regarding its major shareholder.
Simec Atlantis shares tumble on Gupta fallout
Shares in Simec Atlantis Energy (SAE) have dropped 30% after the tidal power developer disclosed that receivers are trying to take control of a significant portion of its shares held by the Sanjeev Gupta GFG Alliance.
Serious Fraud Office launches probe into GFG Alliance
International metals group GFG Alliance, which owns Fort William aluminium smelter, is under investigation by the Serious Fraud Office (SFO).
Simec Atlantis on crest of wave as Cornelius widens vision
The removal of UK Government subsidy in 2017 left the burgeoning Scottish tidal energy sector in crisis.
GFG lands in Dunkirk
The head of GFG Alliance, which owns Fort William smelter, has said completion of its acquisition of Europe’s largest aluminium plant, in France, will enable the company to “expand powerfully in key industries such as the automotive sector.”
Atlantis looks to raise £20m to fund power station project
Marine energy firm Atlantis Resources today announced plans to raise £20million through the placement of up 57.1million shares.
Car chat set Lochaber smelter wheels in motion
One of the most surprising chapters in the industrial history of the Highlands opened with a chat between a global tycoon and a Scottish Government minister on a car journey to an airport last year.
Liberty House confirms formal bid to buy Tata’s UK assets
Liberty House has confirmed it will put in a formal bid to buy Tata Steel’s UK assets.