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Management change

Atlantis Resources Limited (“Atlantis” or the “Company”)

Management change

Atlantis, a global leader in the marine power sector, announces that Simon Counsell will stand down as Chief Finance Officer (“CFO”) and his last day with the Company will be the 31st August 2017. The Company is pleased to announce that Andrew Dagley, current Head of Corporate Finance, will be appointed as CFO.

Simon has been with Atlantis since October 2015 and successfully led the finance team through the relocation from Singapore to Edinburgh. Simon is stepping down in order to pursue other business interests but will work to ensure an orderly hand over with Andrew.

Andrew has been with Atlantis since prior to the IPO in 2014 and has spent considerable time working closely with both Simon and his predecessor, Duncan Black. Andrew joined Atlantis from IFM Investors, one of the largest infrastructure investors in the world with approximately A$90 billion in funds under management.

Tim Cornelius, Chief Executive of Atlantis, said:

“I would like to thank Simon for his support and hard work over the last two years as we have transitioned the finance department from Singapore to Edinburgh, where he has built a highly competent team. On behalf of the Board, I would like to thank Simon for his efforts and wish him the very best for his future endeavours.

“I am delighted that Andrew will have the opportunity to join the operations board as CFO. Andrew joined Atlantis in 2014 and has been an integral part of the team since then. He worked on the IPO, the acquisition of Marine Current Turbines from Siemens AG and the financial close of MeyGen Phase 1A. He brings a wealth of experience in global renewable energy generation and we all look forward to working with him as we continue to build on Atlantis’s successes.”

Enquiries:

Atlantis Resources via FTI Consulting
Tim Cornelius, Chief Executive Officer

Andrew Dagley, Chief Financial Officer

Peel Hunt LLP (Nominated Adviser and Joint Broker) +44 (0)20 7418 8900
Adrian Trimmings

Jock Maxwell Macdonald

George Sellar

Macquarie Capital (Europe) Limited (Joint Broker) +44 (0)20 3037 2000
Raj Khatri

Nick Stamp

 

FTI Consulting +44 (0)20 3727 1000
Ben Brewerton

Alex Beagley

James Styles