Atlantis Resources Limited announced Update on proposed acquisition of SIMEC Uskmouth Power Limited, including proposed change of name to SIMEC Atlantis Energy Limited, waiver of Rule 14 under the Singapore Takeover Code, Admission of the Enlarged Share Capital to trading on AIM and Notice of General Meeting. On Admission, Atlantis Resources Limited proposed that Michael Lloyd, Duncan Black and Ian Cobban will resign, that Andrew Luke Dagley will be appointed to the Board as Chief Financial Officer and that Mark Edward Monckton Elborne and Jay Hambro will be appointed to the Board as representatives of SIMEC. Andrew Dagley joined the Company in early 2014 from IFM Investors. Mark Elborne was President and Chief Executive Officer at GE UK and Ireland, General Electric Company, from 2009 until his recent retirement in 2018. Jay Hambro is currently Chief Investment Officer of the GFG Alliance and Chief Executive Officer of Mining and Energy at SIMEC.