Tel: +44(0) 207 793 5610, Fax: +44(0) 207 793 5622, email: info@rurelec.com
Rurelec plc, Registered in England No: 4812855
Registered Office: as above
Rurelec PLC is an expanding independent power producer with operations in
Latin America
Latest Press Releases
Result of AGM
News & Publications
News & Publications Published: Thursday, 01 July 2010
1 July 2010?
The Board of Rurelec plc ("Rurelec" or the "Company") is pleased to announce that all resolutions at the Company's Annual General Meeting held yesterday at 5th Floor, Prince Consort House, 27-29 Albert Embankment, London SE1 7TJ were duly passed.
Enquiries:
Peter Earl
Managing Director Tel: +44 (0)20 7793 5610
Paul Shackleton
Daniel Stewart & Company Plc Tel: +44(0)20 7776 6550
Director's Dealing
News & Publications
News & Publications Published: Thursday, 17 June 2010
17 June 2010
Rurelec PLC
("Rurelec" or "the Company")
Director's dealing
Rurelec PLC (AIM: RUR), the developer, owner and operator of power generation capacity in Latin America, announces that as part of a family settlement agreement the holdings of the Independent Power Corporation PLC, a company controlled by CEO Peter Earl, together with the personal holding of Peter Earl and all but 10,000 shares held by Emma Earl have been sold. The combined shareholding of 33,434,486, 15.45 per cent. of the Company, has been acquired by Sterling Trust Limited, a UK private investment company, at a price of 10 pence per share. As a result of this series of transactions, Peter Earl no longer holds any interest in shares in the Company. IPC continues to hold £700,000 of convertible loan notes, warrants to subscribe for new shares of Rurelec and a loan to Rurelec.
Andrew Morris, Chairman comments: "It is unfortunate for Peter that personal considerations have forced the sale of these interests. However, I am confident of the ongoing support of Sterling Trust for the Company and I am looking forward to working with Peter on the important tasks of refinancing our Argentine subsidiary and negotiating satisfactory compensation arrangements with the Bolivian Government."
Trading Update
News & Publications
News & Publications Published: Thursday, 17 June 2010
17 June 2010
Rurelec PLC
("Rurelec" or "the Company")
Trading update
Rurelec PLC (AIM: RUR), the developer, owner and operator of power generation capacity in Latin America, announces that it has been invited by the Government of Bolivia to commence formal negotiations in La Paz with the relevant Ministers with regard to compensation for the controlling stake in Empresa Electrica Guaracachi SA ("Guaracachi") which was nationalised on 1st May 2010.
Rurelec hopes that these negotiations will result in an agreed compensation that reflects its rights under international law prior to the date when it may commence formal international arbitration proceedings.
No further announcements regarding the status of these negotiations are anticipated until agreement has been reached or arbitration commenced.
Director Resignation
News & Publications
News & Publications Published: Monday, 14 June 2010
14 June 2010
Rurelec, the AIM listed independent power plant developer with operations in South America, announces the resignation of Jimmy West, Chairman, with immediate effect.
The Board of Directors thanks Jimmy for his contribution to the Company since Admission. Andrew Morris has been appointed acting Chairman.
Proposed changes to the Articles of Association
News & Publications
News & Publications Published: Thursday, 10 June 2010
Proposed changes to the Articles of Association
Notice of AGM
News & Publications
News & Publications Published: Tuesday, 08 June 2010
08 June 2010
Notice of AGM and Posting of Annual Report and Accounts
Notice is hereby given that an Annual General Meeting of the Company will be held at the Company's offices at 5th Floor, Prince Consort House, 27-29 Albert Embankment, London SE1 7TJ on 30 June 2010 at 3.00 p.m. A number of resolutions will be put shareholders.
Copies of the Company's Annual Report and Accounts for the year ended 31 December 2009 ('Annual Report and Accounts'), Notice of AGM and Proxy Form have been posted to Shareholders.
Additional copies of the Annual Report and Accounts, Notice of AGM and Proxy Form may be requested directly from the Company. The documents are also available on the Company's website, www.rurelec.com