Issue of Equity

RNS Number : 8644U

Rurelec PLC

06 December 2013

 



6 December 2013                                                      

Rurelec PLC

("Rurelec" or "the Company")

Issue of Equity

Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, today announces the issue of  2,344,000 new ordinary shares of 2p each in the Company ("New Ordinary Shares") at a price of 13.25 pence per New Ordinary Share. The New Ordinary Shares have been subscribed for by trade partners in Chile and the proceeds will be used for working capital. Application has been made for the New Ordinary Shares to be admitted to trading on 11 December 2013.

Following the admission of the New Ordinary Shares to AIM, the Company will have in issue 557236492ordinary shares of 2p each ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. Therefore the total number of Ordinary Shares with voting rights in the Company will be 557236492. This figure may be used by shareholders in the Company 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 share capital of the Company following Admission.

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 For further information please contact:

Peter Earl, CEO, Rurelec PLC Ana Ribeiro, Head of Communications	Tel: [phone]
Paul Shackleton, Daniel Stewart & Company Plc	Tel: [phone]
Jon Belliss Guy Peters, XCAP Securities	Tel: [phone]

 

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