Timing for Announcement of Bolivian Compensation

RNS Number : 2846Y

Rurelec PLC

22 January 2014

 



Rurelec PLC

("Rurelec" or "the Company")

Timing for Announcement of Bolivian Compensation Award

Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, today announces that the Permanent Court of Arbitration (PCA) in The Hague has confirmed that the Bolivian compensation award decision will be released before the end of January .

The PCA will not make the award public on its website until Rurelec has notified the London Stock Exchange.

Shareholders in Rurelec should note that this new timetable for the award announcement is shorter than the seven day timetable originally agreed through the offices of the PCA during the course of 2013 and reflects the fact that shareholders have already suffered from uncertainty as to the outcome of the arbitration for more than eight months following the final arbitration hearing in Paris in April 2013. 

The award announcement, which is final, will bring to an end a process started in May 2010 when the Plurinational Government of Bolivia nationalised all of the Bolivian generation interests of Rurelec.

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For further information please log on to our website: www.rurelec.com or contact:

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

 

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