Directorate Change

RNS Number : 6745J

Rurelec PLC

09 April 2015

 

9 April 2015

Rurelec PLC 

("Rurelec" or the "Company")

Appointment of Non-Executive Director

The Directors of Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, are pleased to announce the appointment of Pablo Galante Escobar as a Non-Executive Director, with immediate effect. Pablo has extensive experience in the energy sector internationally and in particular in Latin America and Africa.

Pablo graduated in Economics from Universidad Catolica Andres Bello of Caracas, Venezuela. Pablo has worked for 18 years in the Oil industry, focusing his activities  in Latin America and West Africa, areas where Rurelec is focusing its development. As a Non-Executive Director of the Company Pablo brings an extensive network of contacts and experience in economies with rapidly expanding requirements for power.

Pablo owns 13,000,000 shares in Rurelec representing approximately 2.3 per cent of the issued share capital.

Commenting on the appointment, Peter Earl, Managing Director of Rurelec, said: "I am delighted that Pablo has agreed to join the board of Rurelec as a Non-Executive Director. Rurelec's Independent Power Corporation (IPC) subsidiary is increasingly being retained to help owners of oil and gas fields convert their reserves into electricity through new power plants in emerging markets which monetise the value of what they have in the ground. Pablo's experience will help us to find other opportunities for IPC's business to grow."

For further information please contact:

Rurelec PLC	W H Ireland	Capital MSL
Peter Earl, CEO	James Joyce, Paul Shackleton and James Bavister	Ana Ribeiro Director
Tel: [phone]	Tel: [phone]	Tel: [phone]

Additional information

In accordance with Schedule 2 (g) of the AIM Rules, the following information in relation to the appointment of Pablo Esteban Galante Escobar (age 41) as a director of Rurelec is disclosed:

Current directorships, partnerships and appointments:

Oro Molido SA

A&P Kilimanjaro Limited, Mauritius

Vitol Colombia CI SAS

African Plantation Kilimanjaro Limited, Tanazania

Directorships, partnerships and appointments held in the past five years:

None

Save for the information disclosed above there is no other information pursuant to Schedule 2(g) of the AIM Rules.

 

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