Rurelec (RUR) Short Positions
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Rurelec PLC is a company incorporated in England & Wales and is an AIM 15 cash shell and owner of turbines.

Rurelec PLC is an expanding independent power producer with operations in Latin America, Main business consists in the ownership and development of power generation facilities on the national grid and in isolated areas, selling electricity on commercial terms,Quoted on the AIM Market of the London Stock Exchange.

Rurelec PLC (the “Company”) is now an AIM Rules 15 cash shell following the sale of the Argentinian Assets on 9th June 2023, which was a fundamental disposal pursuant to the AIM Rules, the Company’s shares will be suspended on 11 December 2023 and ultimately delisted in June 2024 if a suitable acquisition constituting a Reverse Take-over has not occurred. The Directors are keen to retain the listing as a mechanism to maximise shareholder value, by making the Company attractive to potential high- quality acquisitions. The priority is, however, to maintain the resource necessary to preserve and realise the value of the Turbines which are the Company’s largest asset. The directors will only pursue acquisition opportunities that are both deliverable in the time frame available and which have a compelling investment case.

Note: This description is in part generated by AI and not an endorsement by or the opinion of Investegate
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