Disposal and Issue of Equity

RNS Number : 3530T

Rurelec PLC

04 June 2009

 



Rurelec PLC

('Rurelec' or 'the Company')

Disposal of interest in EDS and Issue of Equity

Pursuant to the announcements made on 20 April and 13 May 2009, Rurelec plc (AIM: RUR) announces that the proposed disposal of its 50 per cent. interest in its Argentine subsidiary, Energia del Sur S.A., is complete. The disposal was a condition of the Placing announced on 20 April June 2009. 

Accordingly application has been made for the Placing Shares and Capitalisation Shares, in aggregate 109,632,730 new ordinary shares of 2 pence each, to be admitted to trading on the AIM market of London Stock Exchange plc and dealings are expected to commence on 08 June 2009. The shares will rank pari passu with existing shares in issue.

As a result, Rurelec's issued share capital comprises 205,421,505 shares of common stock of par value 2 pence each. All Rurelec's issued ordinary shares carry voting rights. The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, Rurelec under the FSA's Disclosure and Transparency Rules.

For further information, please contact: 

Peter Earl 

Managing Director                                 Tel. [phone] 

Paul Shackleton / Stewart Dick 

Daniel Stewart & Company                    Tel. [phone] 

 

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