5th November 2004
Rurelec announces that Gartmore Investment Management has subscribed for 600,000 new ordinary shares of 2 pence each in a placing for cash on Friday 5th November, 2004 at a placing price of 42.5 pence each. Following the placing Gartmore Investment Management will be interested in 4.76 per cent of the issued share capital of the Company.
11th October 2004
Rurelec today announces that it has purchased its first power plant equipment for isolated generation of electricity in Bolivia.
As disclosed in its Admission Document dated 18 August 2004, Rurelec entered into an option agreement with Empresa Guaracachi SA ("EGSA") to acquire Energia para Sistemas Aislados SA ("ESA"), an electricity generating company, which owned a portfolio of power generating assets including, inter alia, seven reciprocating engines of Worthington and Nordberg manufacture (the "Option Agreement"). The Option Agreement was conditional upon the power plants being released from their current licences to generate electricity for Bolivia's national grid.
6th August 2004
Rurelec PLC today announces that it has applied for its shares to be admitted to the AIM Market of the London Stock Exchange. The 10 day notice of application was released at 13:28 on 3rd August 2004 and it is expected that trading in Rurelec Ordinary shares and warrants will commence on 18th August 2004. Arbuthnot Securities Limited are the Company's nominated advisers and Hichens, Harrison & Co plc are brokers to the Company.