13th June 2008
Acquisition of Remaining 50 per cent. of Energia del Sur ("EdS") (the "Acquisition")
Placing for Cash of 12.5 million New Ordinary shares ("Shares") (the "Placing")
Rurelec plc (AIM:RUR), the power plant developer and owner - operator of power generation assets in Latin America, announces today that it has entered into a conditional agreement to acquire the 50 per cent. of EdS which it does not already own and it has also placed 12.5 million Shares at 65 pence each with both existing and new institutional shareholders, conditional on completion of the Acquisition.
25th June 2008
Notice is hereby given that an Annual General Meeting of the Company will be held at the Company's offices at 5th Floor, Prince Consort House, 27-29 Albert Embankment, London SE1 7TJ on 22 July 2008 at 11:00 a.m. A number of resolutions will be put to shareholders including the addition of new provisions in the Company's articles of association and the approval of the proposed final dividend of 2.5 pence per share.
25th June 2008
Further to the announcement made on 13 June 2008 Rurelec PLC (AIM:RUR), announces that it has now completed the acquisition of the 50 per cent. of EnergÌa del Sur ("EdS") which it does not already own and that the placing of 12,500,000 ordinary shares at 65 pence each ('the Placing') is now unconditional. The Placing raises approximately £7.8 million net of expenses. Application has been made for the ordinary shares to be admitted to trading on AIM today.
22nd December 2008
Rurelec PLC ("Rurelec" or "the Company"), the owner and developer of power plants in Latin America, announces that its Managing Director, Peter Earl, has today acquired 11,802,721 Ordinary shares in the Company from Independent Power Corporation PLC ("IPC") at a price of 28 pence per share. This shareholding represents 13.77 per cent. of the issued share capital of Rurelec.
25th November 2008
Rurelec is pleased to announce the appointment of Marcelo Blanco as an executive director of the Company, responsible for regional financing initiatives, with immediate effect. Mr Blanco is currently director of finance of the Company's Bolivian power generation subsidiary, Empresa Guaracachi SA ("Guaracachi") and has recently completed Guaracachi's funding programme for the financing of the combined cycle expansion project.
5th November 2008
Rurelec PLC (AIM: RUR), the power plant developer and owner-operator of power generation assets in Latin America, announces today that it has signed an agreement, subject to the satisfaction of conditions precedent, for a forward sale of CERs expected to be generated by its wholly-owned subsidiary Energia del Sur ("EdS") from the end of this year through to December 2012.
30th September 2008
Rurelec PLC ("Rurelec" or "the Company"; AIM: RUR), the electric utility focused on the development of power generation capacity and rural electrification projects in Latin America, announces its unaudited interim results for the six months ended 30 June 2008.