11th December 2006
The Company has today been notified that on 8th December 2006, Mr Peter Earl, Managing Director, purchased 500,000 ordinary shares of 2p each in the Company at a price of 41p.
Peter is now interested in 9,302,721 ordinary shares, representing 13.62 per cent. of the Company's issued share capital.
This information is provided by RNS
The company news service from the London Stock Exchange
Placing of 46,938,775 Ordinary Shares at 42 pence per share and Re- Admission to trading on AIM
Rurelec announces that, at an Extraordinary General Meeting of the Company held today, its shareholders have approved the acquisition of a controlling stake in Empresa Electrica Guaracachi SA ("Guaracachi" or "EGSA"), Bolivia's largest power generation company. The acquisition is to be funded by a placing of 46,938,775 Ordinary Shares in Rurelec at a price of 42 pence per share. The new shares are expected to be admitted to the AIM Market of the London Stock Exchange on 6 January 2006, upon which the acquisition will complete.