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8th April 2009
Rurelec Plc (AIM: RUR) is pleased to announce that 10 million new ordinary shares of 2p each ("New Ordinary Shares") have been placed with investors at a price of 8 pence per ordinary share, raising net proceeds of £760,000 after expenses (the "Placing").
Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of London Stock Exchange plc and dealings are expected to commence on 15 April 2009. The New Ordinary Shares will rank pari passu with existing shares in issue.
Following the Placing, Rurelec's issued share capital comprises 95,788,775 shares of common stock of par value 2 pence each. All of these 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 Plc under the FSA's Disclosure and Transparency Rules.
For further information, please contact:
Peter Earl
Managing Director Tel. 020 7793 5610
Paul Shackleton / Stewart Dick
Daniel Stewart & Company Tel. 020 7776 6550
Daniel Briggs / Colin Rowbury
Religare Hichens, Harrison Tel. 020 7382 7771