Loan Repayment

Rurelec

30/05/2019 14:54

RNS Number : 6519A

Rurelec PLC

30 May 2019

 

30 May 2019

 

Rurelec PLC

 

("Rurelec" or the "Company")

 

Bridge Properties (Arena Central) Limited Loan Repayment and Full Repayment of Loan by Energia del Sur, S.A.

 

 

Further to the announcement of 7 May 2019, the Directors of Rurelec PLC (AIM: RUR) announce that yesterday they made a further principal and interest to date repayment of £250,000 on the remaining temporary loan facility provided by Bridge Properties (Arena Central) Limited ("BPAC"). The total amount now outstanding is principal of £396,602.54.

 

At the same time, Energia del Sur, S.A. ("EdS") has now repaid in full the outstanding loan interest (US $137,000) and associated fees (US $157,000) owed to Rurelec Project Finance Limited ("RPFL"). 

 

For further information please contact:

 

Rurelec PLC
W H Ireland (Nomad & Broker)
Simon Morris, Director
Andy Coveney, Director
Katy Mitchell
Lydia Zychowska
Tel: 020 7025 8026/8
Tel: 020 7220 1666

 

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