Reduction of Capital Further Update

Rurelec

14/08/2020 17:14

RNS Number : 2437W

Rurelec PLC

14 August 2020

 

14 August 2020

 

Rurelec PLC

("Rurelec" or the "Company")

 

Reduction of Capital Further Update

 

Further to the announcement dated 4 August 2020, the Directors of Rurelec PLC (AIM: RUR) announce that the final court hearing for the reduction of the Company's nominal share capital by way of cancellation of 561,387,586 deferred shares of £0.01 each and the cancellation of the share premium account of the Company (together, the "Reduction of Capital") has taken place today and that the High Court of Justice has formally approved it. Registration of the Court Order is intended to be filed with Companies House on Monday.

A further update will be made when the Court Order has been successfully filed at Companies House and the Reduction of Capital becomes effective.

 

For further information please contact:

 

Rurelec PLC
W H Ireland (Nomad & Broker)
Simon Morris, Director
Andy Coveney, Director
Katy Mitchell
Lydia Zychowska
Tel: 020 7549 2839/40
Tel: 020 7220 1666

 

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