REG - Rurelec PLC - Completion of the Disposal

RurelecAnnouncement

08/12/2023 16:45

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RNS Number : 2350W  Rurelec PLC  08 December 2023

    8 December 2023
   AIM: RUR

Rurelec PLC

("Rurelec" or "the Company"

And with its subsidiaries the "Group")

 

Completion of the Disposal of Cochrane Power Limited and its Chilean
Subisidiaries

 

 

Further  to the announcement of 31 October 2023, Rurelec PLC (AIM: RUR), the
AIM Rule 15 cash shell and owner of Turbines, today announces that the
disposal of Cochrane Power Limited and its Chilean subsidiaries (Rurelec Chile
SpA, Rurelec Chile Limitada, Termoelectrica del Norte, S.A. and Central
Illapa, S.A.) (together the "Cochrane Group") which were originally formed
with the intention to develop, own and operate power stations in Chile, has
been completed as all the conditions precedent have now been met. Accordingly
the sum of £25,000, being the total consideration for the disposal, has now
been received

 

For further information please contact:

 

 Rurelec PLC          WH Ireland
 Andrew Coveney       Katy Mitchell

 Executive Director   James Bavister
 +44 (0)7710 836312   +44 (0)20 7220 1666

 

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