REG - Rurelec PLC - Result of GM Update on Potential Disposal

RurelecAnnouncement

01/06/2023 12:00

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RNS Number : 3657B  Rurelec PLC  01 June 2023

1 June 2023

 

 

 

 

 

Rurelec PLC

("Rurelec" or the "Company")

 

Result of General Meeting

Update on Potential Disposal

 

 

The Company confirms that at the General Meeting ("GM") held earlier today all
resolutions were duly passed by shareholders.  Full details of the voting are
set out on the Company's website:
https://www.rurelec.com/investors/proxy-results
(https://www.rurelec.com/investors/proxy-results)

 

Completion of the disposal of Rurelec's Argentinian Interests (as defined and
detailed in the Company's announcement of 16 May 2023) is now only subject to
the signing and filing of certain documents, including filings with the
relevant Argentinian authorities. Accordingly, completion is anticipated to
take place on or around 8 June 2023 ("Completion"). Further updates will be
made at that time.

 

Following Completion the Company intends to pay a special dividend of 0.20p
per share to shareholders on the register on a record date yet to be
determined, the associated dividend timetable will be announced after
Completion, in accordance with the Company's strategy to return capital to
Shareholders.

 

 

For further information please contact:

 

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

 

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