Rurelec PLC Completion of the Disposal (2350W)

TIDMRUR

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 GBP25,000, 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 
 [phone]    [phone] 
 

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(END) Dow Jones Newswires

December 08, 2023 11:36 ET (16:36 GMT)