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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rurelec Plc | LSE:RUR | London | Ordinary Share | GB00B01XPW41 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.425 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electric Services | 0 | -2.24M | -0.0040 | -1.05 | 2.36M |
From Apr 2019 to Apr 2024
TIDMRUR
RNS Number : 0821Y
Rurelec PLC
07 May 2019
7 May 2019
Rurelec PLC
("Rurelec" or the "Company")
Bridge Properties (Arena Central) Limited Loan Repayment and Extension
Further to the announcement of 27 February 2019, the Directors of Rurelec PLC (AIM: RUR) announce that today they made a further principal repayment of GBP200,000 on the remaining temporary loan facilities provided by Bridge Properties (Arena Central) Limited ("BPAC"). The amount of principal now outstanding is GBP640,817. The remaining outstanding facility which fell due on 30 June 2019 was extended to 30 June 2020 on 2 May 2019. As part of the terms of this extension, an additional 1% increase in the interest rate (taking the total interest rate to 13.5%) will be applied with effect from 1 July 2019 and there will be a GBP15,000 extension fee applied if the loan is not repaid in full by 31 December 2019
At the same time, the management of Energia del Sur, S.A. ("EdS") has notified Rurelec PLC that they intend repaying the outstanding loan owed to Rurelec Project Finance Limited ("RPFL") in full by 30 June 2019. The current outstanding amount owed is US $137,000 together with agreed fees of $157,000. EdS also has notified their intention to repay an unsecured debt of $650,000 to Rurelec PLC, although there can be no guarantee that these repayments will occur
For further information please contact:
Rurelec PLC W H Ireland (Nomad & Broker) Simon Morris, Director Katy Mitchell Andy Coveney, Director Lydia Zychowska Tel: 020 7025 8026/8 Tel: 020 7220 1666
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCEALSDEEPNEFF
(END) Dow Jones Newswires
May 07, 2019 02:00 ET (06:00 GMT)
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