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Rurelec Regulatory News (RUR)
Regulatory News for Rurelec (RUR)
| Share Price: 13.00 | Bid: 12.50 | Ask: 13.00 | Change: 0.25 (+1.96%) |  | ||||||
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Filing of Arbitration Claim
Wed, 1st Dec 2010 15:04
RNS Number : 2014X
Rurelec PLC
01 December 2010
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Rurelec PLC
("Rurelec" or "the Company")
Filing of Arbitration Claim
Rurelec PLC (AIM:RUR), the power plant developer and owner-operator of power generation assets in Latin America, announces that, together with its U.S. subsidiary Guaracachi America Inc ("GAI"), it has now commenced arbitration proceedings to secure fair compensation from the Government of Bolivia following the nationalisation in May 2010 of the interest in Empresa Guaracachi S.A., the largest electricity generation company in Bolivia. Confirmation of service of the formal arbitration claim has now been received from the offices of President Evo Morales and Elisabeth Arismendi, Minister of Legal Defence of the State.
A copy of the statement of claim has been posted on the Rurelec PLC website so that shareholders in Rurelec may judge for themselves the strength of their Company's compensation claim for the Guaracachi shares which were expropriated. The Board of Rurelec does not intend to post any subsequent legal documents onto the website until a settlement is reached.
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Company: Peter Earl, Managing Director, Rurelec PLC
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+44 (0)20 7793 5610 |
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Nominated Adviser: Paul Shackleton/Emma Earl, Daniel Stewart & Company PLC
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+44 (0)20 7776 6578 |
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Brokers: |
+44(0)20 7444 0500 |
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Daniel Briggs, Religare Capital Markets PLC |
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Brokers: |
+444 (0)20 7634 4700 |
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Andrew Craig, Ambrian Partners |
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Financial PR: Ana Ribeiro/Tim Blythe, Blythe Weigh Communications Ltd |
+44 (0)20 7138 3206 |
This information is provided by RNS
The company news service from the London Stock Exchange
| Date | Source | Headline | Category |
|---|---|---|---|
| 08-May-13 11:28 | RNS | Gets EIA Approval For Central Illapa Power Plant | Company Announcement - General |
| 22-Apr-13 07:00 | RNS | Parties' Post Hearing Briefs & Statement of Cost | Company Announcement - General |
| 18-Apr-13 13:42 | RNS | Audio Recordings of Final Hearing Against Bolivia | Company Announcement - General |
| 15-Apr-13 07:00 | RNS | Transcripts of the Final Hearing Against Bolivia | Company Announcement - General |
| 02-Apr-13 07:00 | RNS | Commencement of Final Hearing Against Bolivia | Company Announcement - General |
| 20-Feb-13 12:26 | RNS | Holding(s) in Company | Holding(s) in Company |
| 15-Feb-13 15:16 | RNS | Holding(s) in Company | Holding(s) in Company |
| 15-Feb-13 15:09 | RNS | Director/PDMR Shareholding | Directors' Dealings |
| 09-Jan-13 07:00 | RNS | Trading Statement | Results and Trading Reports |
| 04-Oct-12 07:00 | RNS | Arica Granted Full Environmental Approval | Company Announcement - General |
| 01-Oct-12 07:00 | RNS | Bangladesh Power Project | Company Announcement - General |
| 27-Sep-12 07:00 | RNS | Interim Results | Results and Trading Reports |
| 02-Jul-12 13:50 | RNS | Completes $15.45 Million Fund Raising | Company Announcement - General |
| 29-Jun-12 16:41 | RNS | AGM Statement | Results and Trading Reports |
| 06-Jun-12 13:48 | RNS | Notice of AGM | Results and Trading Reports |
| 31-May-12 08:35 | RNS | Unaudited Preliminary Results - Correction | Results and Trading Reports |
| 31-May-12 07:00 | RNS | Unaudited Preliminary Results | Results and Trading Reports |
| 20-Apr-12 07:00 | RNS | Further Hydropower Acquisition in Peru | Company Announcement - General |
| 04-Apr-12 07:00 | RNS | Adoption of 2012 Employee Share Option Plan | Company Announcement - General |
| 02-Mar-12 07:18 | RNS | Submits Bolivian Claim of US$142 million | Company Announcement - General |
| 05-Jan-12 14:10 | RNS | Expansion in to Chile with 38 MW Project in Arica | Company Announcement - General |
| 12-Dec-11 07:00 | RNS | Hydropower Expansion into Peru | Company Announcement - General |
| 28-Nov-11 07:00 | RNS | Update on Guaracachi Arbitration Process | Company Announcement - General |
| 30-Sep-11 14:58 | RNS | Director/PDMR Shareholding | Directors' Dealings |
| 08-Sep-11 07:43 | RNS | Half Yearly Report | Results and Trading Reports |
| 05-Sep-11 07:00 | RNS | Bangladesh power project | Company Announcement - General |
| 14-Jul-11 07:00 | RNS | Change of Adviser | Executive Changes |
| 30-Jun-11 11:52 | RNS | Result of AGM | Results and Trading Reports |
| 14-Jun-11 14:55 | RNS | Director/PDMR Shareholding | Directors' Dealings |
| 08-Jun-11 11:38 | RNS | Notice of AGM | Results and Trading Reports |
Regulatory news is displayed end of day, each day at 19:00.
