(Alliance News) - Rurelec PLC on Thursday said shareholders approved the planned disposal of its Argentinian assets to Verafont SA, Basic Energy Ltd and Esteban Reynal for up to GBP4 million.
The South America-focused power producer and developer of power plants said the disposal is now only subejct to the signing and filing of documents. The company expects the transaction to complete next week Thursday.
Rurelec back in May said it intends to pay a special dividend of 0.20 pence per share after completion, which it reiterated on Thursday.
Rurelec shares rose 23% to 0.65 pence each in London on Thursday afternoon.
By Tom Budszus, Alliance News reporter
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Rurelec (RUR)