Rurelec Regulatory News (RUR)

30 Jul 2007 17:40

Rurelec PLC30 July 2007 Rurelec PLC Directors' Shareholdings Rurelec PLC ("Rurelec" or "the Company"), the owner and developer of powerplants in Latin America, announces that Elizabeth Shaw and Mike Eyre, Directorsof the Company, have each disposed of 250,000 ordinary shares in the Company toIndependent Power Corporation PLC ("IPC") at a price of 55 pence per share. Thedirectors in question continue to hold 250,000 shares each. Each holdingrepresents 0.34 per cent. of the issued share capital of Rurelec. IPC is 99.9 per cent. owned by Peter Earl. At the same time IPC has agreed to acquire a further 500,000 Ordinary shares inRurelec from other shareholders. Taken together these purchases result in an increase in IPC's total shareholdingin Rurelec to 11,802,721 being 16.1 per cent. of the issued share capital ofRurelec. Peter EarlManaging Director Tel. 020 7793 5610Rurelec PLC Nominated Adviser:Daniel Stewart & Company plc Tel. 020 7776 6550Stewart Dick This information is provided by RNS The company news service from the London Stock Exchange