15 Jul 2015 07:00

15 July 2015
RURELEC PLC
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("Rurelec" or "the Company")
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Short Term Loan Facility
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The Company has received notice from the provider of the bridging loan facility of US $12 million announced on 19th June that the facility has been suspended pending clarification with the lender on the security and repayment of the facility, if drawn.
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There has therefore been no drawdown on the facility pending re-instatement and, in the event that the facility is not re-instated, the Company has a number of alternative sources of finance on which a further announcement will be made in due course. The Group expects to repay all loans from the proceeds of asset sales or alternative facilities which are currently in negotiation.
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For further information please contact:
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Rurelec PLC | W H Ireland | CNC Communications |
Colin Emson, Chairman and Non-Executive Director | Paul Shackleton and James Bavister | Ana Ribeiro Director |
Tel: 020 7793 5600 | Tel: 020 7220 1666 | Tel: 020 3219 8818 |
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