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Pin to quick picksRurelec Regulatory News (RUR)

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Timing for Announcement of Bolivian Compensation

22 Jan 2014 15:11

RNS Number : 2846Y
Rurelec PLC
22 January 2014
 



Rurelec PLC

("Rurelec" or "the Company")

 

Timing for Announcement of Bolivian Compensation Award

 

Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, today announces that the Permanent Court of Arbitration (PCA) in The Hague has confirmed that the Bolivian compensation award decision will be released before the end of January .

 

The PCA will not make the award public on its website until Rurelec has notified the London Stock Exchange.

 

Shareholders in Rurelec should note that this new timetable for the award announcement is shorter than the seven day timetable originally agreed through the offices of the PCA during the course of 2013 and reflects the fact that shareholders have already suffered from uncertainty as to the outcome of the arbitration for more than eight months following the final arbitration hearing in Paris in April 2013.

 

The award announcement, which is final, will bring to an end a process started in May 2010 when the Plurinational Government of Bolivia nationalised all of the Bolivian generation interests of Rurelec.

 

- Ends -

 

For further information please log on to our website: www.rurelec.com or contact:

 

Peter Earl, CEO

Ana Ribeiro, Head of Communications

Rurelec PLC

 

Tel: 020 7793 5610

Paul Shackleton

Daniel Stewart & Company Plc

 

Tel: 020 7776 6550

Jon Belliss & Guy Peters

XCAP Securities

Tel: 020 7101 7070

James Joyce & Nick Field

WH Ireland Limited

Tel: 020 7220 1666

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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