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Completion of the Disposal

8 Dec 2023 16:36

RNS Number : 2350W
Rurelec PLC
08 December 2023
 

 8 December 2023

AIM: RUR

Rurelec PLC

("Rurelec" or "the Company"

And with its subsidiaries the "Group")

 

Completion of the Disposal of Cochrane Power Limited and its Chilean Subisidiaries

 

 

Further to the announcement of 31 October 2023, Rurelec PLC (AIM: RUR), the AIM Rule 15 cash shell and owner of Turbines, today announces that the disposal of Cochrane Power Limited and its Chilean subsidiaries (Rurelec Chile SpA, Rurelec Chile Limitada, Termoelectrica del Norte, S.A. and Central Illapa, S.A.) (together the "Cochrane Group") which were originally formed with the intention to develop, own and operate power stations in Chile, has been completed as all the conditions precedent have now been met. Accordingly the sum of £25,000, being the total consideration for the disposal, has now been received

 

For further information please contact:

 

Rurelec PLC

WH Ireland

Andrew Coveney

Executive Director

Katy Mitchell

James Bavister

+44 (0)7710 836312

+44 (0)20 7220 1666

 

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