Rurelec PLC Directorate Change (6745J)
April 09 2015 - 2:00AM
UK Regulatory
TIDMRUR
RNS Number : 6745J
Rurelec PLC
09 April 2015
9 April 2015
Rurelec PLC
("Rurelec" or the "Company")
Appointment of Non-Executive Director
The Directors of Rurelec PLC (AIM: RUR), the owner, operator and
developer of power generation capacity internationally, are pleased
to announce the appointment of Pablo Galante Escobar as a
Non-Executive Director, with immediate effect. Pablo has extensive
experience in the energy sector internationally and in particular
in Latin America and Africa.
Pablo graduated in Economics from Universidad Catolica Andres
Bello of Caracas, Venezuela. Pablo has worked for 18 years in the
Oil industry, focusing his activities in Latin America and West
Africa, areas where Rurelec is focusing its development. As a
Non-Executive Director of the Company Pablo brings an extensive
network of contacts and experience in economies with rapidly
expanding requirements for power.
Pablo owns 13,000,000 shares in Rurelec representing
approximately 2.3 per cent of the issued share capital.
Commenting on the appointment, Peter Earl, Managing Director of
Rurelec, said: "I am delighted that Pablo has agreed to join the
board of Rurelec as a Non-Executive Director. Rurelec's Independent
Power Corporation (IPC) subsidiary is increasingly being retained
to help owners of oil and gas fields convert their reserves into
electricity through new power plants in emerging markets which
monetise the value of what they have in the ground. Pablo's
experience will help us to find other opportunities for IPC's
business to grow."
For further information please contact:
Rurelec PLC W H Ireland Capital MSL
Peter Earl, James Joyce, Paul Ana Ribeiro
CEO Shackleton and James Director
Bavister
Tel: 020 7793 Tel: 020 7220 1666 Tel: 020 3219
5600 8818
Additional information
In accordance with Schedule 2 (g) of the AIM Rules, the
following information in relation to the appointment of Pablo
Esteban Galante Escobar (age 41) as a director of Rurelec is
disclosed:
Current directorships, partnerships and appointments:
Oro Molido SA
A&P Kilimanjaro Limited, Mauritius
Vitol Colombia CI SAS
African Plantation Kilimanjaro Limited, Tanazania
Directorships, partnerships and appointments held in the past
five years:
None
Save for the information disclosed above there is no other
information pursuant to Schedule 2(g) of the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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