Rurelec PLC Short Term Loan Facility (0628T)

TIDMRUR

RNS Number : 0628T

Rurelec PLC

15 July 2015

RURELEC PLC

("Rurelec" or "the Company")

Short Term Loan Facility

The Company has received notice from the provider of the bridging loan facility of US $12 million announced on 19(th) June that the facility has been suspended pending clarification with the lender on the security and repayment of the facility, if drawn.

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.

For further information please contact:

 
 Rurelec PLC             W H Ireland           CNC Communications 
 Colin Emson, Chairman   Paul Shackleton and   Ana Ribeiro 
  and Non-Executive       James Bavister        Director 
  Director 
 Tel: 020 7793 5600      Tel: 020 7220 1666    Tel: 020 3219 8818

This information is provided by RNS

The company news service from the London Stock Exchange

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