Rurelec PLC Short Term Loan Facility (9207E)

TIDMRUR

RNS Number : 9207E

Rurelec PLC

06 November 2015

6 November 2015

Rurelec PLC

("Rurelec" or the "Company")

Short Term Loan Facility

Further to the announcement of 30 October 2015, the Directors of Rurelec PLC (AIM: RUR), the owner, operator and developer of power generation capacity internationally, are pleased to announce that the Company has entered into a short term loan agreement with Radix Investment UK Limited ("the Radix facility" or "the facility") for an amount of GBP600,000. This facility has been fully drawn down. Rurelec has today received the funds, in full, to the credit of its bank account. The facility provides the Company with working capital in the short term while the Board sources further, long term funding.

The Radix facility is secured by debenture over all of Rurelec's assets and is repayable at the end of December 2015.

For further information please contact:

 
 Rurelec PLC                    W H Ireland 
 Mark Keegan, Chief Executive   Paul Shackleton and James 
                                 Bavister 
 Tel: 020 7793 5610             Tel: 020 7220 1666

This information is provided by RNS

The company news service from the London Stock Exchange

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November 06, 2015 11:04 ET (16:04 GMT)

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