Rurelec PLC Partial Debt Repayment (9469Y)
September 14 2020 - 11:39AM
UK Regulatory
TIDMRUR
RNS Number : 9469Y
Rurelec PLC
14 September 2020
14 September 2020
Rurelec PLC
("Rurelec" or the "Company")
Partial Debt Repayment
Further to the announcement of 10 July 2020 (the
"Announcement"), the Directors of Rurelec PLC (AIM: RUR) note that
Rurelec have received a further US $384,000 by way of partial
repayment by Patagonia Energy Limited ("PEL") of the Amended and
Restated Loan Notes.
The balance outstanding on the loan notes is approximately US
$20.442 million with the first US $1.57 million of the remaining US
$20.442m to be shared 80/20 between Rurelec and Basic Energy
Limited, the ultimate shareholders of PEL, and then the balance
paid 72:28 thereafter (Rurelec: Basic Energy Limited). The total
amount owing to Rurelec is now US $14.817 million.
There can be no guarantee as to when any further loan repayments
will be made. Further updates will be provided in due course.
For further information please contact:
Rurelec PLC W H Ireland (Nomad & Broker)
Simon Morris, Director Katy Mitchell
Andy Coveney, Director Lydia Zychowska
Tel: 020 7549 2839/40 Tel: 020 7220 1666
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
FURSFWFILESSEDU
(END) Dow Jones Newswires
September 14, 2020 11:39 ET (15:39 GMT)
Rurelec (LSE:RUR)
Historical Stock Chart
From May 2024 to Jun 2024
Rurelec (LSE:RUR)
Historical Stock Chart
From Jun 2023 to Jun 2024