Rurelec PLC Disposal of Frame 6B Gas Turbine (4969M)
September 21 2021 - 9:20AM
UK Regulatory
TIDMRUR
RNS Number : 4969M
Rurelec PLC
21 September 2021
21 September 2021
Rurelec PLC
("Rurelec" or the "Company")
Disposal of Frame 6B Gas Turbine
Further to the announcement dated 9 September 2021, Rurelec PLC
(AIM: RUR) announces today that its wholly owned Chilean
subsidiary, Termoelectrica Del Norte SA ("TDN") has completed the
sale of its Frame 6B gas turbine generating set and certain
associated ancillary equipment (the "Turbine") to The Independent
Power Corporation PLC. The outstanding balance of US $900,000
(GBP648,321) (the "Balance") has been received by Rurelec.
On 15 September 2021 the Directors issued the Annual Report and
Accounts 2020 disclosing a material uncertainty paragraph in note
1b to the financial statements. That material uncertainty paragraph
was considered necessary as at that point in time because the
outstanding Balance due under the sale of the Turbine had not been
received. The Directors note that had this Balance been received on
or before 15 September 2021 then they would have not disclosed a
material uncertainty.
For further information please contact:
Rurelec PLC W H Ireland (Nomad & Broker)
Andy Coveney, Director Katy Mitchell and Ben Good
Tel: 020 7549 2839/40 Tel: 020 7220 1666
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