Rurelec PLC Directorate Change (8185I)
17 Agosto 2021 - 01:00AM
UK Regulatory
TIDMRUR
RNS Number : 8185I
Rurelec PLC
17 August 2021
Rurelec PLC
("Rurelec" or the "Company")
Directorate Change
The Directors of Rurelec PLC (AIM:RUR) announce that Simon
Morris has resigned from the Board with immediate effect. A search
for his successor has commenced and a further announcement will be
made in due course.
The board will continue to focus on the strategy of actively
seeking to dispose of non core assets, in order to increase the
financial liquidity of the business, and as part of a strategy to
unlock shareholder value in the medium term.
Andy Coveney, Director of Rurelec, said:
"Since his appointment to the board in 2015, Simon has played a
key role in the survival of the Company by stabilising the finances
against a background of deteriorating operating conditions in the
state controlled electricity market in Argentina. His professional
experience and steady nerve has been invaluable to the business,
for which we are grateful to him."
For further information please contact:
Rurelec PLC
Andy Coveney, Director Tel: 020 7549 2839/40
W H Ireland (Nomad & Broker) Tel: 020 7220 1666
Katy Mitchell
Lydia Zychowska
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END
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