Rurelec PLC - AIM cash shell that formerly was a South America-focused power producer and developer of power plants - Shares are suspended from trading on AIM in London on Monday, as planned, following the completion of the sale of its assets in Argentina. The suspension is due to Rurelec spending six months as an AIM cash shell without completing a reverse takeover. Rurelec said it continues to focus on selling its 701 DU 125 megawatt turbines. It remains in discussions with ‘credible third parties’ for the disposal but has made no significant progress since late September. ‘There can be no guarantee that any sale will progress, but the board is continuing to pursue all credible avenues,’ Rurelec says, adding that it also continues to consider potential acquisition opportunities.

Stock price on Friday: 0.43 pence

12-month change: down 19%

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