Rurelec updates on possible offer

Rurelec said it has noted the recent rise in the share price of the Company and confirmed that it is in the early stages of discussions with a consortium led by Peter Earl, the former CEO, which may or may not be funded by IEH Limited, a company connected to Rurelec's joint venture partner in Patagonia Energy regarding a possible offer.

The Company added that these discussions are at an early stage and there can be no certainty that any offer for Rurelec will ultimately be made.

At 2:11pm: (LON:RUR) Rurelec PLC share price was +1.73p at 2.63p