13th Oct 2015 08:41
LONDON (Alliance News) - Rurelec PLC, a power producer, on Tuesday said that Non-Executive Chairman Colin Emson has resigned in order to "allow the new executive board to take whatever measures are appropriate for the future stability of the company".
In addition, Non-Executive Director Marcelo Blanco has resigned.
At the end of September, Rurelec reported a GBP14.1 million pretax loss in the first half of its financial year, as it booked big writedowns and impairment charges.
Shares in Rurelec were untraded on Tuesday morning at 1.25 pence.
By Samuel Agini; [email protected]; @samuelagini
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