Sale of Equity in PERC Complete
On February 28, 2018, the sale of MRC member equity shares in the PERC facility closed. On Friday, March 2, 2018, the MRC mailed payments to 85 Equity Charter Members (ECM) based on their pro-rata ownership interest in PERC. The $1,500,000 Put Option Value was a one-time payment negotiated at the time of a larger settlement that PERC would pay to buy back all of the ownership interest in the plant held by the ECM.
A list of the amounts sent to the ECMs is available
The MRC would like to thank all of the ECMs for their care and consideration of timely exercising the Put Option. This represents a significant milestone in the successful wrapping up of the current disposal contracts with PERC.