| Mon 3 Sep 2007, 13:00 | | IPS - Ipsa - Issue of shares for cash to Metropoli |
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IPS
IPSA
IPS - Ipsa - Issue of shares for cash to Metropolitan Life Limited in terms of
Ipsa`s broad-based black economic empowerment initiative
IPSA GROUP PLC
Incorporated and registered in England and Wales)
Registration number 5496202)
AIM Share Code: IPSA & ISIN: GB00B0CJ3F01
JSE Share Code: IPS & ISIN: GB00B0CJ3F01
(`IPSA` or `the Company`)
ISSUE OF SHARES FOR CASH TO METROPOLITAN LIFE LIMITED IN TERMS OF IPSA`S BROAD-
BASED BLACK ECONOMIC EMPOWERMENT (`BBBEE`) INITIATIVE
IPSA, the independent power plant developer with operations in southern Africa,
announces that it has submitted applications for 13,434,612 new ordinary shares
(the "New Shares") of 2p each in the Company to be admitted to trading
simultaneously on AIM, a market operated by the London Stock Exchange plc, and
ALTx, the alternative exchange of the JSE Limited. It is expected that the New
Shares will be admitted to trading on AIM and ALTx on 4 September 2007.
The issue of the New Shares was announced on 30 August 2007 and will raise
R118,896,316.20 (GBP8,060,767.20) for IPSA before expenses.
There are no shares held in treasury, therefore the total number of voting
rights in the Company following admission of the New Shares to AIM and ALTx will
be 89,564,081. This figure may be used by shareholders from 4 September 2007 as
the denominator for the calculations by which they will determine whether they
are required to notify their interest, or change to their interest, in IPSA,
under the Disclosure and Transparency Rules.
For further information please contact:
Peter Earl, CEO, IPSA Group PLC +44 (0)20 7793 5600
Sean Lunn, Hichens, Harrison (Africa) +27 (0) 21 950 2711
Kevin Homann, Spirit Capital +27 (0) 11 784 1712
John Llewellyn-Lloyd, Noble & Company Limited +44 (0)20 7763 2200
Allan Piper, First City Financial +44 (0) 7736 064982
+44 (0) 20 7242 2666
3 September 2007
Noble & Company Limited
AIM Nominated Advisor and Joint Broker to IPSA Group PLC
Standard Bank
AltX Sponsor to IPSA Group PLC
Hichens, Harrison & Co. plc
Joint Broker to IPSA Group PLC
Date: 03/09/2007 13:00:01 Produced by the JSE SENS Department.
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