| Mon 1 Oct 2007, 16:51 | | IPS / IPSA - IPSA Group PLC - Director`s Sharehold |
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IPS
IPSA
IPS / IPSA - IPSA Group PLC - Director`s Shareholding And Substantial Holding
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`)
DIRECTOR`S SHAREHOLDING AND SUBSTANTIAL HOLDING
IPSA announces that on 28 September 2007 its Chief Executive Officer, Peter
Earl, sold 5,000,000 ordinary shares in the Company to Independent Power
Corporation PLC ("IPC"), a company of which he owns 99.9% of the ordinary issued
share capital, at a price of 57.5 pence per share, the mid market closing price
as at 28 September 2007. Peter Earl no longer has a notifiable interest in the
share capital of the Company.
At the same time, IPC has acquired a further 5,000,000 ordinary shares in IPSA
from members of the Earl family, also at 57.5 pence per share. IPC`s total
shareholding in IPSA is now 10,000,000 ordinary shares, representing 11.2% of
the issued share capital of IPSA.
For further information contact:
Peter Earl, CEO, IPSA Group PLC +44 (0) 20 7793 5600
John Llewellyn-Lloyd, Noble & Company
Limited +44 (0) 20 7763 2200
Sean Lunn, Hichens, Harrison
(South Africa) Ltd +27 (0) 21 950 2711
Allan Piper, First City Financial +44 (0) 20 7436 7486
+44 (0) 7736 064982
1 October 2007
Sponsor
Standard Bank
AIM nominated advisor
Noble & Company Limited
Date: 01/10/2007 16:51:01 Produced by the JSE SENS Department.
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