| Fri 25 Jan 2008, 14:00 | | IPS - IPSA Group Plc - Appointment of director |
|
IPS
IPSA
IPS - IPSA Group Plc - Appointment of director
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`)
Appointment of Director
IPSA is delighted to announce the appointment of Ms Rizelle Sampson, the CEO of
African Footprint Investment Holdings (Pty) Limited, as a non-executive director
of the Company with immediate effect.
Ms Sampson is a director of, and has an effective 17.25% shareholding in,
Amandla Energy Resources (Pty) Limited (formerly known as IMARA Energy
Resources) ("Amandla") which, in turn, holds an option to acquire 13,434,612
ordinary shares in the Company (being 15% of the current issued share capital)
from Metropolitan Asset Managers Limited.
Ms Sampson, who has extensive business and civil service experience, is a former
senior manager at the Ministry of Communications and Sentech Limited. She
started her career in the financial services sector and, since leaving
government in March 2003, has played a prominent and influential role in a
number of black economic empowerment transactions.
Commenting on the appointment, Peter Earl, Chief Executive Officer of IPSA,
said: "We are thrilled that Rizelle will be joining the Board of IPSA. Rizelle`s
experience and knowledge of the government and business environment will be of
huge value to the Company as we continue to expand our portfolio of power
projects in southern Africa."
For further information please contact:
Peter Earl, CEO, IPSA Group plc +44 (0)20 7793 7676
Liz Shaw, COO, IPSA Group PLC +44 (0)20 7793 5600
John Llewellyn-Lloyd, Noble and
Company Limited +44 (0)20 7763 2200
(Nominated Adviser and Joint Broker)
Sean Lunn, Hichens, Harrison
South Africa) Ltd +2721 950 2711
(Joint Broker)
Allan Piper, First City Financial +44 (0)20 7242 2666
(UK Public Relations Advisers)
Jacques de Bie,
College Hill (South Africa) +2711 447 3030
South African Public Relations Advisers)
Additional information
In accordance with Schedule 2(g) of the AIM Rules, the following information in
relation to the appointment of Rizelle Sampson (aged 32) as a director of IPSA
is disclosed:
Current directorships and partnerships:
African Footprint Investment Holdings Pty Limited, Director
Tellumat Pty Limited, Director
Anooraq Resources Corporation, Director
National Electronic Media Institute of South Africa, Chairperson
Sail Group Pty Limited, Director
Singaphi Properties Pty Limited, Director
Akina Energy Pty Limited, Director
Plateau Resources Pty Limited, Director
Wit Deep Sand and Stone Pty Limited, Director
Benoni Sand and Buildware Pty Limited, Director
Crushco Pty Limited, Director
Vukuza Earth Works Pty Limited, Director
Amandla Energy Resources Pty Limited, Director
Pan African Telecoms Pty Limited, Director
Afigem Investments Pty Limited, Director
Sihayo Technology Holdings Pty Limited, Director
African Footprint Investments 7 Pty Limited, Director
Bowman Trading Pty Limited, Director
Directorships and partnerships held in the past five years:
B D Sarens Pty Limited, Director
Alzena Construction Pty Limited, Director
Tanzanite Consulting Pty Limited, Director
Limani Properties Pty Limited, Director
Lefatshe Security Services Pty Limited, Director
Micawber 277 Pty Limited, Director
Save for the information disclosed above there is no other information falling
to be disclosed under Schedule 2(g) of the AIM Rules.
25 January 2008
Noble & Company Limited
AIM Nominated Advisor and Joint Broker to IPSA Group PLC
Standard Bank
AltX Sponsor to IPSA Group PLC
Date: 25/01/2008 14:00:04 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
