| Fri 4 Apr 2008, 13:45 | | IPS - Ipsa Group Plc - Directors Shareholding |
|
IPS
IPSA
IPS - Ipsa Group Plc - Directors Shareholding
IPSA GROUP PLC
(Incorporated and registered in England and Wales)
(Registration Number 5496202)
AIM Share Code: IPSA ISIN: GBOOBOCJ3F01
JSE Share Code: IPS ISIN: GBOOBOCJ3F01
("IPSA" or "the company")
DIRECTORS SHAREHOLDING
IPSA, the AIM and AltX dual listed independent power plant developer with
operations in southern Africa, was today notified that on 3 April 2008 Stephen
Hargrave, non-executive Chairman of the Company, transferred 1,700,000 ordinary
shares in the Company to a company, which is a subsidiary of a company of which
he is also a director, at a price of 76 pence per share. Stephen Hargrave
continues to hold 3,670,370 ordinary shares in the Company representing 4.09 per
cent. of the issued share capital of IPSA. Beneficial ownership of the shares
sold by Stephen Hargrave remains unchanged.
The transfer was made in order to reduce Mr Hargrave`s liability to Capital
Gains Tax. The transaction does not affect the total interest of Mr Hargrave in
the share capital of the company.
For further information, please contact:
For further information please contact:
Peter Earl, CEO, IPSA Group PLC +44 (0)20 7793 5600
John Llewellyn-Lloyd, Noble & Company Limited +44 (0)20 7763 2200
Date: 04/04/2008 13:45:01 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.
