| Mon 22 Dec 2008, 17:45 | | IPS - IPSA Group Plc - Director`s Shareholding |
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IPS
IPSA
IPS - IPSA Group Plc - Director`s Shareholding
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
Independent Power Corporation PLC ("IPC"), a company controlled by Peter Earl,
Chief Executive Officer of IPSA, has made a preliminary move to increase its
liquidity for its own power developments in view of the current financial
climate by way of a disposal of Ordinary Shares in IPSA to Mr. Earl.
IPSA, the owner, developer and manager of power plants in South Africa, has
received notification from Mr. Earl that he has today acquired 10,000,000
Ordinary Shares in the Company from IPC at a price of 32 pence per share.
Following the purchase Mr. Earl has a notifiable interest in 10,010,000 Ordinary
Shares in the Company, representing approximately 11.2 per cent of the issued
share capital of IPSA.
IPC, which is 89.9 per cent owned by Mr. Earl, no longer has a notifiable
interest in the share capital of IPSA.
IPC is a developer and operator of power plants worldwide. Since 1996 it has
owned, operated or developed over 4,000 MW of power generation capacity. Today
it has some 2,000 MW of thermal and hydro-electric power projects in Indonesia,
Holland, the United Kingdom and the former Soviet Union and is finalising
management contracts in Kazakhstan, Kenya and the UAE having previously operated
gas-fired power generation units in Latin America for a subsidiary of BP.
22 December 2008
For further information contact:
Peter Earl, CEO, IPSA Group PLC: +44 (0)20 7793 7676
Elizabeth Shaw, COO, IPSA Group PLC: +44 (0)20 7793 7676
John Llewellyn-Lloyd, Noble & Company Ltd: 44 (0)20 7763 2200
(Nominated Adviser and Joint Broker)
Sean Lunn, Religare Hichens, Harrison (South Africa) Ltd: +27 21 950 2711 (Joint
Broker)
Allan Piper, First City Financial Public Relations:+44 (0)20 7436 7486 (UK PR
Advisers)
Dino Theodorou - PSG Capital (Pty) Limited +27 11 797 8400
(South African Sponsors)
Sugitha Naidoo, College Hill: +27 11 447 3030
(South African PR Advisers)
Or visit IPSA`s website: www.ipsagroup.co.uk
Date: 22/12/2008 17:45:22 Produced by the JSE SENS Department.
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