| Wed 28 Apr 2010, 17:09 | | IPS - IPSA Group Plc - Appointment of Chairman |
|
IPS
IPSA
IPS - IPSA Group Plc - Appointment of Chairman
IPSA GROUP PLC
(Incorporated and registered in England and Wales)
(Registration Number 5496202)
AIM Share Code IPSA ISIN GB00BOCJ3F01
JSE Share Code IPS ISIN GB00BOCJ3F01
("IPSA" or "the company")
Appointment of Chairman
IPSA PLC (AIM: IPSA), the developer, owner and operator of power generation
capacity in Southern Africa, is pleased to announce the appointment of Richard
Linnell as Chairman of the Board of Directors, replacing Stephen Hargrave who
stepped down at the conclusion of the AGM.
Richard is a South African national. A geologist by training, he has over 35
years` experience in the resource industry in Africa, principally with companies
now forming part of BHP Billiton. His last two executive roles were Regional
Director of African Exploration and Development with Billiton and General
Manager of Manganese at Samancor. After retiring from full time employment with
the BHP Billiton Group, he served as a non-executive Director of Billiton (SA)
Ltd, until 2003. He is non-executive chairman of Coal of Africa Ltd and a
director of a number of other companies.
Peter Earl, chief executive of IPSA, said: "We are delighted that Richard
Linnell has agreed to become Chairman of IPSA Group. Richard is a former member
of the Eskom Council and has unrivalled experience of the energy market in South
Africa. He has represented the intensive energy users as well as leading the
expansion of South Africa`s major mining houses. His experience in the coal
sector is hugely valuable as IPSA looks to accelerate its presence in new clean
coal CFB power developments in the Eastern Cape. I believe that Richard will
oversee a resurgence of IPSA as a leader among independent power producers in
southern Africa."
Additional information:
In accordance with Schedule 2(g) of the AIM Rules, the following information in
relation to the appointment of Richard John Linnell (age 65) as a director of
IPSA is disclosed as follows:
Current directorships and partnerships:
Centebale Resources Ltd
Coal of Africa Limited
Cuco Resources Ltd
D Group SA Pty Ltd
D Group Corporate Forum
GRD Minproc SA Ltd
Mag Industries Corp Inc
Mag Minerals Potash Corp
Maghreb Minerals Plc
New Kush Exploration & Mining Ltd
Nimag Pty Ltd
RJ Linnell & Associates CC
Rockwell Diamonds Inc
Sacoil Holdings Ltd
VML Resources Ltd
Directorships and partnerships held in the past five years:
Brinkley Mining Company Plc
Chrome Corporation Ltd
Falkland Gold & Minerals Ltd
GMA Resources Ltd
GRD Minproc Ltd
Kalahari Diamonds Plc
Moydow Mines International Inc
Resource and Investment NL
Project Literacy Education Centre
Businessmap Ltd
Save for the information disclosed above there is no other information falling
to be disclosed under Schedule 2(g) of the AIM Rules.
London
28 April 2010
For further information contact:
Peter Earl, CEO, IPSA Group PLC: +44 (0)20 7793 5615
John Llewellyn-Lloyd / Harry Stockdale, Execution Noble & Company Limited: +44
(0)20 7456 9191
Riaan van Heerden, PSG Capital (Pty) Limited: +27 11 797 8400
Date: 28/04/2010 17:09:33 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.
