IPSA GROUP PLC - Malaysian Court Finds in Favour of IPSA
IPS 201504170008A
Malaysian Court Finds in Favour of IPSA
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")
Malaysian Court Finds in Favour of IPSA
IPSA, the developer, owner and operator of power
generation capacity in southern Africa, is delighted to
announce that the appeal of Iris Ecopower Sdn Berhad
("Iris") was dismissed this morning in the Malaysian
Court of Appeal. The Court also awarded costs in favour
of IPSA. This is the second time in which the Malaysian
courts have found in favour of IPSA in the previously
reported dispute. On 25 March 2014 the Malaysian High
Court accepted an application by IPSA that the Malaysian
courts should not have jurisdiction over the claim
brought by Iris as previously announced on 21 November
2013.
Speaking today in London, Peter Earl, Acting CEO of IPSA,
said. “I am very pleased that the Malaysian courts have
yet again dismissed the Iris claim. This is an important
victory for IPSA.”
For further information contact:
Peter R.S. Earl, Acting CEO +44 (0)20 7793 5615
IPSA Group PLC
James Joyce +44 (0)20 7220 1666
W H Ireland Ltd
Riaan van Heerden +27 (0)21 887 9602
PSG Capital (Pty) Ltd
London
17 April 2015
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