IPS
IPSA
IPSA Group Plc - Notice of annual general meeting
IPSA Group Plc
(Incorporated and registered in England and Wales)
(Registration number 5496202)
AIM Share Code: IPSA AIM ISIN: GB00B0CJ3F01
JSE Share Code: IPS JSE ISIN: GB00B0CJ3F01
"IPSA" or "the Company")
NOTICE OF ANNUAL GENERAL MEETING ("AGM")
The Directors of IPSA, the AIM and ALTx dual listed independent power plant
developer with operations in southern Africa, announce that the Company"s first
AGM will be held at 2.00pm on 21 December 2006 at 5th Floor, Prince Consort
House, 27-29 Albert Embankment, London, United Kingdom, SE1 7TJ.
A notice detailing the resolutions to be proposed at this AGM was posted to
shareholders yesterday. The resolutions to be proposed at the AGM are
summarised below:
* Ordinary resolutions to re-elect those directors who are due to retire
from the Company by rotation;
* An ordinary resolution to re-appoint Grant Thornton UK LLP as auditors of
the Company;
* An ordinary resolution to authorise the directors of the Company to allot
relevant securities to an aggregate nominal amount of GBP400,000 pursuant to
Section 80 of the UK Companies Act 1985 (the "Act"); and
* A special resolution to empower the directors of the Company pursuant to
Section 95 of the Act to allot equity securities for cash as if the pre-emption
rights in Section 89 of the Act did not apply to such allotment provided that
such power be limited to an aggregate nominal amount of GBP200,000.
The Directors propose to hold an extraordinary general meeting in the first
quarter of 2007 at which the statutory audited accounts for the accounting
period to 30 September 2006 will be presented to shareholders. The Directors
thereafter intend to hold the Company"s AGM in the first quarter of each
calendar year.
A copy of the AGM notice will be available at the Company"s registered office
for a period of one month from the date of posting.
29 November 2006
Sponsor
STANDARD BANK
AIM nominated advisor
NOBLE & COMPANY LIMITED
For further information please contact:
Peter Earl, CEO, IPSA Group plc +44 20 7793 5600
Adam Westcott, Noble & Company Limited +44 20 7763 2200
Allan Piper, First City Financial +44 7736 064982 or +44 20 7436 7486
Date: 29/11/2006 11:34:14 AM Produced by the JSE SENS Department
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