| Wed 13 Dec 2006, 15:45 | | IPS - IPSA Group Plc - Notifiable Interest |
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IPS
IPSA
IPS - IPSA Group Plc - Notifiable Interest
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`)
NOTIFIABLE INTEREST
IPSA, the AIM and AltX dual listed independent power plant developer with
operations in southern Africa, announces that on 11 December 2006 it received
the following notifications:
* Morgan Stanley Securities Limited ("MSSL") has an interest in 2,530,000
ordinary shares of 2p each in the Company ("Ordinary Shares"), representing
3.83% of the issued share capital of the Company. This represents the entire
holding of MSSL in the issued share capital of the Company as at the date of
notification; and
* UBS AG ("UBS"), acting through its business group and legal entities, has
increased its interest in the Company to 3,887,523 Ordinary Shares, representing
5.88% of the issued share capital of the Company. This represents the entire
holding of UBS in the issued share capital of the Company as at the date of
notification.
On 3 November 2006 UBS, acting through its business group and legal entities,
had an interest in 3,025,000 Ordinary Shares, representing 4.57% of the issued
share capital of the Company.
On 4 April 2006, prior to the placings of 5,499,839 Ordinary Shares at the time
of the dual listing on 19 October 2006 and 6,000,000 Ordinary Shares to Stanlib
Asset Management Limited on 2 October 2006, MSSL had an interest in 2,530,000
Ordinary Shares, representing 4.63% of the issued share capital of the Company.
13 December 2006
Sponsor
STANDARD BANK
AIM nominated advisor
NOBLE & COMPANY LIMITED
For further information please contact:
Peter Earl, CEO, IPSA Group plc
020 7793 7676
Mark Froggatt, Noble & Company Limited
020 7763 2200
Allan Piper, First City Financial
07736 064982
020 7436 7486
Date: 13/12/2006 15:45:01 Produced by the JSE SENS Department.
