IPS - IPSA Group Plc - Formal SARB Approval for Pl
IPS
IPSA
IPS - IPSA Group Plc - Formal SARB Approval for Placing of Shares on Altx
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 Group PLC ("IPSA" or "the Company")
FORMAL SARB APPROVAL FOR PLACING OF SHARES ON ALTX
IPSA, the independent power plant developer with operations in southern Africa,
which is quoted on AIM and has a secondary listing on ALTx, announces that,
following receipt of exchange control approval from the South African Reserve
Bank for the listing of the new shares on ALTx, it has today submitted its
application for 10,000,000 new ordinary shares of 2p each in the Company (the
"Placing Shares") to be admitted simultaneously to AIM and ALTx. It is expected
that the Placing Shares will be admitted to trading on 8 March 2007.
The placing for cash was originally announced on 16 February 2007 and will raise
GBP7,500,000 before expenses (approximately ZAR 105,853,875).
There are no shares held in treasury, so the total number of voting rights in
the Company following admission of the Placing Shares to AIM and ALTx will be
76,129,469. This figure may be used by shareholders from 8 March 2007 as the
denominator for the calculations by which they will determine whether they are
required to notify their interest, or change to their interest, in IPSA, under
the Disclosure and Transparency Rules.
For further information please contact:
Peter Earl, CEO, IPSA Group PLC 020 7793 7676
John Llewellyn-Lloyd, Noble & Company Limited 020 7763 2200
Allan Piper, First City Financial 07736 064982
020 7436 7486
2 March 2007
Sponsor
Standard Bank
Date: 02/03/2007 15:45:00 Produced by the JSE SENS Department.
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