4th Apr 2008 12:45
IPSA Group PLC04 April 2008 4 April 2008 IPSA Group PLC ("IPSA" or the "Company") Director's Shareholding IPSA, the AIM and AltX dual listed independent power plant developer withoperations in southern Africa, was today notified that on 3 April 2008 StephenHargrave, non-executive Chairman of the Company, transferred 1,700,000 ordinaryshares in the Company to a company, which is a subsidiary of a company of whichhe is also a director, at a price of 76 pence per share. Stephen Hargravecontinues to hold 3,670,370 ordinary shares in the Company representing 4.09 percent. of the issued share capital of IPSA. Beneficial ownership of the sharessold by Stephen Hargrave remains unchanged. The transfer was made in order to reduce Mr Hargrave's liability to CapitalGains Tax. The transaction does not affect the total interest of Mr Hargrave inthe share capital of the company. For further information, please contact: For further information please contact: Peter Earl, CEO, IPSA Group PLC +44 (0)20 7793 5600 John Llewellyn-Lloyd, Noble & Company Limited +44 (0)20 7763 2200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
IPSA.L