1st Oct 2007 15:51
IPSA Group PLC01 October 2007 1 October 2007 IPSA Group PLC ("IPSA" or "the Company") Director's Shareholding and Substantial Holding IPSA Group PLC ("IPSA" or "the Company") announces that on 28 September 2007 itsChief Executive Officer, Peter Earl, sold 5,000,000 Ordinary shares in theCompany to Independent Power Corporation PLC ("IPC"), a company of which he owns99.9% of the ordinary issued share capital, at a price of 57.5 pence per share,the mid market closing price as at 28 September 2007. Peter Earl no longer hasa notifiable interest in the share capital of the Company. At the same time IPC has acquired a further 5,000,000 Ordinary shares in IPSAfrom members of the Earl family, also at 57.5 pence per share. IPC's totalshareholding in IPSA is now 10,000,000 Ordinary shares, representing 11.2 percent. of the issued share capital of IPSA. For further information contact: Peter Earl, CEO, IPSA Group PLC +44 (0) 20 7793 5600 John Llewellyn-Lloyd, Noble & Company Limited +44 (0) 20 7763 2200 Sean Lunn, Hichens, Harrison (South Africa) Ltd +27 (0) 21 950 2711 Allan Piper, First City Financial +44 (0) 20 7436 7486 +44 (0) 7736 064982 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
IPSA.L