3rd Sep 2007 12:00
IPSA Group PLC03 September 2007 3 September 2007 IPSA Group PLC ("IPSA" or the "Company") ISSUE OF SHARES FOR CASH TO METROPOLITAN LIFE LIMITED IN TERMS OF IPSA'S BROAD-BASED BLACK ECONOMIC EMPOWERMENT ('BBBEE') INITIATIVE IPSA, the independent power plant developer with operations in southern Africa,announces that it has submitted applications for 13,434,612 new ordinary shares(the "New Shares") of 2p each in the Company to be admitted to tradingsimultaneously on AIM, a market operated by the London Stock Exchange plc, andALTx, the alternative exchange of the JSE Limited. It is expected that the NewShares will be admitted to trading on AIM and ALTx on 4 September 2007. The issue of the New Shares was announced on 30 August 2007 and will raiseR118,896,316.20 (£8,060,767.20) for IPSA before expenses. There are no shares held in treasury, therefore the total number of votingrights in the Company following admission of the New Shares to AIM and ALTx willbe 89,564,081. This figure may be used by shareholders from 4 September 2007 asthe denominator for the calculations by which they will determine whether theyare 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 +44 (0)20 7793 5600 Sean Lunn, Hichens, Harrison (Africa) +27 (0) 21 950 2711 Kevin Homann, Spirit Capital +27 (0) 11 784 1712 John Llewellyn-Lloyd, Noble &Company Limited +44 (0)20 7763 2200 Allan Piper, First City Financial +44 (0) 7736 064982 +44 (0) 20 7242 2666 Noble & Company LimitedAIM Nominated Advisor and Joint Broker to IPSA Group PLC Standard BankAltX Sponsor to IPSA Group PLC Hichens, Harrison & Co. plcJoint Broker to IPSA Group PLC This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
IPSA.L