Result of AGM

30 September 2013

IPSA Group PLC

("IPSA" or "the Company")

Result of AGM

IPSA PLC (AIM: IPSA), the developer, owner and operator of power generation capacity in Southern Africa, announces that resolutions 1 to 6 put to shareholders at the Company's Annual General Meeting ("AGM") held earlier today were duly passed, and that resolution 7 was not passed. 

Voting on each Resolution was as follows:

Resolution 1: 100 per cent in favour out of the votes cast being 50,679,458 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 2: 100 per cent in favour out of the votes cast being 50,679,458 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 3: 100 per cent in favour out of the votes cast being 50,679,458 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 4: 100 per cent in favour out of the votes cast being 50,679,458 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 5: 100 per cent in favour out of the votes cast being 50,679,458 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 6: 76.76 per cent in favour out of the votes cast being 39,956,701 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.

Resolution 7: 67.77 per cent in favour out of the votes cast being 35,271,266 shares voted in favour out of a possible total of 107,504,081 shares eligible to vote on this motion.  

For further information contact: