4th Dec 2008 07:00
RNS Number : 5161J
IPSA Group PLC
04 December 2008
4th December 2008
IPSA Group PLC
Update regarding possible disposal of gas turbines
As stated in the announcement made on 24th October 2008, IPSA Group PLC (“IPSA” or “the Company”) is providing shareholders with an update on progress since that date. IPSA continues to be in advanced discussions with selected parties outside South Africa for the sale of the four Fiat Avio 501 D gas turbines previously intended for its Coega project near Port Elizabeth, South Africa. However, the Company wishes to emphasize that any such sale may or may not proceed to completion and that the current financial climate may impact on the timetable to completion.
Shareholders will be updated on progress.
For further information contact:
Peter Earl, CEO, IPSA Group PLC: +44 (0)20 7793 5615
Elizabeth Shaw, COO, IPSA Group PLC: +44 (0)20 7793 5615
Sunil Sanikop / Jarod Casey, Noble & Company Ltd: +44 (0)20 7763 2200
(Nominated Adviser and Joint Broker)
Sean Lunn, Hichens, Harrison (South Africa) Ltd: +27 (21) 950 2711
(Joint Broker)
Allan Piper, Tavistock Communications: +44 (0)20 7920 3150
(UK PR Advisers)
Dino Theodorou / Melissa Harris, PSG Capital (Pty.) Limited: +27 11 797 8400
(South African Sponsors)
Jacques de Bie, College Hill: +27 11 447 3030
(South African PR Advisers)
Or visit IPSA's website: www.ipsagroup.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
Related Shares:
IPSA.L