14th Jan 2013 12:30
14 January 2013
IPSA Group PLC
Update re Sale of Turbines
IPSA Group PLC (AIM:IPSA), the developer, owner and operator of power generation capacity in southern Africa, notes the recent movement in its share price and advises shareholders that the situation in relation to the sale of the two turbines to Iris Eco Power Sdn BHD ("Iris") remains the same as described in the announcement dated 18 December 2012: an extension was requested by Iris in December 2012 which the Company's principal creditors have not yet given their consent to formalise. In the meantime, Iris continues to make efforts to complete the purchase of the turbines as planned.
A further announcement will be made as and when appropriate.
For further information contact:
Phil Metcalf, CEO IPSA Group PLC |
+44 (0)20 7793 5615
|
John Llewellyn-Lloyd / Harry Stockdale Execution Noble & Company Ltd |
+44 (0)20 7456 9191
|
Harry Ansell / James Joyce W H Ireland Ltd |
+44 (0)20 7220 1666 |
Riaan van Heerden, PSG Capital (Pty) Ltd |
+27 (0)21 887 9602 |
Related Shares:
IPSA.L