News & Publications

Press Releases

2017 Directorate and Company Secretary change

15 June 2017

 

Following the AGM held today, Susan Laker tendered her resignation from the Board with immediate effect.

 

The Company is pleased to announce the appointments of Julian Lloyd Vine as a Chairman/Director of the Company and Robert McLearon as Company Secretary  with immediate effect.

 

Following the recent directorate changes, the board currently comprises the following Directors:

Peter Earl, Chief Executive Officer

Julian Lloyd Vine, Chairman

 

Robert McLearon has been appointed Company Secretary.

 

Peter Earl, CEO, commented:

"I would like to thank Susan for all her efforts during a difficult period for the Company and wish her every success in the future. I would also like to welcome Julian to the Board."

 

For further information contact:

Peter Earl, CEO, IPSA Group PLC

+44 (0) 20 7793 5600

29 June RNS announcement – Offer Update – Wholly Unconditional

Encor IPSA Offer - 29 June RNS Annoucnement

Result of 2017 AGM

15 June 2017

 

IPSA is pleased to announce that at the Company's AGM held today all resolutions were duly passed. 

 

Peter Earl, Chief Executive Officer

Susan Laker, Chairman

 

For further information contact:

Peter Earl, CEO, IPSA Group PLC

+44 (0) 20 7793 5600

Encor Power PLC Offer Document and related documents

25 May 2017

 

Notice is hereby given that that the "Recommended offer for the entire issued and to be issued share capital of IPSA Group PLC by Encor Power PLC" has been posted to IPSA shareholders in the United Kingdom. Please find this and other documents relevant to the offer below.

 

Further information regarding what action should be taken in respect of South Afrcan shareholders will be posted shortly.

 

Recommended offer for the entire issued and to be issued share capital of IPSA Group PLC by Encor Power PLC

Form of Acceptance and Authority (FOA)

 

 


 

 

Estimate of Value of the New Encor Shares in connection with the Recommended Acquisition of IPSA Group PLC by Encor Power plc

Offer Document Consent Letter

Optiva Securities Consent Letter

Message from Peter Earl, IPSA Group CEO, to Shareholders

25 May 2017

 

Dear Shareholder,

I am writing after a period of considerable silence to let you know that IPSA Group PLC has finally achieved a position of stability after teetering on the edge of bankruptcy for a number of years. IPSA is now also subject to a recommended share offer from Encor Power plc, a developer of electricity storage power plants in England, which will permit IPSA shareholders to benefit from this new type of smart grid power generation in a country less volatile than South Africa while also offering investors wishing to dispose of their resultant Encor share interest in a liquid market when Encor's full listing on the London Stock Exchange occurs in the early summer.

Following the disposal of IPSA's original power business in South Africa back in February 2016, Susan Laker and I joined the Board of IPSA as its sole, unpaid directors with the challenging task of resolving running disputes with Ethos Energy and Rurelec PLC over unpaid amounts due to and from IPSA. I am delighted to report that a comprehensive agreement with all parties was finally achieved in April of this year which also resulted in enough cash being paid or committed to IPSA to allow a settlement with all of IPSA's long suffering trade creditors. This now allows IPSA the breathing space to sell its remaining residual ancillary power equipment in storage in Italy.

In turn, IPSA has been able to agree terms with Encor for a recommended share exchange which gives Encor the benefit of IPSA's track record in developing and installing gas engines and small gas turbines as well as the potential economic contribution of IPSA's accumulated tax losses at some future date as Encor realises investment in its portfolio of U.K. power projects.

The last ten years have been turbulent for IPSA as it entered the South African power market only to see its hopes dashed by a government which reversed its policy of encouraging private investment in the power sector. The financial losses suffered by IPSA have caused considerable damage and for a period of time they threatened to overwhelm the company. The patience of IPSA shareholders was then further tested when the company was forced to delist from the AIM market, thereby stranding investors in IPSA shares who had no platform from which to trade their shares. I hope that the remedial actions of the last fourteen months will at least bring some relief once Encor shares are listed and the merged entity begins to install power generation capacity on a number of consented sites in England.

 

Yours faithfully,

 

Peter Earl

CEO, IPSA Group PLC

 

Notice of Annual General Meeting 2017 & Annual Report and Accounts

23 May 2017

 

Notice is hereby given that an Annual General Meeting of the Company will be held at the Company's offices at 17th Floor, Millbank Tower, 21-24 Millbank, London SW1P 4QP on 15 June 2017. A number of resolutions will be put shareholders. 

Copies of the Company's Annual Report and Accounts for the year ended 31 September 2016 ('2016 Report and Accounts'), Notice of AGM and Proxy Form have been posted to Shareholders in the UK.

Additional copies of the 2016 Report and Accounts, Notice of AGM and Proxy Forms may be requested directly from the Company. The report and accounts, Notice of AGM and Proxy Form are also available below.

For further information contact:

 

Peter R.S Earl, CEO                                         +44 (0) 207 793 5600

 

2016 Report and Accounts

Notice of AGM

United Kingdom Proxy Form

South Africa Proxy Form

Opening Position Disclosure

04 May 2017

 

IPSA Group PLC Opening Position Disclosure

IPSA Group PLC - Form 8 (OPD)

 

Below is a list of persons who hold 1% or more of any class of securities of IPSA Group PLC and will make Opening Position Disclosures under Rule 8.2(a) of the Code.

 

Henderson Group PLC - Form 8.3

Technology Finance - Form 8.3

S. Hargrave - Form 8.3

E. Shaw - Form 8.3

Sterling Trust - Form 8.3

 

WH Ireland Nominees Limited:

G. Wilson - Form 8.3

CIPB - Form 8.3

 


 

 

Encor Power PLC Opening Position Disclosure

Encor Power PLC - Form 8 (OPD)

Chris Morgan - Form 8(OPD)

Edward Cowdery - Form 8(OPD)

Julian Lloyd Vine - Form 8(OPD)

William Slegg - Form 8(OPD)

Encor Power PLC - Rule 2.9 Announcement

Encor Power PLC - Rule 2.9 Announcement 08 June 2017 Update

 

Below is a list of persons who hold 1% or more of any class of securities of Encor Power PLC and will make Opening Position Disclosures under Rule 8.2(a) of the Code.

 

Andrew Paul Crooks and Family - Form 8.3

Arranglen Limited - Form 8.3

Colin David  and Jane Marie Hammond - Form 8.3

Ecne Investments Limited - Form 8.3

HG Fund 1 - Form 8.3

Prudence Watts - Form 8.3

Robert Vernon Gladstone - Form 8.3

Secure Nominees Ltd - Form 8.3

Victor Simmonds and Family - Form 8.3

Below is a list of persons who hold 1% or more of any class of securities of IPSA Group PLC and will make Opening Position Disclosures under Rule 8.2(a) of the Code).

IPSA Group PLC Audited Accounts 2016

29 April 2017

 

IPSA Group PLC accounts have now been audited and are available below.

 

IPSA Group PLC Audited Accounts for the period ending 30 September 2016

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