News & Publications

Press Releases

IPSA Group PLC (IPSA) Lists On AltX and Announces Key Appointment for South African Operations

19 October 2006

IPSA Group PLC ("IPSA"), an independent power company listed on AIM commenced trading on AltX today. At 11.30 AM, the share traded at R5.95 an increase of 6.25% on the opening price of R5.60 with almost 37,000 shares having traded in more than 14 trades.

Read more: IPSA Group PLC (IPSA) Lists On AltX and Announces Key Appointment for South African Operations

Dual listing on ALTx and placing to raise £2.1m

16 October 2006

IPSA, the AIM listed independent power plant developer with operations in Southern Africa, is pleased to announce that, on 19 October 2006, all of the issued ordinary shares of the Company will be introduced to ALTx, the alternative exchange of the Johannesburg Stock Exchange Limited in South Africa.

Read more: Dual listing on ALTx and placing to raise £2.1m

Conditional Placing & Update on proposed listing on AltX

09 October 2006

IPSA is pleased to announce that it has made an application to the JSE to grant formal approval for the listing of IPSA ordinary shares of 2p each on Altx, the Alternative Exchange of the Johannesburg Stock Exchange ('JSE'). The listing is subject to the granting of formal approval by the JSE and the granting of exchange control approval by the South African Reserve Bank.

Read more: Conditional Placing & Update on proposed listing on AltX

IPSA proceeding with secondary listing on Johannesburg's Alternative Exchange, AltX

07 September 2006

The directors of independent power plant developers IPSA Group PLC ("IPSA") today announce that they are proceeding with the application for a proposed secondary listing of IPSA's shares on the AltX market of the JSE in South Africa

Read more: IPSA proceeding with secondary listing on Johannesburg's Alternative Exchange, AltX

Expansion Continuing in Southern Africa

07 September 2006

1. Construction progressing well at Newcastle, KwaZulu Natal, South Africa's first gas-fired IPP;
2. IPSA looking to increase size of Coega Project to 1,000 MW in initial open cycle phase;
3. Elitheni coal reserves receive satisfactory preliminary geological report; and
4. IPSA to work on emergency power, isolated generation and small CHP projects in the Region.

Read more: Expansion Continuing in Southern Africa

Notifiable Interests

4 September 2006

The Company wishes to provide a summary position of the notifiable interests in IPSA made to the Company over the past twelve months:

  • On 5 July 2006 UBS AG, acting through its business group and legal entities, had an interest in 3,025,000 ordinary shares of 2p each in the Company, representing 5.54% of the issued share capital of the Company. This represents the entire holding of UBS AG in the issued share capital of the Company as at the date of notification.
  • On 4 April 2006 Morgan Stanley Securities Limited ("MSSL") had an interest in 2,530,000 ordinary shares of 2p each in the Company, representing 4.63% of the issued share capital of the Company. This represents the entire holding of MSSL in the issued share capital of the Company as at the date of notification.
  • On 29 March 2006 Equity Special Situations Limited ("ESSL") had an interest in 2,611,108 ordinary shares of 2p each in the Company, representing 4.78% of the issued share capital of the Company. This represents the entire holding of ESSL in the issued share capital of the Company as at the date of notification.
  • On 8 March 2006 FMR Corp. and its direct and indirect subsidiaries had an interest in 3,246,075 ordinary shares of 2p each in the Company, representing 5.94% of the issued share capital of the Company. This represents the entire holding of FMR Corp. in the issued share capital of the Company as at the date of notification.
  • On 27 September 2005, following the Company's Admission to AIM on 20 September 2005, Moore Credit Fund (Master), L.P. had an interest in 3,703,700 ordinary shares of 2p each in the Company, representing 6.78% of the issued share capital of the Company.

    This represents the entire holding of Moore Credit Fund (Master), L.P. in the issued share capital of the Company as at the date of notification. The above represents all the notifiable interests received by the Company as of 4 September 2006.

Read more: Notifiable Interests

Strong project flow as South African energy crisis deepens

21 June 2006

IPSA Group PLC, the AIM-quoted company building power generation capacity in Southern Africa, has announced its interim results for the 10 months to 31st March 2006.

Read more: Strong project flow as South African energy crisis deepens

Appointment of Director

8 June 2006

IPSA is pleased to announce the appointment of Neil Bryson, former Chairman of The Electricity Pool of England & Wales, as an independent non-executive Director of the Company with immediate effect.

Read more: Appointment of Director

Strategic Investment - Placing of 6,000,000 new shares for cash

24 October 2006

IPSA, the AIM and AltX dual listed independent power plant developer with operations in southern Africa, announces that on 24 October 2006 STANLIB Asset Management Limited ("Stanlib") agreed to subscribe for 6,000,000 new ordinary shares of 2 pence each in a placing for cash ("the Placing") at a placing price of 6.05 Rand (approximately 42 pence) per ordinary share in IPSA. Following the Placing Stanlib will be interested in 9.07 per cent. of the enlarged issued share capital of the Company.

Read more: Strategic Investment - Placing of 6,000,000 new shares for cash

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