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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ipsa Grp | LSE:IPSA | London | Ordinary Share | GB00B0CJ3F01 | ORD 2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.40 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMIPSA
RNS Number : 5411Q
IPSA Group PLC
29 February 2016
29 February 2016
IPSA Group PLC
("IPSA" or the "Company")
Sale of Blazeway Engineering Limited
Further to the RNS dated 28 January 2016, IPSA (AIM:IPSA), the developer, owner and operator of power generation capacity in South Africa, announces the completion of the sale of Blazeway Engineering Limited ("Blazeway") to Sloane Corporation Limited ("SCL") following satisfaction of the conditions precedent in the sale and purchase agreement.
The transaction constitutes a fundamental disposal under the AIM Rules and consequently IPSA is now regarded as an AIM Rule 15 cash shell, and is required to make an acquisition or acquisitions constituting a reverse takeover under the AIM Rules within the next 6 months.
For further information contact:
Mark Otto, Acting CEO IPSA Group PLC +27 (84) 219 2000 James Joyce / James Bavister W H Ireland Ltd +44 (0) 20 7220 1666 Riaan van Heerden, PSG Capital (Pty) Ltd. +27 (0) 21 887 9602
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISTLMPTMBTTBIF
(END) Dow Jones Newswires
February 29, 2016 13:32 ET (18:32 GMT)
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