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Directorate Change
IPSA GROUP PLC
(Incorporated and registered in England and Wales)
(Registration Number 5496202)
AIM Share Code IPSA ISIN GB00BOCJ3F01
JSE Share Code IPS ISIN GB00BOCJ3F01
("IPSA" or "the Company")
Directorate Change
The Directors of IPSA are pleased to announce the appointment of Peter Richard
Stephen Earl as an Executive Director, with immediate effect.
Peter Earl (aged 61) began his career at the Boston Consulting Group Inc. advising
state-owned companies. He has advised governments on privatisations in Latin
America and Eastern Europe having served as Deputy Chairman for the United
Nations Economic Commission for Europe infrastructure finance group. He became a
director of Fieldstone Private Capital Group in London in 1994 where he advised on
cross-border power sector acquisitions and bids totalling approximately US$6 billion,
involving 5,000 MW of installed generating capacity. In 1995 he founded Independent
Power Corporation PLC. He was a founding director of Rurelec PLC in 2005. Peter
was formerly a Director of IPSA, he left the board in July 2015.
Peter owns 250,000 shares in IPSA, representing approximately 0.23 per cent. of the
Company’s issued share capital.
Current directorships
Independent Power Construction Ltd
Hydrocarbon Exploration Ltd
Park Avenue Nominees Ltd
Amelia’s Kitchen Ltd
Independent Power Operations Ltd
Hydrocarbon Exploration Peru Ltd
Anglo Kazakh Transasian Pipeline Corporation Ltd
Sloane Corporation Ltd
Andean Mining Corporation Ltd
The Independent Power Corporation Plc
Sloane Corporate Finance Ltd
Oxford Philharmonic Orchestra Productions Ltd
Oxford Philharmonic Orchestra Trust
Previous directorships (within 5 years)
IPSA Group Plc
Rurelec Plc
Rurelec Project Finance Ltd
Rurelec Power Services Ltd
Cascade Hydro Ltd
Cochrane Power Ltd
Tri-Lens Productions Ltd
Sloane Corporation Ltd
Sloane Climate Change Finance Ltd
Sloane Corporate Finance Advisors Ltd
Sloane Project Finance Ltd
8 Moorhouse Road Management Ltd
Blazeway Engineering Ltd
Pan Peruvian Mining Ltd
Peter was an executive director of Tranwood PLC when it was placed in administrative
receivership in August 1991. All non-bank creditors were repaid in full. Tranwood PLC
remained solvent but lost its Unlisted Securities Market (“USM”) listing. USM was a
market set up by the London Stock Exchange in 1980 for the trading of shares of small
to medium sized companies which did not qualify for a full listing, and which was
discontinued at the end of 1996. Tranwood PLC was dissolved in 2000.
Peter was also an executive director of Carter Organization, Inc. which was placed into
Chapter 11 in 1991. Chapter 11 of the Bankruptcy Code (located at Title 11 of the
United States Code) governs the process of reorganisation under the bankruptcy laws
of the United States. Bankruptcy in the US relates to both individuals and
organisations. In 1992, Carter Organization, Inc. came out of Chapter 11 successfully
restructured.
Save for the information disclosed above there is no other information pursuant to
Schedule 2(g) of the AIM Rules.
For further information contact:
Mark Otto, Acting CEO +27 (84) 219 2000
IPSA Group PLC
James Joyce / James Bavister +44 (0) 20 7220 1666
W H Ireland Ltd
Riaan van Heerden, +27 (0) 21 887 9602
PSG Capital (Pty) Ltd.
1 March 2016
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