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IPSA GROUP PLC - Results of AGM and Directorate Change

Release Date: 07/04/2016 16:30
Code(s): IPS     PDF:  
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Results of AGM and 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")

                  Results of AGM and Directorate Change

IPSA is pleased to announce that the Company’s AGM held today all
resolutions were duly passed. Richard Linnell and Neil Bryson did not stand for
re-election as Directors and subsequently will be leaving the Board with
immediate effect. Following the AGM, Mark Otto tendered his resignation and
has resigned from the Board with immediate effect.

The Company is pleased to announce the appointment of Susan Angela Laker
as a Chairman Director with immediate effect.

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

 - Peter Earl, Chief Executive Officer
 - Susan Laker, Chairman and Company Secretary

Peter Earl, Acting CEO, commented:

“I would like to thank Richard, Mark and Neil for all their efforts and wish them
every success in the future. I would also like to welcome Susan to the Board,
I’m certain she will prove a valuable addition to the Board.”


The following information is disclosed pursuant to Rule 17 and Schedule 2,
paragraph G of the Aim Rules:

Susan Laker (aged 64) began her career at Racal Electronics PLC in the China
office before working as a lawyer for Bird and Bird. Susan also held part time
roles for UK Government advising British companies on business with China
and as a lecturer for the School of Oriental and African Studies, University of
London. in 1997 Susan joined the Independent Power Corporation PLC as a
Director. In 2003 Susan joined Rurelec PLC as Company Secretary and in 2005
she joined IPSA Group PLC as Company Secretary. Susan also served as
Company Secretary and General Counsel to Strategic Natural Resources PLC
between 2006 and 2010. Susan is a qualified solicitor and Member of the Law
Society of England and Wales.
Susan owns 650,000 ordinary shares in IPSA (“Shares”), representing
approximately 0.6 per cent. of the Company’s issued share capital. Susan also
has 407,181 options over Shares.

Current directorships

Blazeway Engineering Limited
Bioethanol Limited

Previous directorships (within 5 years)

Latin Bio Limited
Greenheart Wood Fuels Limited
Asian Independent Power Limited
Independent Power Corporation PLC
The Old Library Apartments Management Company Limited

Susan was a Director of Asian Independent Power Limited when it was placed
into compulsory liquidation in January 2012 when it could not meet its
obligations to its convertible loan note holders. There were unsatisfied claims
from unsecured creditors totalling approximately £496,000. Liquidation
proceedings were closed in August 2014.

Save for the information disclosed above there is no other information to be
disclosed pursuant to Schedule 2, paragraph G of the AIM Rules.

                        For further information contact:

  Peter Earl, CEO                                +44 (0) 20 7793 7676
  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.


7 April 2016

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