IPSA Press Releases





> September 19, 2005 > November 1, 2005 > March 6, 2006 > June 8, 2006 > June 21, 2006 > September 5, 2006 > September 7, 2006 > September 7, 2006 > October 9, 2006 > October 16, 2006 > October 19, 2006 > October 25, 2006 > October 30, 2006 > November 9, 2006 > November 9, 2006 > November 29, 2006 > December 13, 2006 > December 18, 2006 > December 22, 2006 > January 15, 2007 > January 19, 2007 > January 31, 2007 > February 1, 2007 > February 14, 2007 > February 16, 2007 > February 22, 2007 > March 1, 2007 > March 2, 2007 > March 9, 2007 > March 15, 2007 > March 24, 2007 > March 30, 2007 > April 4, 2007 > April 11, 2007 > April 18, 2007 > April 24, 2007 > May 2, 2007 > June 1, 2007 > June 28, 2007 > August 30, 2007 > September 3, 2007 > September 11, 2007 > September 28, 2007 > October 1, 2007 > October 24, 2007 > November 28, 2007 > January 23, 2008 > January 24, 2008 > January 25, 2008 > January 29, 2008 > February 6, 2008 > February 15, 2008 > March 3, 2008 > March 11, 2008 > March 18, 2008 > March 31, 2008 > April 1, 2008 > April 4, 2008		April 4, 2008 Director's Shareholding IPSA was today notified that on 3 April 2008 Stephen Hargrave, non-executive Chairman of the Company, transferred 1,700,000 ordinary shares in the Company to a company, which is a subsidiary of a company of which he is also a director, at a price of 76 pence per share. . Read on >> April 1, 2008 Standard Bank loan IPSA, the independent power plant developer with operations in southern Africa, announces that on 31 March 2008 it signed a £15.5 million loan facility agreement with the Standard Bank PLC. Approximately £12.7 million of this loan facility has been used to pay the balance of funds due to TurboCare SpA, a subsidiary of Siemens Power Generation, in satisfaction of the acquisition price of Euro 31.2 million for four Fiat Avio 501 D gas turbines for the Coega Project, originally announced on 9th March 2007. The remaining balance of this loan facility will be used for working capital purposes. Read on >> March 31, 2008 Annual Report and Accounts The Board of IPSA announces that the annual report and accounts for the year ended 30 September 2007 are today being posted to its shareholders. Read on >> March 18, 2008 Change of Advisor Shareholders are advised that IPSA has appointed PSG Capital (Proprietary) Limited as sponsor to the Company in respect of its listing on the Alternative Exchange of the JSE Limited with effect from 17 March 2008. Noble & Company Limited will remain the Company’s Nominated Adviser in respect of its listing on the AIM market of the London Stock Exchange Plc. Read on >> March 11, 2008 Final Results IPSA today announces its final results for the year to 30 September 2007. HIghlights include: ALTx listing; Commissioning of first IPP in South Africa; Aquisition turbines of 500MW capacity for the Coega project; Initiation of Elitheni Coal Power Project. Read on >> March 3, 2008 Notifiable Interest IPSA announces that it received notification on 29 February 2008 that on 26 February 2008 Rathbone Unit Trust Management Ltd ('Rathbone'), acting through its business group and legal entities, had an interest in 4,000,000 ordinary shares of 2 pence each in the Company, representing 4.47% of the issued share capital of the Company. Read on >> February 15, 2008 Notifiable Interest IPSA, the independent power plant developer with operations in southern Africa, announces that it received notification on 14 February 2008 that on 12 February 2008 Morgan Stanley Securities Limited was interested in 3,705,000 ordinary shares of 2p each in the Company, representing 4.14% of the issued share capital of the Company. Read on >> February 6, 2008 Notifiable Interest IPSA, the independent power plant developer with operations in southern Africa, announces that it received notification on 1 February 2008 that on 30 January 2008 Morgan Stanley Securities Limited ('MSSL') was interested in 2,705,000 ordinary shares of 2p each in the Company, representing 3.02% of the issued share capital of the Company. Read on >> January 29, 2008 Standard Bank Appointment IPSA is pleased to announce that it has appointed the Standard Bank of South Africa (Standard Bank) as its mandated lead arranger on the financing of its 1,600 MW Coega Fast Track Combined Cycle Gas Turbine Project in Port Elizabeth the 'Coega Project'). Read on >> January 25, 2008 Appointment of Director IPSA is delighted to announce the appointment of Ms Rizelle Sampson, the CEO of African Footprint Investment Holdings (Pty) Limited, as a non-executive director of the Company with immediate effect. Read on >> January 24, 2008 IPSA Signs Memorandum of Co-operation with Government of South Africa for Public-Private Partnership Role at Coega IPSA, the independent power plant developer with operations in southern Africa, is pleased to announce a memorandum of co-operation (the “MOC”) with the Central Energy Fund (Pty) Ltd (“CEF”), the wholly owned subsidiary of the Government of South Africa, for a key role as private sector power plant developer to the integrated energy project being developed at the Coega Industrial Development Zone (“IDZ”) outside Port Elizabeth. Read on >> January 23, 2008 Appointment of Director IPSA is pleased to announce the appointment of Michael Neill Cox, Partner at Price Firman, as the Finance Director of the Company with immediate effect. Read on >> November 28, 2007 IPSA Joint Venture for Elitheni Clean Coal Plant The directors of independent power plant developers IPSA Group PLC (“IPSA” or the “Company”) announce that it has today sold a 50% interest in its wholly-owned subsidiary, Elitheni Clean Coal Holdings Limited ("ECC") to Exodus Africa LLC ("Exodus") for a premium of US $5 million to IPSA's holding cost in ECC. Read on >> October 24, 2007 Notifiable Interest IPSA, the independent power plant developer with operations in southern Africa, announces that it received notification on 23 October 2007 that on 6 September 2007 Morgan Stanley Securities Limited (“MSSL”) no longer had a notifiable interest in the share capital of the Company. Read on >> October 1, 2007 Director’s Shareholding and Substantial Holding IPSA Group PLC ("IPSA" or "the Company") announces that on 28 September 2007 its Chief Executive Officer, Peter Earl, sold 5,000,000 Ordinary shares in the Company to Independent Power Corporation PLC ("IPC"), a company of which he owns 99.9% of the ordinary issued share capital, at a price of 57.5 pence per share, the mid market closing price as at 28 September 2007. Peter Earl no longer has a notifiable interest in the share capital of the Company. Read on >> September 28, 2007 Coega Fast Track Combined Cycle Gas Turbine Project and Other Power Plant Progress IPSA has now reached agreement with TurboCare SpA (“TurboCare”), a subsidiary of Siemens Power Generation, for the complete refurbishment and upgrade of the four Fiat Avio 501 D gas turbines (the “Turbines”) acquired earlier in the year for Coega Project. Under the agreement with TurboCare, all four units are currently being overhauled and zero-houred to as-new status. Additionally, TurboCare has contracted to upgrade the Turbines from D technology to DU (F Class) technology. The primary effect of this upgrade - in addition to making the machines more fuel efficient - is to increase the aggregate nominal capacity of the four Turbines by 4 per cent., from approximately 500 MW to 521 MW. The issue of the New Shares was announced on 30 August 2007 and will raise R118,896,316.20 (£8,060,767.20) for IPSA before expenses. Read on >> September 11, 2007 Notifiable Interest IPSA, the independent power plant developer with operations in southern Africa, announces that it received notification on 7 September 2007 that on 5 September 2007 UBS Investment Bank (“UBS”), acting through its controlled entity UBS AG London Branch, had an interest in 4,635,776 ordinary shares of 2p each in the Company, representing 5.18% of the issued share capital of the Company. Read on >> September 3, 2007 Issue of Shares for cash to Metropolitan Life Limited in terms of IPSA’s Broad-Based Black Economic Empowerment (‘’BBBEE’’) initiative IPSA, the independent power plant developer with operations in southern Africa, announces that it has submitted applications for 13,434,612 new ordinary shares (the “New Shares”) of 2p each in the Company to be admitted to trading simultaneously on AIM, a market operated by the London Stock Exchange plc, and ALTx, the alternative exchange of the JSE Limited. It is expected that the New Shares will be admitted to trading on AIM and ALTx on 4 September 2007. The issue of the New Shares was announced on 30 August 2007 and will raise R118,896,316.20 (£8,060,767.20) for IPSA before expenses. Read on >> August 30, 2007 Issue of Shares for cash to Metropolitan Life Limited in terms of IPSA’s Broad-Based Black Economic Empowerment (‘’BBBEE’’) initiative AIM-quoted IPSA Group PLC, set up to build and operate power stations in Southern Africa, has raised just over £8 million in a deal to bring in a South African Black Economic Empowerment (BEE) group, and strengthen its involvement in the country. The money has been raised from the South African institutional investor, Metropolitan Life Ltd, at a price of 60 pence per Ordinary share in IPSA. Metropolitan has itself entered into an agreement to sell the new shares (representing 15% of IPSA’s enlarged share capital) to IMARA Energy Resources, a BEE group involved in South Africa’s energy sector. Read on >> June 28, 2007 Interim results for the period to 31 March 2007 IPSA Group PLC ('IPSA' or 'the Company'), the independent power plant developer in southern Africa, today announces its results for the six months to 31 March 2007. Highlights include: Successful secondary listing of shares on AltX ; Gross funds of £12.1 million raised during the period ; €31.2 million (£21.3 million) acquisition of 500 MW of gas turbines destined for the Coega Project ; Negotiations continue on further projects in the Eastern Cape region of South Africa ; Commissioning of first gas-fired independent power plant in South Africa ; Black Economic Empowerment discussions underway Read on >> June 1, 2007 Capacity Expansion planned to help ease South African energy crisis AIM-quoted IPSA Group PLC intends to install extra capacity at two of its planned electricity generation projects in South Africa, to help meet the country’s desperate need for power. The two projects are the Elitheni Clean Coal Project near Port Elizabeth, and a combined heat and power plant planned to provide electricity to da Gama Textiles at East London, one of the largest textile facilities in the southern hemisphere. Read on >> May 2, 2007 Notifiable Interest IPSA, the independent power plant developer with operations in southern Africa, which is quoted on AIM and has a secondary listing on ALTx, announces that it received notification on 30 April 2007 that on 26 April 2007 UBS Investment Bank (“UBS”), acting through its controlled entity UBS AG London Branch, had an interest in 4,635,776 ordinary shares of 2p each in the Company, representing 6.1% of the issued share capital of the Company. Read on >> April 24 , 2007 EGM Announcement IPSA announces that at the Company's Extraordinary General Meeting held this morning all Resolutions were duly passed. Read on >> April 18 , 2007 Directors’ Shareholding In accordance with Chapter 5 of the Financial Services Authority's Disclosure and Transparency Rules, the Company was informed on 17 April 2007, by certain directors of the Company, of the following interests in the issued voting share capital of the Company: Read on >> April 11, 2007 Newcastle Cogeneration Plant Update and Standard Bank Loan IPSA, the independent power plant developer with operations in southern Africa, which is quoted on AIM and has a secondary listing on AltX, today announces the completion of the first stage of commissioning of the Newcastle Cogeneration plant with 50 per cent. of the plant now ready to enter commercial operations. First commercial revenues are expected during April 2007. IPSA also announces the successful negotiation of a US$20m loan facility with Standard Bank PLC to fund a portion of the payments due on the turbines purchased, as announced on 9 March 2007, for the Company’s development project at the Coega Industrial Development Zone, near Port Elizabeth, Republic of South Africa. Read on >> April 4, 2007 Notifiable Interest IPSA, the independent power plant developer with operations in southern Africa, which is quoted on AIM and has a secondary listing on ALTx, announces that it received notification on 3 April 2007 that on 29 March 2007 UBS Investment Bank (“UBS”), acting through its controlled entity UBS AG London Branch, had an interest in 4,458,776 ordinary shares of 2p each in the Company, representing 5.9% of the issued share capital of the Company. Read on >> March 30, 2007 Notice of EGM IPSA, the independent power plant developer with operations in southern Africa, which is quoted on AIM and has a secondary listing on ALTx, announces that on 31 March 2007 it will post to shareholders its Annual Report for the period to 30 September 2006 and a notice convening an extraordinary general meeting (“Notice of EGM”) to be held at 5th Floor, Prince Consort House, 27 – 29 Albert Embankment, London, SE1 7TJ at 10 am on 24 April 2007 at which shareholders’ approval will be sought for the Annual Report of the Company and for new authorities to be given to Directors to allot relevant securities in the Company pursuant to the Companies Act 1985. Read on >> March 29 , 2007 Notifiable Interest The Company announces that it received notification on 19 March 2007 that, further to the implementation of the Disclosure and Transparency Rules, Moore Credit Fund, Ltd (“Moore Credit”) was interested in 3,703,700 ordinary shares of 2p each in the Company, representing 4.87% of the issued share capital of the Company. Read on >> March 15 , 2007 Notifiable Interests IPSA, the independent power plant developer with operations in southern Africa, which is quoted on AIM and has a secondary listing on ALTx, announces that it received the following notifications on 14 March 2007, pursuant to the Company’s placing for cash of 10,000,000 ordinary shares of 2p each on 8 March 2007: Read on >> March 9 , 2007 Agreement to Acquire Turbines The Board of IPSA, the independent power plant developer with operations in southern Africa, is pleased to announce that, following the placing completed on 8 March 2007, it has today entered into an agreement to acquire from a subsidiary of Siemens AG four Fiat Avio gas turbines with an aggregate generating capacity of around 500 MW. Read on >> March 2, 2007 Formal SARB approval for Placing of shares on AltX IPSA, the independent power plant developer with operations in southern Africa, which is quoted on AIM and has a secondary listing on ALTx, announces that, following receipt of exchange control approval from the South African Reserve Bank for the listing of the new shares on ALTx, it has today submitted its application for 10,000,000 new ordinary shares of 2p each in the Company (the “Placing Shares”) to be admitted simultaneously to AIM and ALTx. It is expected that the Placing Shares will be admitted to trading on 8 March 2007. Read on >> March 1, 2007 Director Dealing The Company was notified on 2 February 2007 that, on 2 February 2007, Mr Neil Bryson, Non-executive Director of the Company, purchased 50,000 ordinary shares of 2 pence each in the Company at a price of 59 pence per share. Read on >> February 22, 2007 Notifiable Interest IPSA, the independent power plant developer with operations in southern Africa, which is quoted on AIM and has a secondary listing on ALTx, announces that it received notification on 19 February 2007 that on 16 February 2007 Morgan Stanley Securities Limited (“MSSL”) has an interest in 2,805,000 ordinary shares of 2p each in the Company, representing 4.24% of the issued share capital of the Company. Read on >> February 14, 2007 Notifiable Interest IPSA, the independent power plant developer with operations in southern Africa, which is quoted on AIM and has a secondary listing on Altx, announces that it received notification on 9 February 2007 that on 7 February 2007 UBS Investment Bank (“UBS”), acting through its controlled entity UBS AG London Branch, ceased to have a notifiable interest in the share capital of the Company. Read on >> February 16, 2007 Issue of Equity IPSA, the independent power plant developer with operations in southern Africa, which is quoted on AIM and has a secondary listing on AltX, announces that it is raising £7,500,000 (approximately South African Rand (ZAR) 105,853,875), before expenses, by way of a placing for cash (the “Placing”) of 10,000,000 new ordinary shares (the “Placing Shares”) of 2 pence each. Read on >> February 1, 2007 Notifiable Interest IPSA, the AIM and ALTx dual listed independent power plant developer with operations in southern Africa, announces that it received notification on 29 January 2007 that on 25 January 2007 UBS Investment Bank (“UBS”), acting through its controlled entity UBS AG London Branch, had an interest in 3,929,009 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 UBS in the share capital of the Company. Read on >> January 31, 2007 Results for the Period to 30 September 2006 IPSA, the AIM and AltX dual listed independent power plant developer with operations in southern Africa, today announces its final results for the fifteen months to 30 September 2006. Read on >> January 19, 2007 First Revenue - Newcastle Plant Opening IPSA, the AIM and AltX traded power developer, has now confirmed the timetable for commencing the commercial operation of its first power plant in the Republic of South Africa. Read on >> January 15, 2007 Notifiable Interest IPSA, the AIM and ALTx dual listed independent power plant developer with operations in southern Africa, announces that it received notification on 12 January 2007 that on 10 January 2007 UBS AG (“UBS”), acting through its business group and legal entities, had an interest in 4,029,009 ordinary shares of 2p each in the Company, representing 6.09% of the issued share capital of the Company. This represents the entire holding of UBS in the share capital of the Company. Read on >> December 22, 2006 Results of AGM The Board of IPSA announces that at the annual general meeting (“AGM”) of the Company, held yesterday at 2.00p.m. (GMT), all the resolutions were passed. Read on >> December 18, 2006 Total Voting Rights and Share Capital In order to comply with the EU Transparency Directive following its implementation through the provisions of the Financial Services Authority’s Disclosure and Transparency Rules, we would like to notify the market of the following: Read on >> December 13, 2006 Notifiable Interest IPSA, the AIM and ALTx dual listed independent power plant developer with operations in southern Africa, announces that on 11 December 2006 it received the following notifications: Read on >> November 29, 2006 Notice of Annual General Meeting (“AGM”) The Directors of IPSA, the AIM and ALTx dual listed independent power plant developer with operations in southern Africa, announce that the Company’s first AGM will be held at 2.00pm on 21 December 2006 at 5th Floor, Prince Consort House, 27-29 Albert Embankment, London, United Kingdom, SE1 7TJ. Read on >> November 9, 2006 Notifiable Interest IPSA, the AIM and ALTx dual listed independent power plant developer with operations in southern Africa, announces that it received notification on 7 November 2006 that that on 3 November 2006 UBS AG (“UBS”), acting through its business group and legal entities, had an interest in 3,025,000 ordinary shares of 2p each in the Company, representing 4.57% of the issued share capital of the Company. This represents the entire holding of UBS in the share capital of the Company. Read on >> November 9, 2006 Notifiable Interest IPSA, the AIM and ALTx dual listed independent power plant developer with operations in southern Africa, announces that it received notification on 6 November 2006 that Stanlib Asset Management Limited (“Stanlib”) had an interest in 8,000,000 ordinary shares of 2p each in the Company, held on behalf of its clients, representing 12.10% of the issued share capital of the Company. This represents the entire holding of Stanlib in the share capital of the Company. Read on >> October 30 , 2006 Notifiable Interest IPSA announces that it received notification on 27 October 2006 that on 26 October 2006 FMR Corp. ('FMR') and its direct and indirect subsidiaries, being non-beneficial holders, had an interest in 2,184,605 ordinary shares of 2p each in the Company, representing 3.63% of the issued share capital of the Company. Read on >> October 25 , 2006 Strategic Investment - Placing of 6,000,000 new shares for cash 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. Read on >> October 19 , 2006 IPSA Group PLC (IPSA) Lists On AltX and Announces Key Appointment for South African Operations IPSA Group Plc, 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 on >> October 16, 2006 Dual listing on ALTx and placing to raise £2.1m 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 on >> October 9, 2006 Conditional Placing & Update on proposed listing on AltX 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 on >> September 7, 2006 IPSA proceeding withsecondary listing on Johannesburg's AltX The directors of independent power plant developers IPSA Group PLC 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 on >> September 7, 2006 Expansion Continuing in Southern Africa IPSA Group PLC, the independent power plant developer in southern Africa , today announces a number of important developments for the Company. Read on >> September 5, 2006 Notifiable Interests The Company wishes to provide a summary position of the notifiable interests in IPSA made to the Company over the past twelve months: Read on >> June 21, 2006 Strong project flow as South African energy crisis deepens IPSA 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 on >> June 8, 2006 Appointment of Director 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 on >> March 6, 2006 New generation projects in South Africa and progress report on Newcastle project IPSA Group Plc (“IPSA” or “The Company”) is pleased to announce a number of important developments. Read on >> November 1, 2005 (1) Completion of equipment purchase; and (2) Groundbreaking for Newcastle power project in South Africa IPSA Group PLC (“IPSA”), the independent power plant developer in southern Africa, today announces that it has completed the purchase of an 18MW CHP plant in Bury, East Lancashire and has begun shipment of the plant to South Africa. Read on >> September 19, 2005 New AIM arrival targets spiralling power demand in Southern Africa We’ve all heard of taking coals to Newcastle. New AIM arrival IPSA Group plc is going one step further by taking a whole power plant. Read on >>