IPSA Group PLC Outcome of Hearing in Malaysia (0788O)
04 February 2016 - 9:00PM
UK Regulatory
TIDMIPSA
RNS Number : 0788O
IPSA Group PLC
04 February 2016
IPSA Group PLC
("IPSA" or the "Company")
Outcome of Hearing in Malaysia
IPSA announces that the adjourned hearing took place yesterday
in the Federal Court of Malaysia of the final appeal brought by
Iris Eco Power Sdn Berhad ("Iris") to allow the Malaysian courts to
have jurisdiction over the case for the return of the
non-refundable deposit paid in Iris's aborted purchase of the two
701DU turbines. Iris's appeal was rejected bringing to a close any
further attempts by Iris to seek jurisdiction in the Malaysian
courts over the case for the return of the deposit, which was
non-refundable under English law.
For further information contact:
Mark Otto, Acting CEO
IPSA Group PLC +27 (84) 219 2000
James Joyce / James Bavister +44 (0) 20 7220
W H Ireland Ltd 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
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