IPSA Group PLC Directorate Change (5422Q)
01 March 2016 - 6:02PM
UK Regulatory
TIDMIPSA
RNS Number : 5422Q
IPSA Group PLC
01 March 2016
IPSA Group PLC
("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
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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