IPSA Group PLC Result of AGM and Directorate Change (5471U)
08 April 2016 - 12:30AM
UK Regulatory
TIDMIPSA
RNS Number : 5471U
IPSA Group PLC
07 April 2016
7 April 2016
IPSA Group PLC
("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 GBP496,000. 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
IPSA Group PLC 7676
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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