Source - RNS
RNS Number : 0082K
IPSA Group PLC
16 September 2016
 

16 September 2016

 

IPSA Group PLC

 

("IPSA" or the "Company")

 

 Cancellation of Admission to AIM

 

Further to the announcement on 29 February 2016 of the sale of its sole trading subsidiary, the Company has not concluded an acquisition or acquisition constituting a reverse takeover. Furthermore, the period for the Company to clarify its financial position has now expired and consequently the Company's shares will be de-listed from trading on AIM. The Company continues to seek a sale of its balance of plant in store in Italy. IPSA may wish to seek to return to the market at a future date when the balance of plant has occurred and creditors have been paid and a corporate acquisition has been concluded.

 

In the meantime, the Directors are exploring ways to realise value for shareholders by way of a corporate transaction with another UK entity.

 

For further information contact:

 

Peter Earl,  CEO

IPSA Group PLC

+44 (0) 207 793 5600

 

James Joyce / James Bavister

W H Ireland Ltd

 

+44 (0)20 7220 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
 
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