IPSA.L Regulatory News (IPSA)

18 Oct 2006 07:00

IPSA Group PLC18 October 2006 18 October 2006 IPSA Group plc ("IPSA" or "the Company") Formal JSE approval for listing on ALTx Further to the announcement released by IPSA on 16 October 2006 that the Companywas intending to seek a dual listing of its ordinary shares on ALTx, thealternative exchange of the Johannesburg Stock Exchange Limited (the "JSE"), theCompany announces today that the JSE has granted formal approval for theintroduction of all of the issued and to be issued ordinary shares to ALTx. Inaddition, on 16 October 2006 IPSA announced a Placing of 5,499,839 new ordinaryshares (the "Placing") to raise approximately £2.1m (South African Rand ("ZAR")30.9m) at a price of 38.5p (ZAR 5.62) per share. Following the Placing IPSAwill have a total of 60,129,469 ordinary shares of 2 pence each in issue andlisted on both AIM and ALTx. IPSA's shares will be admitted for trading on ALTx on 19 October 2006. For further information contact: Peter Earl, CEO, IPSA Group Plc 020 7793 7676 Liz Shaw, COO, IPSA Group Plc 020 7793 7676 Jamie Boyd, Noble & Company Limited 020 7763 2200 Allan Piper, First City Financial 07736 064982 020 7436 7486 This information is provided by RNS The company news service from the London Stock Exchange