8 Oct 2010 08:00

8 October 2010
IPSO Ventures plc
("IPSO" or the "Company")
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Directorate Change
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The Board of IPSO announces that Simon Haworth has today resigned from the board of IPSO with immediate effect to focus on other business interests. Simon is a co-founder of IPSO.
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The Board of IPSO has resolved to focus on the Company's core activities and assets. As a result the Company's human capital division, BSG Team Ventures, will be closed with immediate effect and the Company will cease to provide their human capital offering on an in-house basis.
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Simon Haworth commented: "I remain a significant shareholder in the Company and an enthusiastic supporter of IPSO. I intend to continue to make the necessary teambuilding expertise available to the portfolio companies but on an ad hoc, outsourced basis."
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For further information, please contact:
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IPSO Ventures plc Simon Hunt, Executive Chairman Nick Rodgers, Chief Executive Officer  | Tel: 020 7921 2990 simon@ipsoventures.com nick@ipsoventures.com www.ipsoventures.com  |
Allenby Capital Limited Nick Naylor Nick Athanas  | Tel: 020 3328 5656  |
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