8 Aug 2011 07:00
Embargoed for release at 07.00 hours 8th August 2011
IPSO Ventures plc
("IPSO" or the "Company")
Directorate Changes
The Board of IPSO announces that, following completion of the placing on 8th July 2011, Simon Hunt and Michael Baines, Chairman of IPSO and a non executive director of IPSO respectively, have decided that it is appropriate for them to step down from the board of IPSO. This will enable Simon and Michael to focus on their other business interests. These resignations are with effect from today's date.
Craig Rochford has been appointed as the chairman of IPSO with effect from today and Nick Rodgers remains the Company's chief executive. John Kelly remains on the board as a non-executive director of the Company.
Simon Hunt said "I am delighted that Craig Rochford has brought further funding into IPSO and I feel confident that Craig's skills can help IPSO create value from its portfolio. It is therefore an appropriate time for Michael and I to step down from the board."
For further information, please contact:
IPSO Ventures plc Craig Rochford, Chairman Nick Rodgers, Chief Executive Officer
| Tel: 020 7921 2990 craig@ipsoventures.com nick@ipsoventures.com www.ipsoventures.com
|
Allenby Capital Limited (Nominated Adviser and Broker) Nick Naylor Nick Athanas
| Tel: 020 3328 5656
|