29 Dec 2014 07:00
IPSA Group PLC
("IPSA" or the "Company")
Settlement of Deferred Consideration
IPSA notes the announcement on 24 December 2014 by Rurelec PLC relating to the provision to it of a short term loan facility and consequently expects to receive the balance of monies owed to it by Rurelec PLC in relation to the deferred consideration from the sale of the Westinghouse Siemens gas turbines in early 2015.
For further information contact:
Peter R.S. Earl, Acting CEO IPSA Group PLC |
+44 (0)20 7793 5615
|
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 |