16 September 2016
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 |
IPSA Group plc published this content on 16 September 2016 and is solely responsible for the information contained herein.
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