TIDMIPSA TIDMRUR

RNS Number : 7781A

IPSA Group PLC

29 December 2014

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCTPBMTMBITTTI

Rurelec (LSE:RUR)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Rurelec Charts.
Rurelec (LSE:RUR)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Rurelec Charts.