IPSA Group PLC Notification of Adjournment of Iris Appeal (6935E)
05 November 2015 - 1:00PM
UK Regulatory
TIDMIPSA
RNS Number : 6935E
IPSA Group PLC
05 November 2015
5 November 2015
IPSA Group PLC
("IPSA" or the "Company")
Notification of Adjournment of Iris Appeal
IPSA, the AIM and Altx dual listed independent power plant
developer with operations in Southern Africa, announces that Iris
Ecopower Sdn Berhad ("Iris") has requested an adjournment of its
application for leave to appeal the earlier decisions of the
Malaysian courts refusing jurisdiction of the Malaysian courts over
the case over the non-refundable deposit for the failure of Iris to
complete the purchase of turbines in 2012. A new date of 3(rd)
February 2016 has been set for the hearing.
The Company further confirms that site construction activities
relating to the installation of the Jenbacher engines have
commenced, with the scheduled commercial operation date now
expected to be February 2016 as a result of unexpected delays in
the construction programme.
For further information please contact:
Mark Otto, Acting CEO
IPSA Group PLC +44 (0) 7793 5615
James Joyce / Liam Gribben +44 (0)20 7220
W H Ireland Ltd 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
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