Ipso Ventures PLC Stmnt re Share Price Movement (8043V)

TIDMIPS

RNS Number : 8043V

Ipso Ventures PLC

17 January 2013

IPSO Ventures plc

("IPSO" or the "Company")

Statement re share price movement

The Board of IPSO notes today's movement in the Company's share price on AIM and confirms that they are not aware of any reason that would lead to such a movement in the Company's share price.

As announced by the Company on 14 January 2013, IPSO shareholders in a general meeting approved, inter alia, the demerger of IPSO Management (including the IPSO Investment Portfolio) from the Company and the Subscription for new Ordinary Shares and Convertible Loan Notes. These proposals remain conditional on confirmation of the Reduction of Capital by the Court. The Hearing Date is scheduled to take place on 30 January 2013 and the Reduction of Capital is expected to become effective on 31 January 2013.

The Company's annual general meeting to, inter alia, approve the Company's annual report and accounts for the year ended 30 April 2012 is to be held at 10:30 a.m. on 21 January 2013 at the offices of DMH Stallard LLP, 6 New Street Square, New Fetter Lane, London, EC4A 3BF.

The Company also expects, in accordance with rule 18 of the AIM Rules for Companies, to publish its interim results for the six months ended 31 October 2012, by no later than 31 January 2013.

Further announcements will be made by the Company as appropriate.

Definitions in this announcement are consistent with those set out in the circular sent to shareholders of the Company on 28 December 2012.

Enquiries:

 
 IPSO Ventures plc                 Tel: 020 7462 0093 
  Craig Rochford, Chairman 
  John Kelly, Non-Executive 
  Director 
 Allenby Capital Limited           Tel: 020 3328 5656 
  (Nominated Adviser and Broker) 
  Mark Connelly 
  Nick Athanas

This information is provided by RNS

The company news service from the London Stock Exchange

END

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