IPSA Group PLC Outcome of Hearing in Malaysia (0788O)

TIDMIPSA

RNS Number : 0788O

IPSA Group PLC

04 February 2016

IPSA Group PLC

("IPSA" or the "Company")

Outcome of Hearing in Malaysia

IPSA announces that the adjourned hearing took place yesterday in the Federal Court of Malaysia of the final appeal brought by Iris Eco Power Sdn Berhad ("Iris") to allow the Malaysian courts to have jurisdiction over the case for the return of the non-refundable deposit paid in Iris's aborted purchase of the two 701DU turbines. Iris's appeal was rejected bringing to a close any further attempts by Iris to seek jurisdiction in the Malaysian courts over the case for the return of the deposit, which was non-refundable under English law.

For further information contact:

 
 Mark Otto, Acting CEO 
  IPSA Group PLC                   +27 (84) 219 2000 
 
   James Joyce / James Bavister      +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

END

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February 04, 2016 05:00 ET (10:00 GMT)

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