Ipso Ventures (LSE:IPS)
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RNS Number : 0514S
Ipso Ventures PLC
14 November 2011
14 November 2011
IPSO Ventures plc
("IPSO" or the "Company")
Holding in Company
The Board of IPSO announces that Craig Rochford, Chairman of IPSO, sold 1,675,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") on 11 November 2011 to Buckton Homes Limited at a price of 1 pence per Ordinary Share in an off-market transaction (the "Share Transaction").
Buckton Homes Limited, a company wholly owned by the adult children of Fred Stirling, holds a total beneficial interest in 1,675,000 Ordinary Shares in the Company following the Share Transaction, equivalent to 4.45% of IPSO's total issued share capital.
In addition, the Company was notified today that, on 11 November 2011, Craig Rochford transferred 50,000 Ordinary Shares held by Arka Technologies Limited, a company wholly owned by Craig Rochford, into his personal name in an off-market transaction at a price of 3.5 pence per Ordinary Share (the "Transfer").
Following the Share Transaction and the Transfer, Craig Rochford holds a total beneficial interest in 2,405,000 Ordinary Shares in the Company equivalent to 6.39 per cent. of IPSO's total issued share capital. 480,000 of the Ordinary Shares are held by The Invention Company Limited, a company wholly owned by Craig Rochford.
For further information, please contact:
IPSO Ventures plc Tel: 020 7921 2990
Craig Rochford, Chairman email@example.com
Nick Rodgers, Chief Executive Officer firstname.lastname@example.org
Allenby Capital Limited Tel: 020 3328 5656
(Nominated adviser and broker)
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