Ipso Ventures Plc announced that it held General Meeting of the company on January 14, 2013. At the meeting, its shareholders approved the demerger of IPSO Management (including the IPSO Investment Portfolio) from the company, to be implemented pursuant to the Reduction of Capital, the adoption of a new Investing Policy by the company, a subscription for new ordinary shares and convertible loan notes and a change in the company's name to Plutus Resources plc Following the passing of the resolutions at the General Meeting, Nick Rodgers has decided to step down from the Board with immediate effect. The Board thanked Nick for his considerable contribution and efforts on the company's behalf during his tenure as Chief Executive and wish him all the best for the future.

Upon Admission, Nicholas Lee will join the Board in the role of Non-Executive Director and John Kelly will step down from the Board. Craig Rochford (currently Chairman) will remain on the board as a Non-Executive Director. Accordingly the Board on Admission will comprise Nicholas Lee (Non-Executive Director) and Craig Rochford (Non-Executive Director).

In addition, upon Admission, Charles Tatnall and James Longley, both of whom are subscribers, will join the company in non-Board capacities with James Longley acting as Chief Financial Officer and Company Secretary and Charles Tatnall acting as a consultant to the company.