InterQuest Group PLC Response to Offer Closed Announcement (5495N)

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RNS Number : 5495N

InterQuest Group PLC

09 August 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

9 August 2017

InterQuest Group plc

("InterQuest" or the "Company")

Response to Offer Closed Announcement

The independent director of the Company (being David Higgins) (the "Independent Director") notes the announcement by Chisbridge Limited ("Chisbridge") earlier today that the Offer is now closed.

As at 1.00pm on 8 August 2017 (the "Closing Date") Chisbridge received acceptances of its Offer in respect of 22,544,070 InterQuest Shares, representing 58.32 per cent. of the existing issued share capital of InterQuest.

These acceptances include those received in respect of 16,444,266 InterQuest Shares held by Gary Ashworth and Clare Ashworth together with certain InterQuest Shareholders who had given an irrevocable undertaking and letters of intent in support of the Offer. Therefore, the level of take-up of Chisbridge's Offer from other InterQuest Shareholders was 6,009,804, representing only 15.78% of the existing issued share capital of the Company.

InterQuest will continue to operate its business as usual and remains a public company subject to the AIM Rules for Companies.

Capitalised terms used in the Circular have the same meanings in this announcement, save where the context provides otherwise.

Contacts:

InterQuest Group plc

David Higgins (Independent Director)

Panmure Gordon (UK) Limited

(Financial Adviser, Nomad and Broker)

Dominic Morley Tel: [phone]

Karri Vuori

James Greenwood

Important notices:

Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for InterQuest and the Independent Director and no one else in connection with the Offer and will not be responsible to anyone other than InterQuest and the Independent Director for providing the protections afforded to its clients or for providing advice in relation to the Offer or any other matters referred to herein.

The Independent Director accepts responsibility for the information contained in this announcement. To the best of his knowledge and belief (having taken all reasonable care to ensure that such is the case), the information contained in this announcement for which he is responsible is in accordance with the facts and does not omit anything likely to affect the import of such information.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 09, 2017 07:38 ET (11:38 GMT)