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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| IQ Holding | LSE:IQH | London | Ordinary Share | GB00B29LZR97 | ORD 0.01P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.08 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMIQH
RNS Number : 4893H
IQ Holdings plc
22 February 2010
22 February 2010
IQ Holdings plc
("IQH" or the "Company")
Agreement of consideration shares
Further to the announcement made on 1 February 2010, the Board of IQ Holdings
plc announces that the consideration payable to IQH by Rivington Street Holdings
plc ("RSH) has now been agreed. The amount payable is 5,000,000 ordinary fully
paid RSH shares which have been issued today.
In addition, as detailed in the Circular, IQH has undertaken as soon as
practicable to apply to the Court for a confirmation of the proposed
cancellation of the capital redemption reserve, share premium account and
reduction of share capital to allow the Company to distribute the majority of
the RSH shares to IQH Shareholders. A further announcement regarding timetable
will be made in due course.
--END--
For further information, please contact:
+------------------------------------+------------------------+
| IQ Holdings plc | |
+------------------------------------+------------------------+
| John Mitchel | Tel: +44 (0)20 8099 |
| | 0560 |
+------------------------------------+------------------------+
+------------------------------------+------------------------+
| Nominated Adviser: | |
| Grant Thornton Corporate Finance | |
+------------------------------------+------------------------+
| Gerry Beaney | Tel: +44 (0) 20 7383 |
| | 5100 |
+------------------------------------+------------------------+
+------------------------------------+------------------------+
| Nominated Broker: | |
| Rivington Street Corporate Finance | |
+------------------------------------+------------------------+
| Dru Edmonstone | Tel: +44 (0)20 7562 |
| | 3389 |
+------------------------------------+------------------------+
+------------------------------------+------------------------+
| Financial PR: | |
| Bishopsgate Communications | |
+------------------------------------+------------------------+
| Robyn Samuelson / Gemma O'Hara | Tel: +44 (0) 20 7562 |
| | 3355 |
+------------------------------------+------------------------+
For details of the transaction please see the Company's announcement made on 24
December 2009. For the full Circular, please visit the Company's website at
www.iqholdings.co.uk.
Unless otherwise defined in this announcement, capitalised words and phrases
used in this announcement shall have the same meanings given to them in the
Circular dated 24 December 2009.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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