Confirmation of Court Application

 

TIDMIQH 
 
RNS Number : 7834H 
IQ Holdings plc 
26 February 2010 
 

 
                                                                26 February 2010 
 
 
 
                                IQ Holdings plc 
                            ("IQH" or the "Company") 
                        Confirmation of Court Application 
 
 
Further to the announcements made on 1 February 2010 and 22 February 2010, the 
Board of IQ Holdings plc announces that an application to the Court has been 
made for 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 Rivington Street Holdings plc ("RSH") 
shares to IQH shareholders (together the "Reduction of Capital"). 
 
Subject to the Court granting its Order on the final hearing date which is 
anticipated to be on 17 March 2010, the Reduction of Capital is expected to take 
effect on the same day at which point the Directors of IQH will be in a position 
to give further details on the distribution of the RSH shares to its 
shareholders. 
 
 
 
                                    --END-- 
 
 
For further information, please contact: 
+------------------------------------+------------------------+ 
| IQ Holdings plc                    |                        | 
+------------------------------------+------------------------+ 
| John Mitchel                       |    Tel: [phone] | 
|                                    |                   0560 | 
+------------------------------------+------------------------+ 
 
+------------------------------------+------------------------+ 
| Nominated Adviser:                 |                        | 
| Grant Thornton Corporate Finance   |                        | 
+------------------------------------+------------------------+ 
| Gerry Beaney                       |   Tel: [phone] | 
|                                    |                   5100 | 
+------------------------------------+------------------------+ 
 
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 
 
 MSCPGUCUPUPUGQQ