Director Shareholding and Issue of Equity

 

TIDMIQH 
 
RNS Number : 8286X 
IQ Holdings plc 
21 August 2009 
 

IQ Holdings plc ("IQ Holdings" or the "Company") 
(AIM: IQH) 
 
Issue of equity 
 
 
It has been agreed by the Board that the remuneration of the three non-executive 
directors for the six months ended 31 July 2009 will be satisfied in whole or 
in-part by the issue of shares in the Company. These shares are to be at the 
price of 0.25p being the average mid-market price over the last five working 
days. 
 
 
Accordingly, 7,200,000 Ordinary Shares of 0.01p in the Company ("Ordinary 
Shares") have been issued at a price of 0.25p. 
 
 
As a result the beneficial current holdings of the non-executive directors of 
the Company are as follows: 
 
 
+--------------------------+-------------+------------------+----------------+ 
| Name                     |   Amount of |  Total number of |    Holding (%) | 
|                          |      shares |           shares |                | 
|                          |      issued |                  |                | 
+--------------------------+-------------+------------------+----------------+ 
|                          |             |                  |                | 
+--------------------------+-------------+------------------+----------------+ 
| Tim Michael Hearley      |   2,200,000 |       3,018,750  |           0.24 | 
+--------------------------+-------------+------------------+----------------+ 
| Neil Grant McGowan       |   2,500,000 |       3,437,500  |           0.27 | 
+--------------------------+-------------+------------------+----------------+ 
| Joachim Eberhard Seydel  |   2,500,000 |       5,416,667  |           0.43 | 
+--------------------------+-------------+------------------+----------------+ 
|                          |             |                  |                | 
+--------------------------+-------------+------------------+----------------+ 
|                          |   7,200,000 |                  |                | 
+--------------------------+-------------+------------------+----------------+ 
 
 
 
 
In addition, 3,000,000 Ordinary Shares were issued in settlement of certain 
liabilities of the Company. 
 
 
Accordingly, 10,200,000 Ordinary Shares have been issued at a price of 0.25p. 
Application for the admission of these Ordinary Shares for trading on AIM has 
been submitted and dealings are expected to commence on 27 August 2009. 
 
 
After the issue of these new ordinary shares, the Company's total issued 
capital, with voting rights will be 1,261,786,774Ordinary Shares. 
 
 
 
 
=-END- 
 
 
 
 
For further information, please contact: 
+-------------------------------------------+----------------------------+ 
| IQ Holdings plc                           |                            | 
+-------------------------------------------+----------------------------+ 
| Julian Green                              |   Tel: [phone] | 
+-------------------------------------------+----------------------------+ 
 
 
+-------------------------------------------+----------------------------+ 
| Nominated Adviser:                        |                            | 
| Grant Thornton UK LLP                     |                            | 
+-------------------------------------------+----------------------------+ 
| Gerry Beaney                              |  Tel: [phone] | 
+-------------------------------------------+----------------------------+ 
 
 
+-------------------------------------------+----------------------------+ 
| Nominated Broker:                         |                            | 
| Rivington Street Corporate Finance        |                            | 
| Limited                                   |                            | 
+-------------------------------------------+----------------------------+ 
| Monisha Varadan                           |   Tel: [phone] | 
+-------------------------------------------+----------------------------+ 
 
 
+-------------------------------------------+----------------------------+ 
| Financial PR:                             |                            | 
| Bishopsgate Communications                |                            | 
+-------------------------------------------+----------------------------+ 
| Gemma O'Hara                              |  Tel: [phone] | 
+-------------------------------------------+----------------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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