Distribution of Consideration Shares

 

TIDMIQH 
 
RNS Number : 8521I 
IQ Holdings plc 
19 March 2010 
 

 
                                                                   19 March 2010 
 
 
 
                                IQ Holdings plc 
                            ("IQH" or the "Company") 
                      Distribution of Consideration Shares 
 
 
Further to the announcements made on 1 February 2010, 22 February 2010 and 26 
February 2010 the Board of IQ Holdings plc announces that the Company will be 
distributing approximately 4,500,000 Rivington Street Holdings plc ("RSH") 
shares to IQH shareholders pro rata to their holdings in the Company. RSH has 
agreed to waive its right to receive RSH Shares in respect of its holding of 
43,209,000 IQH shares. 
 
Therefore the Company will distribute to its shareholders 36 RSH shares for 
every 10,000 IQH shares held, with any fractional entitlements being retained by 
the Company. This distribution will be paid to IQH shareholders on 29 March 2010 
with the shares being marked ex-dividend on 29 March 2010 and the record date 
being 26 March 2010. 
 
For information regarding the tax treatment of this distribution please refer to 
the Circular which was sent to shareholders on 24 December 2009 and is also 
available from www.iqholdings.co.uk. 
 
The Company currently has 1,287,195,774 shares in issue. 
 
 
                                    --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 
 
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