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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 : 1221F
IQ Holdings plc
06 January 2010
6 January 2010
IQ Holdings plc ("IQ Holdings" or the "Company")
(AIM: IQH)
Issue of equity
It has been agreed by the Board to allot shares in settlement of certain
liabilities of the Company. Accordingly, 23,209,000 Ordinary Shares of 0.01p in
the Company ("Ordinary Shares") have been issued at a price of 0.20p per share.
The shares are to be issued to Rivington Street Holdings plc and various of its
subsidiaries. Due to Rivington Street Holdings plc being a substantial
shareholder, the transaction is classified as a related party transaction in
accordance with Rule 13 of the AIM Rules. Therefore the Directors, having
consulted with the Company's nominated adviser, consider that the terms of the
transaction are fair and reasonable insofar as its shareholders are concerned.
Application for the admission of the 23,209,000 new ordinary shares for trading
on AIM has been submitted and dealings are expected to commence on 12 January
2010
After the issue of these shares the Company's total current issued capital with
voting rights is 1,284,995,774 Ordinary Shares.
=-END-
For further information, please contact:
+-------------------------------------------+----------------------------+
| IQ Holdings plc | |
+-------------------------------------------+----------------------------+
| Julian Green | 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 | |
+-------------------------------------------+----------------------------+
| Gemma O'Hara | Tel: +44 (0) 20 7562 |
| | 3355 |
+-------------------------------------------+----------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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