IQH IQ Holding

 

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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