Agreement of consideration shares


 

TIDMIQH 
 
RNS Number : 4893H 
IQ Holdings plc 
22 February 2010 
 

 
                                                                22 February 2010 
 
 
                                IQ Holdings plc 
                            ("IQH" or the "Company") 
                        Agreement of consideration shares 
 
Further to the announcement made on 1 February 2010, the Board of IQ Holdings 
plc announces that the consideration payable to IQH by Rivington Street Holdings 
plc ("RSH) has now been agreed. The amount payable is 5,000,000 ordinary fully 
paid RSH shares which have been issued today. 
 
In addition, as detailed in the Circular, IQH has undertaken as soon as 
practicable to apply to the Court for a 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 RSH shares to IQH Shareholders. A further announcement regarding timetable 
will be made in due course. 
 
 
                                    --END-- 
 
 
For further information, please contact: 
 
+------------------------------------+------------------------+ 
| IQ Holdings plc                    |                        | 
+------------------------------------+------------------------+ 
| John Mitchel                       |    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         |                        | 
+------------------------------------+------------------------+ 
| Robyn Samuelson / Gemma O'Hara     |   Tel: +44 (0) 20 7562 | 
|                                    |                   3355 | 
+------------------------------------+------------------------+ 
 
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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