Director Shareholding and Issue of Equity
21 Agosto 2009 - 6:01AM
UK Regulatory
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: +44 (0)20 8099 0560 |
+-------------------------------------------+----------------------------+
+-------------------------------------------+----------------------------+
| Nominated Adviser: | |
| Grant Thornton UK LLP | |
+-------------------------------------------+----------------------------+
| Gerry Beaney | Tel: +44 (0) 20 7383 5100 |
+-------------------------------------------+----------------------------+
+-------------------------------------------+----------------------------+
| Nominated Broker: | |
| Rivington Street Corporate Finance | |
| Limited | |
+-------------------------------------------+----------------------------+
| Monisha Varadan | 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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