TIDMITQ

RNS Number : 2213I

InterQuest Group PLC

15 June 2017

15 June 2017

InterQuest Group plc

("InterQuest" or "the Company")

Trading update

InterQuest Group plc (AIM: ITQ.L), the specialist recruiter in the technology, analytics and digital market today announces the following trading update ahead of its interim results for the six months to 30 June 2017.

The executive management team and Independent Director concur that the Company, whilst benefitting from solid sector fundamentals which underpin the business in the longer term, has been experiencing weaker trading in recent months, particularly in its core contractor market. Whilst it is still early, the Company recognises signs of potential challenges ahead in the political and trading environment resulting from BREXIT, the result of the UK election and the subsequent hung Parliament. The Company continues to restructure its business in order to focus on the future technology markets it services.

Mindful of these risks, together with the impact of one off costs on net debt levels, the Company considers that a more prudent policy on dividend payments is necessary and has agreed that dividends will only be declared in circumstances where net debt levels are below twice EBITDA. This amended policy does not affect the dividend previously announced by the Company on 14 March 2017 which will be paid on 16 June 2017 to shareholders on the register on 19 May 2017.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

Enquiries:

InterQuest Group Plc

David Bygrave (CFO) Tel: +44 (0) 20 7025 0100

Panmure Gordon (UK) Limited (Nomad and Broker)

Karri Vuori or Dominic Morley

Tel: +44 (0) 20 7886 2500

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 15, 2017 08:32 ET (12:32 GMT)

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