InterQuest Group PLC Response to Offer Closed Announcement (5495N)
09 August 2017 - 9:38PM
UK Regulatory
TIDMITQ
RNS Number : 5495N
InterQuest Group PLC
09 August 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
9 August 2017
InterQuest Group plc
("InterQuest" or the "Company")
Response to Offer Closed Announcement
The independent director of the Company (being David Higgins)
(the "Independent Director") notes the announcement by Chisbridge
Limited ("Chisbridge") earlier today that the Offer is now
closed.
As at 1.00pm on 8 August 2017 (the "Closing Date") Chisbridge
received acceptances of its Offer in respect of 22,544,070
InterQuest Shares, representing 58.32 per cent. of the existing
issued share capital of InterQuest.
These acceptances include those received in respect of
16,444,266 InterQuest Shares held by Gary Ashworth and Clare
Ashworth together with certain InterQuest Shareholders who had
given an irrevocable undertaking and letters of intent in support
of the Offer. Therefore, the level of take-up of Chisbridge's Offer
from other InterQuest Shareholders was 6,009,804, representing only
15.78% of the existing issued share capital of the Company.
InterQuest will continue to operate its business as usual and
remains a public company subject to the AIM Rules for
Companies.
Capitalised terms used in the Circular have the same meanings in
this announcement, save where the context provides otherwise.
Contacts:
InterQuest Group plc
David Higgins (Independent Director)
Panmure Gordon (UK) Limited
(Financial Adviser, Nomad and Broker)
Dominic Morley Tel: +44 (0) 20 7886 2500
Karri Vuori
James Greenwood
Important notices:
Panmure Gordon (UK) Limited, which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for InterQuest and the Independent Director and no one
else in connection with the Offer and will not be responsible to
anyone other than InterQuest and the Independent Director for
providing the protections afforded to its clients or for providing
advice in relation to the Offer or any other matters referred to
herein.
The Independent Director accepts responsibility for the
information contained in this announcement. To the best of his
knowledge and belief (having taken all reasonable care to ensure
that such is the case), the information contained in this
announcement for which he is responsible is in accordance with the
facts and does not omit anything likely to affect the import of
such information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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