InterQuest Group PLC Termination of nominated adviser and suspension (0260Q)
07 September 2017 - 1:01AM
UK Regulatory
TIDMITQ
RNS Number : 0260Q
InterQuest Group PLC
06 September 2017
InterQuest Group PLC (the "Company")
Termination of nominated adviser agreement
and suspension
InterQuest Group plc Group, the AIM listed company focused on
digital recruitment and solutions, announces that it has provided
one month's notice of termination to its nominated adviser and
broker Panmure Gordon (UK) Limited on 10 August 2017. The Company
immediately commenced the process of finding and appointing a new
nominated adviser and broker in the ordinary course, and confirmed
at the time, as well as subsequently, that it was confident that a
new appointment would be made within the requisite notice
period.
The Company identified, and has been in discussions with,
replacement nominated advisers and brokers but it is now apparent
that it may not be possible to conclude an appointment of a new
nominated adviser before expiry of the contract with its existing
nominated adviser, which the Company will not extend, and which
will come to an end on 9 September 2017.
Pursuant to Rule 1 of the AIM Rules for Companies, if an AIM
company ceases to have a nominated adviser, trading in its AIM
securities will be suspended. Accordingly, if no appointment is
made by 9 September 2017, the Company's shares will be suspended at
7.30 a.m. on 11 September 2017. If, within one month of that
suspension the AIM company has failed to appoint a replacement
nominated adviser, the admission of its AIM securities will be
cancelled.
This announcement contains information for the purposes of
Article 7 of EU Regulation 596/2014.
For further information, please contact
InterQuest Group plc
David Bygrave - Chief Financial Officer 020 7025 0100
Gary Ashworth - Chairman 020 7025 0125
Panmure Gordon (UK) Limited
Dominic Morley - 020 7886 2500
Karri Vuori - 020 7886 2500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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