Msalloo next RTO is IQH at 0.007.7 Aug 2010 08:37
The specialist business research company, IQ Holdings, has now completed its transformation into a shell. The board completed the disposal of Rosslyn Research Limited and Viewpoint Field Services to PLUS-quoted Rivington Street Holdings (RSH) in February for £1.8m to be paid in shares. Currently, the Company is in the midst of doling out the 4.5 million Rivington Street Holdings (RSH) shares to its shareholders on the basis of 36 RSH shares for every 10,000 IQ shares held. This distribution is expected to be paid to shareholders on 29 March. Following this move IQ has become an Investing Company under AIM rules and the board now has a strategy of looking to acquire or take an interest in a business which is involved in either real estate, manufacturing or rare earth minerals and natural resoures.