5 Dec 2008 13:00
ļ»æ
IQ Holdings plc ("IQ Holdings" or the "Company")
Director Loan
The Company announces that Executive Director, Mr. Joachim Seydel, has agreed to lend to the Company the sum of Ā£30,000 ('the Loan'). The Loan is unsecured, interest-freeĀ andĀ will not be repaid beforeĀ March 2010.Ā
With the exception of Mr Seydel, who is involved in the transaction as a related party, the directors of IQ Holdings consider, having consulted with the Company's nominated adviser, that the terms of the LoanĀ are fair and reasonableĀ insofar as its shareholders are concerned.
Contacts:
Ā
Julian Green
IQ Holdings plc
Tel: 0208 099 0560
Ā
Fiona Kindness / Gerry Beaney
GrantĀ ThorntonĀ UKĀ LLP (Nomad)
Tel: 0207 7383 5100
Ā
Ian Callaway / Peter Manfield
SVSĀ SecuritiesĀ plc (Broker)
Tel: 0207 638Ā 5600