Last checked at 5 Dec 2008 13:00
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 £30,000 ('the Loan'). The Loan is unsecured, interest-free and will not be repaid before March 2010.
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 Loan are fair and reasonable insofar as its shareholders are concerned.
Contacts:
Julian Green
IQ Holdings plc
Tel: 0208 099 0560
Fiona Kindness / Gerry Beaney
Grant Thornton UK LLP (Nomad)
Tel: 0207 7383 5100
Ian Callaway / Peter Manfield
SVS Securities plc (Broker)
Tel: 0207 638 5600