Last checked at 19 Mar 2010 09:20
19 March 2010
IQ Holdings plc
("IQH" or the "Company")
Distribution of Consideration Shares
Further to the announcements made on 1 February 2010, 22 February 2010 and 26 February 2010 the Board of IQ Holdings plc announces that the Company will be distributing approximately 4,500,000 Rivington Street Holdings plc ("RSH") shares to IQH shareholders pro rata to their holdings in the Company. RSH has agreed to waive its right to receive RSH Shares in respect of its holding of 43,209,000 IQH shares.
Therefore the Company will distribute to its shareholders 36 RSH shares for every 10,000 IQH shares held, with any fractional entitlements being retained by the Company. This distribution will be paid to IQH shareholders on 29 March 2010 with the shares being marked ex-dividend on 29 March 2010 and the record date being 26 March 2010.
For information regarding the tax treatment of this distribution please refer to the Circular which was sent to shareholders on 24 December 2009 and is also available from www.iqholdings.co.uk.
The Company currently has 1,287,195,774 shares in issue.
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For further information, please contact:
| IQ Holdings plc |
|
| John Mitchel | Tel: +44 (0)20 8099 0560 |
| Nominated Adviser: Grant Thornton Corporate Finance |
|
| Gerry Beaney | Tel: +44 (0) 20 7383 5100 |
For details of the transaction please see the Company's announcement made on 24 December 2009. For the full Circular, please visit the Company's website at www.iqholdings.co.uk.
Unless otherwise defined in this announcement, capitalised words and phrases used in this announcement shall have the same meanings given to them in the Circular dated 24 December 2009.