Director loan

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