Result of GM

14 Jan 2009 12:39



IQ Holdings plc 

("IQ Holdings" or the "Company")

Result of General Meeting

The Board of IQ Holdings, the specialist business research company, is pleased to announce that all of the resolutions set out in the notice of General Meeting included in the Admission document dated 9 December 2008, including that relating to the placing, share capital reorganisation and acquisition of the businesses known as Viewpoint Field, Viewpoint Studios and The Wire which constitutes a reverse takeover under Rule 14 of the AIM Rules, were duly passed at the General Meeting earlier today.

Application has been made for the Enlarged Share Capital of 1,324,133,432 new ordinary shares of 0.01p each to be admitted to trading on AIM, although trading will not occur until the placing has been finalised. It is currently anticipated that the placing will be finalised within the next 12 business days.

The 86,426,760 Existing Ordinary Shares will trade as New Ordinary Shares with a new nominal value of 0.01 pence from tomorrow morning.

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Enquiries

Julian Green IQ Holdings plc Tel:  020 8099 0560 Website: www.iqresearch.co.uk 

Jenni Herbert / Gemma O'Hara

Bishopsgate Communications Ltd

Tel: 020 7562 3350

Email: iqholdings@bishopsgatecommunications.com 

Gerry Beaney / Fiona Kindness

Grant Thornton UK LLP (Nomad)

Tel: 0207 383 5100

Ian Callaway / Peter Manfield

SVS Securities plc (Broker)

Tel: 0207 638 5600

For details of the transaction please see the Company's announcement made on 10 December 2008. For the full Admission Document, please visit the Company's website at www.iqresearch.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 Admission Document dated 9 December 2008.