21st Jul 2006 12:40
InterQuest Group PLC21 July 2006 InterQuest Group plc Regulatory Announcement Application has been made to the London Stock Exchange for 300,000 new ordinaryshares in InterQuest Group plc to be admitted to trading on AIM on 26 July 2006. These shares form part of the initial consideration payable in respect of theacquisition of Sand Resources Limited announced on 9 June 2006. As notified on 9June, the initial consideration comprises £1.39m which was paid in cash atcompletion plus £0.36m satisfied by the issue of new InterQuest shares at 50pence. The £0.36m has now been satisfied by 411,424 new ordinary shares issued on 9 June at 50 pence plus a further 300,000 new ordinary shares which were deferred and are being issued today at 50 pence. The new shares will, upon issue, rank pari passu with the Group's existingissued ordinary shares and are subject to a lock in restriction, which expiresone year after issue and an orderly market provision for twelve months thereafter. For further information please contact: Gary Ashworth, InterQuest Group plc Tel: 0207 025 0100Michael JoyceRoss Eades This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
InterQuest Group