23rd Dec 2010 07:00
23 December 2010
Embargoed until 07:00
InterQuest Group plc
("InterQuest" or "the Group")
Board Changes / Holding in Company
IT staffing specialist, InterQuest Group plc (AIM: ITQ.L), announces that following nine years as an investor and Non Executive Director, Mr Luke Johnson, resigned from the Board of the Company yesterday. Mr Johnson is stepping down to focus on other business interests.
The Company also announces that following his resignation finnCap, the Company's broker, placed Mr Johnson's entire holding in the Company, being 3,027,033 ordinary shares representing 9.7 per cent. of the Company's issued share capital, at an average price of 53p per share. The shares were placed with certain new and existing investors including James (Jim) Mellon who purchased 1,818,181 new ordinary shares representing 5.8 per cent. of the Company's issued share capital.
Gary Ashworth, Executive Chairman, commented:
"The Board would like to thank Luke for his significant contribution to the Company over the past nine years. His considerable business acumen and investment expertise have helped to develop InterQuest and build it towards the strong market position it enjoys today. Luke leaves on good terms to pursue his other varied business interests and we wish him well in these endeavours. Luke has also sold his holding in the Company in order to satisfy demand from a high quality group of existing and new investors including the successful entrepreneur and investor Jim Mellon who we are delighted to welcome as a shareholder.
"As stated at the time of our Interim Results, we have seen an overall strengthening in our market during the course of the year and the Company continues to trade in line with management's expectations. We look forward to updating investors further in the new year."
For further information please contact:
InterQuest Group plc | 020 7025 0100 |
Gary Ashworth, Executive Chairman | |
Michael Joyce, Finance Director | |
finnCap | 020 7600 1658 |
Marc Young / Charlotte Stranner - Corporate Finance | |
Tom Jenkins - Corporate Broking | |
Threadneedle Communications | 020 7653 9850 |
Caroline Evans-Jones | |
Fiona Conroy |
About InterQuest
The InterQuest Group is a specialist IT recruitment Group providing contract and permanent recruitment services within niche disciplines in the UK and Europe. The Group comprises eleven separately branded specialist divisions covering a broad range of skill sets and industries including Public Sector, SAP, Oracle, CRM Testing, Banking, Insurance, Retailing, Pharmaceuticals, Media, Analytics, Infrastructure and Communications plus majority shareholdings in five further specialist businesses within the IQ Equity division.
Related Shares:
InterQuest Group