18th Mar 2015 07:00
18th March 2015
InterQuest Group plc
("InterQuest" or "the Company")
Director Shareholding
&
Exercise of options
InterQuest Group plc, the specialist recruiter in the technology, analytics and digital market, announces that on 17th March 2015 Mark Braund, Chief Executive Officer, has been issued with a total of 280,000 ordinary shares pursuant to awards made with respect to a Long Term Incentive Plan. In addition, Mark Braund has notified the Company that on 17 March 2015 he sold 95,000 shares at a price of 91p per ordinary share. The proceeds of the share sale by Mark Braund have been used to cover some of the exercise costs incurred and the tax liabilities arising from the share option exercise. Following these transactions, Mark Braund is beneficially interested in 1,010,603 ordinary shares representing approximately 2.8% per cent. of the Company's enlarged issued share capital.
The Company has also been notified that on 17th March 2015, Michael Joyce, a director of the Company, sold 313,333 ordinary shares at a price of 91p per ordinary share. Following these transactions, Michael Joyce no longer has a beneficial interest in the Company.
Application has been made for the 280,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 23 March 2015.
The new ordinary shares will rank pari passu with the existing shares of the Company. Pursuant to admission of the new ordinary shares, the total issued share capital of InterQuest will be 35,462,765 ordinary shares. The Company holds 2,000 ordinary shares in treasury which do not carry voting rights and therefore the total number of shares with voting rights in the Company is 35,460,765.
The above figure of 35,460,765 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in InterQuest, under the Disclosure and Transparency Rules.
Enquiries:
InterQuest Group Plc
Michael Joyce, Chief Financial Officer Tel: +44 (0) 20 7025 0100
Charles Stanley Securities (Nomad and Broker)
Marc Milmo Tel: +44 (0) 20 7149 6000
Karri Vuori
Media enquiries:
Maitland
Neil Bennett Tel: +44(0)20 7379 5151
Andy Donald
Related Shares:
InterQuest Group