InterQuest Group PLC - Director Dealing/Issue of Equity/TVR
Pubished 23rd July 2011
Director Dealing / Issue of Equity / Total Voting Rights
IT staffing specialist, InterQuest Group plc (AIM: ITQ.L), announces that Mark Braund, the Chief Executive Officer of the Company, today subscribed for and was issued and allotted 208,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 62.5p per share (being the mid market closing price of an Ordinary Share on 22 June 2011) . Mr. Braund chose to subscribe for these Ordinary Shares directly from InterQuest due to a lack of available stock in the market.
Following this transaction, Mr. Braund has an interest in a total of 375,000 Ordinary Shares in the Company, representing 1.17% of the Group's total issued share capital.
In addition, Alan Found, Group Development Director of InterQuest today exercised options over and was issued and allotted 38,709 Ordinary Shares, under the Group Long Term Incentive Plan 2008 at an exercise price of 1p per Ordinary Share.
Following this transaction, Mr. Found has an interest in a total of 164,790 Ordinary Shares in the Company, representing 0.52% of the Group's total issued share capital.
Application will be made for admission of the 246,709 Ordinary Shares issued and allotted as above, to trading on AIM on 29 June 2011.
Accordingly, following the above issues and the issue and allotment of 466,790 Ordinary Shares pursuant to the acquisition of Contract Connections Limited as announced on 22 June 2011, in accordance with the Transparency Directive, the total number of Ordinary Shares with voting rights is 31,969,586.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in, or a change to their interests in, InterQuest under the FSA's Disclosure and Transparency Rules.
For further information please contact:
|InterQuest Group plc||Threadneedle Communications||finnCap|
|020 7025 0100||020 7653 9850||020 7600 1658|
|Gary Ashworth, Executive Chairman||Caroline Evans-Jones||Marc Young|
|Michael Joyce, Finance Director||Fiona Conroy||Charlotte Stranner|
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 seventeen 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.