InterQuest Group PLC - Warranty Claim
Pubished 23rd December 2011
In August this year, InterQuest Group plc (AIM: ITQ.L) announced that contracts with the recently acquired Contract Connections Limited ("CCL") had been terminated due to apparent impropriety and alleged fraud within a major client.
Following legal advice, the Board has today issued formal notice of a warranty claim against the vendors of CCL for the sum of £3,835,909 excluding interest and costs.
The Board will update investors on this issue as and when appropriate.
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 technology recruitment Group providing contract and permanent recruitment services within niche disciplines in the UK, and Southeast Asia. The Group comprises specialist divisions covering a range of technology and analytical skill sets including Analytics, Digital, ERP (SAP, Oracle), Enterprise Systems Management (Infrastructure, ITSM, ITAM), Mobile, Quality Assurance & Testing and Telecommunications. The Group operates across multiple industries with a significant presence and expertise in Financial Markets (Banking & Insurance), Public Sector, Not-for-Profit and Retail.