Termination of nominated adviser and suspension

Pubished 6th September 2017


InterQuest Group PLC - ITQ

Termination of nominated adviser and suspension
Released 16:01 06-Sep-2017

RNS Number : 0260Q
InterQuest Group PLC
06 September 2017

InterQuest Group PLC (the "Company")

Termination of nominated adviser agreement and suspension

InterQuest Group plc Group, the AIM listed company focused on digital recruitment and solutions, announces that it has provided one month's notice of termination to its nominated adviser and broker Panmure Gordon (UK) Limited on 10 August 2017. The Company immediately commenced the process of finding and appointing a new nominated adviser and broker in the ordinary course, and confirmed at the time, as well as subsequently, that it was confident that a new appointment would be made within the requisite notice period.

The Company identified, and has been in discussions with, replacement nominated advisers and brokers but it is now apparent that it may not be possible to conclude an appointment of a new nominated adviser before expiry of the contract with its existing nominated adviser, which the Company will not extend, and which will come to an end on 9 September 2017.

Pursuant to Rule 1 of the AIM Rules for Companies, if an AIM company ceases to have a nominated adviser, trading in its AIM securities will be suspended. Accordingly, if no appointment is made by 9 September 2017, the Company's shares will be suspended at 7.30 a.m. on 11 September 2017. If, within one month of that suspension the AIM company has failed to appoint a replacement nominated adviser, the admission of its AIM securities will be cancelled.

This announcement contains information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact

InterQuest Group plc

David Bygrave - Chief Financial Officer 020 7025 0100

Gary Ashworth - Chairman 020 7025 0125

Panmure Gordon (UK) Limited

Dominic Morley - 020 7886 2500

Karri Vuori - 020 7886 2500

This information is provided by RNS
The company news service from the London Stock Exchange