Update on nominated adviser and suspension

Pubished 8th September 2017


InterQuest Group PLC - ITQ

Update on nominated adviser and suspension
Released 15:25 08-Sep-2017

RNS Number : 2761Q
InterQuest Group PLC
08 September 2017

InterQuest Group PLC (the "Company")

Update on termination of nominated adviser agreement

and suspension

InterQuest Group plc Group, the AIM listed company focused on digital recruitment and solutions, announced on 6 September 2017 that its agreement with the company's nominated adviser and broker Panmure Gordon (UK) Limited will terminate on 9 September 2017. Prior to this the company commenced the process of finding and appointing a new nominated adviser and broker in the ordinary course, and believed at the time of the termination of its agreement with its current nominated adviser and broker, as well as subsequently, that it was confident that a new appointment would be made within the requisite notice period.

It is now clear that the due diligence process for the appointment of replacement nominated advisers and brokers will not be completed before 9 September 2017 and therefore the company will be in breach of 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, it is anticipated that the Company's shares will be suspended on 11 September 2017.

The Company is actively working to engage a replacement nominated adviser and broker and expects that an appointment of a replacement nominated adviser and broker will be completed within one month of the suspension. Any appointment of a new nominated adviser and broker is subject to the satisfaction of due diligence and therefore, whilst the Company does not foresee any circumstances at this stage which would lead the admission of its AIM securities to be cancelled, there can be no guarantee that such due diligence will be completed satisfactorily.

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