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(IQH.L) IQ Holdings PLC Buy/Sell
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Summary
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| Date/Time | Headline | Source |
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| 26-02-10 | RNS |
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RNS Number : 7834H IQ Holdings plc 26 February 2010 26 February 2010 IQ Holdings plc ("IQH" or the "Company") Confirmation of Court Application Further to the announcements made on 1 February 2010 and 22 February 2010, the Board of IQ Holdings plc announces that an application to the Court has been made for confirmation of the proposed cancellation of the capital redemption reserve, share premium account and reduction of share capital to allow the Company to distribute the majority of the Rivington Street Holdings plc ("RSH") shares to IQH shareholders (together the "Reduction of Capital"). Subject to the Court granting its Order on the final hearing date which is anticipated to be on 17 March 2010, the Reduction of Capital is expected to take effect on the same day at which point the Directors of IQH will be in a position to give further details on the distribution of the RSH shares to its shareholders.
--END--
For further information, please contact:
IQ Holdings plc
Nominated Adviser:
Grant Thornton Corporate Finance
For details of the transaction please see the Company's announcement made on 24 December 2009. For the full Circular, please visit the Company's website at www.iqholdings.co.uk. Unless otherwise defined in this announcement, capitalised words and phrases used in this announcement shall have the same meanings given to them in the Circular dated 24 December 2009. This information is provided by RNS The company news service from the London Stock Exchange END
MSCPGUCUPUPUGQQ More |
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| 22-02-10 | RNS |
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RNS Number : 4893H IQ Holdings plc 22 February 2010 22 February 2010 IQ Holdings plc ("IQH" or the "Company") Agreement of consideration shares Further to the announcement made on 1 February 2010, the Board of IQ Holdings plc announces that the consideration payable to IQH by Rivington Street Holdings plc ("RSH) has now been agreed. The amount payable is 5,000,000 ordinary fully paid RSH shares which have been issued today. In addition, as detailed in the Circular, IQH has undertaken as soon as practicable to apply to the Court for a confirmation of the proposed cancellation of the capital redemption reserve, share premium account and reduction of share capital to allow the Company to distribute the majority of the RSH shares to IQH Shareholders. A further announcement regarding timetable will be made in due course.
--END-- For further information, please contact:
IQ Holdings plc
Nominated Adviser:
Grant Thornton Corporate Finance
Nominated Broker:
Rivington Street Corporate Finance
Financial PR: Bishopsgate Communications Robyn Samuelson / Gemma O'Hara Tel: +44 (0) 20 7562 3355 For details of the transaction please see the Company's announcement made on 24 December 2009. For the full Circular, please visit the Company's website at www.iqholdings.co.uk. Unless otherwise defined in this announcement, capitalised words and phrases used in this announcement shall have the same meanings given to them in the Circular dated 24 December 2009. This information is provided by RNS The company news service from the London Stock Exchange END
AGRPGUQCPUPUGWP More |
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| 12-02-10 | RNS |
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RNS Number : 1039H IQ Holdings plc 12 February 2010 IQ Holdings plc 12 February 2010: IQ Holdings Plc ("IQH" or "the Company") announces its interim results for the period ended 30 September 2009. Chairman's Report for 12 Months Ended 30th September 2009 I am pleased to announce the unaudited interim results of IQ Holdings plc ("IQH" or "the Company") for the twelve months ended 30th September 2009. The Company has changed its year end to 31 March 2010 as it disposed of its remaining operating subsidiaries on 29 January 2010. This transaction substantially altered the future strategy and financial position of the Company. These results include the results of Viewpoint Field Services Limited ("Viewpoint") and The Wire Services (UK) Limited ("The Wire") since their acquisition on 29 January 2009 and show a loss for the 12 month period of £640,000. The Wire ceased trading at the end of February 2009. Viewpoint and Rosslyn Research Ltd ("Rosslyn") were disposed of to Rivington Street Holdings plc on 29 January 2010. Following the disposal, the Company's shareholders will receive a distribution of shares in Rivington Street Holdings plc. As part of the terms of the disposal Julian Green and Gale Blears have resigned as directors of the Company, since they will be fully engaged in running the Viewpoint and Rosslyn businesses. In addition, Neil McGowan and Joe Seydel have resigned their positions as non- executive directors. I would like to express both my personal and corporate thanks to the departing directors for their contribution to the Company over the past few years. Following the disposal of Viewpoint and Rosslyn the Company has been classed as an investing company and its strategy is to seek acquisition opportunities in the real estate, manufacturing or marketing sectors both abroad and in the UK. I hope to advise on developments in this area in due course. Contacts: John Mitchel IQ Holdings plc Tel: 0208 099 0579 Fiona Kindness / Gerry Beaney Grant Thornton Corporate Finance (Nomad) Tel: 0207 7383 5100
UNAUDITED CONSOLIDATED INCOME STATEMENT TWELVE months ended 30 SEPTEMBER 2009
Continuing operations
operations
operations
ordinary share from continuing and discontinued operations
UNAUDITED CONSOLIDATED BALANCE SHEET
AS AT 30 SEPTEMBER 2009
Non current assets
Current assets
for sale
Current liabilities
associated with assets of
disposal group held for sale
Non current liabilities
Capital and reserves
holders of the parent
UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY twelve months ended 30 september 2009
costs)
For the 6 months ended 31 March 2009 (Unaudited)
costs)
For the 12 months ended 30 September 2008 (Audited)
costs)
UNAUDITED CONSOLIDATED CASHFLOW STATEMENT
FOR THE 12 MONTH PERIOD TO 30 SEPTEMBER 2009
operations
activities
Cashflow from investing
activities
investing activities
Financing
(Net of costs)
of subsidiary undertakings
and cash equivalents
beginning of period
end of period
NOTES TO THE UNAUDITED INTERIM FINANCIAL REPORT for the 12 months ended 30 september 2009 1. BASIS OF PREPARATION OF INTERIM REPORT The information for the interim accounts for the twelve month period ended 30 September 2009 has neither been audited or reviewed by the auditors, and does not constitute statutory accounts as defined in section 240 of the Companies Act 1985 (section 435 of the Companies Act 2006). The figures and financial information for the year ended 30 September 2008 do not constitute financial statements for that year. Those financial statements have been delivered to the Registrar and included an audit report which was unqualified, contained no statements under either section 237(2) or (3) of the 1985 Act (section 498(2) or (3) of the 2006 act). The audit report in those financial statements ended 30 September 2008 did however contain the following emphasis of matter: "Without qualifying our opinion, we draw attention to Note 1 in the financial statements. The Group incurred a net loss of £440,000 during the year ended 30 September 2008 and, as of that date, the Group's current liabilities exceeded its current assets by £677,000. These conditions, along with other matters explained in Note 1 to the financial statements and in the Chairman's Report on page 3, indicate the existence of a material uncertainty which may cast significant doubt about the Company's and Group's ability to continue as a going concern. The financial statements do not include the adjustments, to the balance sheet that would result if the Company or Group was unable to continue as a going concern." 2. loss per share
The calculation is based on the loss attributable to equity shareholders divided by the weighted average number of ordinary shares in issue during the period as follows:
2009 2008
to equity shareholders
Denominators; weighted average
number of equity shares
3. CASH USED IN OPERATIONS
2008
operations
operations
plant and equipment
receivables
payables
operations This information is provided by RNS The company news service from the London Stock Exchange END
FR KKBDPPBKDCBD More |
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| 08-02-10 | RNS |
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RNS Number : 8486G IQ Holdings plc 08 February 2010 08 February 2010 IQ Holdings plc ("IQH" or the "Company") Change of Accounting Reference Date The Company announces that it has changed its accounting reference date to 31 March. Accordingly, the Company's current financial year will now end on 31 March 2010. It is the Board's intention to publish unaudited interim results for the twelve months ending 30 September 2009 shortly.
--END--
For further information, please contact:
IQ Holdings plc
Nominated Adviser:
Grant Thornton Corporate Finance
Nominated Broker:
Rivington Street Corporate Finance
This information is provided by RNS The company news service from the London Stock Exchange END
NARTPMRTMBBMBFM More |
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| 24-02-10 | ||||
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What are people's feeling about where this is heading in the future? (taking into account he recent RNS)
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| 21-02-10 | ||||
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PREVIOUS POST WAS INCORRECT FOR IQ HOLDINGS .....SORRY
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| 21-02-10 | ||||
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SO WE ARE NOT SURE REGARDING LICENSES FOR BPC AS YET ?? http://www.thenassauguardian.com/bixex/354855197365108.php Bahamas oil exploration hits headlines 8TH FEB 20010 By Inderia Saunders ~ Guardian Business Reporter ~ inderia@nasguard.com: Government may be readying to approve several oil exploration licenses, Guardian Business has learned, kicking off the first oil search recorded in The Bahamas in decades. According to reports, speculation of such a move has already boosted interest in one license holder. "BPC, an energy explorer, was chased 0.8p higher to 3.25p amid speculation that the Bahamas is poised to rubber-stamp three offshore exploration licenses," read a report from a U.K. newspaper. "BPC jointly holds the Zapata, Islamorada and Falcones licenses with StatoilHydro, of Norway. The group says that this would mean the first oil exploration in the area for 22 years." It comes as an oil territory dispute boils up, with the government staking its claim on territory over potentially oil rich fields lying beneath a disputed area with Cuba and the U.K. It is also now awaiting a response before plotting its next move. Foreign Affairs Director General Joshua Sears told Guardian Business in an earlier interview that discussions with the government of Cuba - the main player - took place last year and The Bahamas' counter proposal to that nation's claims was submitted. "Nothing has substantially changed since then," he said then. "That was the second round of talks held and we expect a third and then a final round before there is a conclusion, but it depends on what their counter-proposals are and how far apart. "As you know negotiations involved properly addressing counter-proposals and it goes to the Cabinet of The Bahamas." Hinged on these negotiations are whether oil license partners BPC and Statoil will be granted approval for oil exploration in the southwest Bahamas — in the same area that Cuba has granted approval for oil exploration. |
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| 02-02-10 | ||||
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COMPLETION OF THE DISPOSAL OF ROSSLYN AND VIEWPOINT
Further to the announcement on the 24 December 2009, the Board of IQ Holdings plc announces that all conditions have been satisfied and that the disposal of Rosslyn Research Limited ("Rosslyn") and Viewpoint Field Services Limited ("Viewpoint") to Rivington Street Holdings plc ("RSH") has today been completed. Julian Green, Neil McGowan, Joe Seydel and Gale Blears have today resigned as Directors of IQH. As detailed in the Circular and announcement dated 24 December 2009, the final amount of consideration payable to IQH (in RSH shares) is dependent on a creditors' statement to be produced within 20 business days from the date of completion. A further announcement will be made once the consideration has been finalised and the consideration shares have been issued. In addition, as detailed in the Circular, IQH has undertaken as soon as practicable to apply to the Court for a confirmation of the proposed cancellation of the capital redemption reserve, share premium account and reduction of share capital to allow the Company to distribute the majority of the RSH shares to IQH Shareholders. A further announcement regarding timetable will be made in due course. |
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