FINANCIALS: InterQuest shares suspended on AIM

Specialist technology recruiter InterQuest has announced the temporary suspension of its shares on AIM.

The move follows an announcement, released late Friday, in which InterQuest revealed it expected to fail to complete the due diligence process necessary for it to appoint a new nominated adviser (NOMAD) and broker before a deadline that passed over the weekend.

The statement added that failure to appoint a replacement NOMAD and broker for investment bankers Panmure Gordon would see the firm’s shares suspended today, which is what happened.

The firm revealed it was actively working to engage a replacement and anticipated it would be completed within one month of the suspension of its shares on AIM.

InterQuest issued a warning earlier last week that it may not be able to appoint a successor to Panmure Gordon in time to meet the deadline.

NOMADs provide advice during the process of flotation, and throughout the time a business remains on AIM.

• Want to comment on this story? Email us at recruiter.editorial@redactive.co.uk or tweet us below to tell us your thoughts. We will run comments online in a round-up at the end of the week.

Email story to a friend

Twitter Twitter

FINANCIALS: Kellan Group sees NFI fall but reduces losses

Kellan Group has seen net fee income fall 4%, according to unaudited interim results for the six months ended 30 June 2017.

Financials 22 September 2017

After CBSbutler and firstPRO, Staffing360 buys to continue in 2018

Staffing360 Solutions has gone on a spending spree, with the acquisitions of recruiters CBSbutler in the UK and firstPRO in the US.

Contracts 20 September 2017

Rethink launches Code Nation to tackle digital skills shortage

Global recruiter Rethink Group is launching a coding school in its spiritual home of Manchester.

New to Market 20 September 2017

FINANCIALS: ClearStar reveals revenue jump

US-based ClearStar has seen revenues jump 12% year-on-year, according to unaudited results for the six months ended 30 June 2017.

Financials 19 September 2017
Top