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

Beacon Broadband recruits in Northern Ireland for expansion South

A Derry-based wireless broadband provider has launched a recruitment drive as it seeks to expand South of the border.

17 January 2018

BMW launches latest apprenticeship scheme

Automotive giant BMW is on the hunt for 60 new apprentices.

16 January 2018

NEW TO THE MARKET: 15-19 JANUARY 2018

This week’s launches includes: Debut, Erecruit, ICG Medical, PCL, R_Block, Raffingers, Recruit My Job, Swanstaff Recruitment

New to Market 16 January 2018

CONTRACTS & DEALS: 15-19 JANUARY 2018

This week’s contracts and deals: Capita, Fuel50, Graduate Promotions, Havas People, Jarell Group, Mercer, Nova Recruitment Services, Workday

Contracts 15 January 2018
Top