In a statement, released this morning, Chisbridge, a company set up by InterQuest chairman Gary Ashworth, CEO Chris Eldridge and chief financial officer David Bygrave, revealed its bid valuing the firm at 42p per share now has the backing of 52.06% of shareholders. More than 50% is required for the management buyout to be green lit.

Earlier this week, InterQuest independent director David Higgins, who is being advised by investment bankers Panmure Gordon, announced he is continuing to oppose the Chisbridge proposed takeover, as well as the plans to delist InterQuest from AIM - 75% of shareholders would need to green light Chisbridge's plan to delist InterQuest from AIM.

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