IN BRIEF: IQGeo stakeholder Charles Stanley updates on sale of shares

IQGeo Group PLC - Cambridge-based telecommunications company - Announces that 10% minority ...

Alliance News 13 June, 2024 | 5:12PM
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IQGeo Group PLC - Cambridge-based telecommunications company - Announces that 10% minority stakeholder Charles Stanley has sold 2% of its share capital in IQGeo, following the May announcement of IQG's acquisition by Geologist Bidco Ltd. Following the sale of shares under the terms of a non-binding letter of intent, Charles Stanley retains 4.7 million shares in IQG, about 8% of total share capital.

Total IQG shares now subject to irrevocable undertakings or non-binding letters of intent is 34.5 million, about 56% of total share capital.

Current share price: 465.13 pence

12-month change: up 73%

By Aidan Lane, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
IQGeo Group PLC 470.00 GBX 0.00 -

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