IQGeo Group PLC (GB:IQG) has released an update.
IQGeo Group PLC shareholders have overwhelmingly approved the acquisition of the company by Geologist Bidco Limited, a company backed by funds from Kohlberg Kravis Roberts & Co. L.P. and affiliates, with a 99.78% vote in favor at a recent Court Meeting. The acquisition is progressing towards completion, expected by Q3 or early Q4 2024, pending regulatory and court approvals. Following the acquisition’s effective date, IQGeo’s shares will be delisted from the London Stock Exchange’s AIM.
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