REG - AIQ Limited - Loan Agreement

AiqAnnouncement

11/11/2024 11:45

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RNS Number : 7376L  AIQ Limited  11 November 2024

11 November 2024

 

AIQ Limited

("AIQ" or the "Company")

 

Loan Agreement

 

AIQ (LSE: AIQ) advises that it has entered into an agreement with Li Chun
Chung, an Executive Director of the Company, for an interest-free, unsecured
loan of USD130,000 (the "Loan Agreement"). The monies will be used by the
Company for working capital purposes.

 

Mr. Chung has informed the Company that he does not intend to request any
repayment of the loan, which is re-payable upon demand, before 31 March 2025.

 

The Loan Agreement is deemed to be related party transaction by virtue of Mr.
Chung being an Executive Director. Harry Chathli and Dwight Mighty, being
Independent Non-Executive Chairman and Non-Executive Director of the Company
respectively, consider that the terms of the Loan Agreement is fair and
reasonable insofar as the Company's shareholders are concerned.

 

 

Enquiries

 

 AIQ Limited                                           c/o +44 (0)20 4582 3500
 Harry Chathli, Chairman

 Guild Financial Advisory Limited (Financial Adviser)  +44 (0)7973839767
 Ross Andrews

 Gracechurch Group (Financial PR)                      +44 (0)20 4582 3500
 Claire Norbury

 

 

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