REG - AIQ Limited - Statement re. Convertible Loan Note Facility

AiqAnnouncement

31/07/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230731:nRSe6406Ha&default-theme=true

RNS Number : 6406H  AIQ Limited  31 July 2023

31 July 2023

 

AIQ Limited

("AIQ" or the "Company")

 

Statement re. Convertible Loan Note Facility

 

AIQ (LSE: AIQ) announces it has entered into an agreement (the "Agreement") to
amend certain terms of the convertible loan note instrument that was executed
by the Company and Li Chun Chung, Soon Beng Gee and Lee Chong Liang (the
"Noteholders") on 24 January 2022 (the "Convertible Loan Note Facility"), as
announced by the Company on 25 January 2022.

 

Under the terms of the Agreement, the expiration date of the convertible loan
notes has been extended by a period of 12 months from 24 January 2024 to 24
January 2025. All other details of the Convertible Loan Note Facility remain
unchanged and are as set out in the Company's announcement of 25 January 2022.

 

Related Party Transaction

 

The Noteholders are deemed to be related parties by virtue of their combined
shareholdings of 38.5% and Li Chun 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 Agreement are 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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  STRQBLFXXDLFBBX