AIQ Limited Loan Agreement
November 11 2024 - 5:37AM
RNS Regulatory News
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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END
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