AIQ Limited Loan Agreement

RNS Number : 3098V

AIQ Limited

05 July 2024

 

5 July 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 USD100,000 (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 [phone]
Harry Chathli, Chairman
Guild Financial Advisory Limited (Financial Adviser)	[phone]
Ross Andrews
Gracechurch Group (Financial PR)	[phone]
Claire Norbury

 

 

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