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Share Name Share Symbol Market Type Share ISIN Share Description
Iq-ai Limited LSE:IQAI London Ordinary Share JE00BD4H0R42 ORD GBP0.01
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  -0.20 -6.15% 3.05 2.80 3.30 3.25 3.05 3.25 896,392 08:17:58
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IQ-AI Limited Conversion of Loan Notes

05/02/2020 3:20pm

UK Regulatory (RNS & others)


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RNS Number : 1032C

IQ-AI Limited

05 February 2020

IQ-AI Ltd

("IQ-AI" or the "Company")

Conversion of Loan Notes

IQ-AI Ltd has received a conversion notice from Free Association Books Limited, converting GBP60,000 convertible loan notes and the GBP16,875 associated interest, issued on 18 November 2015, at a price of 1.15 pence, into 5,125,00 Ordinary Shares at a price of 1.15 pence per share ("Conversion"). Free Association Books Limited is a company in which Trevor Brown, who is an executive director of IQ-AI, has an interest.

Following the Conversion, Trevor Brown will be directly and indirectly interested in 43,419,766 Ordinary Shares, representing approximately 29.75 per cent. of the Company's enlarged issued ordinary share capital. It is expected that the Ordinary Shares will commence trading on or around 6 February 2020.

Following completion of the Conversion, the Company's issued share capital will consist of 145,955,982 ordinary shares of 1 penny each. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The Directors of the Company accept responsibility for the contents of this announcement.

-ENDS-

For further information, please contact:

 
 IQ-AI Limited 
  Trevor Brown/Vinod Kaushal/Qu Li 
  Tel: 020 7469 0930 
---------------------------------------------------------- 
 Peterhouse Capital Limited (Financial Adviser and Broker) 
  Lucy Williams/Heena Karani 
  Tel: 020 7220 9797 
---------------------------------------------------------- 
 

About IQ-AI Ltd

IQ-AI, Ltd, the parent company of StoneChecker(R) and Imaging Biometrics(R), is focused on advanced and state of the art medical software and services. (IQ-AI.ltd). Imaging Biometrics develops and provides visualization and analytical solutions that enable clinicians to better diagnose and treat diseases with greater confidence. Through close collaboration with researchers and clinicians, sophisticated advancements are translated into platform-independent software plug-ins which can extend the base functionality of workstations, imaging systems, PACS, or medical viewers. By design, IB's advanced visualization software seamlessly integrates into routine workflows. Please visit www.imagingbiometrics.com for further information.

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 or visit www.rns.com.

END

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(END) Dow Jones Newswires

February 05, 2020 10:20 ET (15:20 GMT)

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