Loan Agreement
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
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AIQ Limited |
c/o +44 (0)20 4582 3500 |
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Harry Chathli, Chairman |
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Guild Financial Advisory Limited (Financial Adviser) |
+44 (0)7973839767 |
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Ross Andrews |
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Gracechurch Group (Financial PR) |
+44 (0)20 4582 3500 |
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Claire Norbury |
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