Director Dealing

RNS Number : 7775H

IQ-AI Limited

07 December 2020

 

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

IQ-AI Ltd
(the "Company")

Director Dealing

The Company has been notified that Trevor Brown, CEO of the Company, has sold 5,166,667 ordinary shares in the Company indirectly via Free Association Books and directly in his own name. 

Following this transaction, Trevor Brown continues to hold 42,360,736 ordinary shares in the Company, representing approximately 26.39 per cent. of the Company's issued ordinary share capital. In addition, Mr Brown continues to hold £50,000 convertible loan notes convertible at 2p and £250,000 convertible loan notes convertible at 1.5p.

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: [phone]

Peterhouse Capital Limited (Financial Adviser and Broker) Lucy Williams/Heena Karani Tel: [phone]

Notification of Transactions by Persons Discharging Managerial Responsibilities ("PDMRs") and Persons Closely Associated with them

This notification relates to transactions notified in accordance with the Market Abuse Regulation, further details below:

1.	Details of the person discharging managerial responsibilities/ person closely associated
a)	Name		Trevor Brown
2.	Reason for the notification
a)	Position/status		Director
b)	Initial notification/ Amendment		Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name		IQ-AI Limited
b)	LEI		213800SPW48XRJS2QH57
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument  Identification code	Ordinary share   JE00BD4H0R42
b)	Nature of the transaction	C onverted loan to new shares
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		0.10 0.10 0.10		2,416,667 2,250,000 500,000
d)	Aggregated information · Aggregated volume · Price	5,166,667 0.10
e)	Date of the transaction	3 and 4 December 2020
f)	Place of the transaction	London Stock Exchange Main Market

 

END

 

 

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