Extension of Loan Notes Redemption Date

RNS Number : 4055Z

IQ-AI Limited

17 May 2019

 

IQ-AI LIMITED

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

Extension of Convertible Loan Notes Redemption Date

IQ-AI announces that the Company has agreed with Trevor Brown, holder of the outstanding £18,750 convertible loan notes issued pursuant to a loan note instrument dated 11 March 2015, to extend the final redemption date from 11 March 2020 to 11 March 2025.

 In addition, the Company has agreed with Free Associations Books Limited ("FAB"), the holder of the outstanding £100,000 of convertible loan notes issued pursuant to a loan note instrument dated 18 November 2015, to extend the final redemption date from 18 November 2020 to 18 November 2025.

 Trevor Brown is a Director and 29.98% shareholder of IQ-AI and FAB is a company with which he is connected.

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

  **ENDS**

For further information please contact:

IQ-AI Limited Qu Li/Trevor Brown/Vinod Kaushal Tel:  [phone]
Peterhouse Capital Limited (Financial Advisor and Broker) Lucy Williams and Fungai Ndoro Tel: [phone]

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").

 

END

 

 

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