Issue of Warrants to Employees

RNS Number : 5398A

IQ-AI Limited

26 September 2022

 

26 September 2022

IQ-AI Limited

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

Issue of Warrants to Employees

IQAI Limited (the "Company" or "IQAI"), the parent company of Wisconsin-based Imaging Biometrics, LLC (IB), which is focused on delivering quantitative imaging platforms and therapeutics that transform how clinicians diagnose and treat patients more efficiently and effectively, announces today that it has issued warrants to select employees.

The Board has granted these employees a total of 775,000 warrants to subscribe for one ordinary share each in the Company. The warrants will be exercisable at a price of 2.253 pence per share and are exercisable for 10 years from the date of grant. 

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

-ENDS-

For further information, please contact:

IQ-AI Limited Trevor Brown/Brett Skelly/Vinod Kaushal Tel: [phone]

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

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).

 

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