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Loan Agreement

28th Jan 2025 16:29

RNS Number : 0083V
AIQ Limited
28 January 2025
 

28 January 2025

 

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 GBP100,000 (the "Loan Agreement"), which is re-payable upon demand. The monies will be used by the Company for working capital purposes.

 

The Loan Agreement is deemed to be a 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

 

AIQ Limited

c/o +44 (0)20 4582 3500

Harry Chathli, Chairman

Guild Financial Advisory Limited (Financial Adviser)

+44 (0)7973839767

Ross Andrews

Gracechurch Group (Financial PR)

+44 (0)20 4582 3500

Claire Norbury

 

 

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Related Shares:

Aiq Limited
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