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On 28 January 2025, AIQ Limited entered into an agreement with Executive Director Li Chun Chung for an interest-free, unsecured loan of GBP100,000, which is repayable upon demand. The Company stated this Loan Agreement is a related party transaction, and Independent Non-Executive Chairman Harry Chathli and Non-Executive Director Dwight Mighty consider its terms fair and reasonable insofar as the Company's shareholders are concerned.
| Date | 28 Jan 2025 |
| Time | 16:29:14 |
| Category | Acquisitions and alliances |
| ID | 0083V |
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
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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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