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On 04 April 2025, AIQ Limited announced it entered into an agreement with Executive Director Li Chun Chung for an interest-free, unsecured loan of GBP100,000. This loan is repayable upon demand and will be used by the Company for working capital purposes. Independent Non-Executive Chairman Harry Chathli and Non-Executive Director Dwight Mighty consider the terms of the Loan Agreement fair and reasonable.
| Date | 4 Apr 2025 |
| Time | 10:25:21 |
| Category | Acquisitions and alliances |
| ID | 7264D |
4 April 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. Li 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 are 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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