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AIQ Limited entered into an interest-free, unsecured loan agreement for GBP90,000 with Executive Director Li Chun Chung on July 18, 2025. The loan is re-payable upon demand and will be used by the Company for working capital purposes. This agreement is deemed a related party transaction, with Independent Non-Executive Chairman Harry Chathli and Non-Executive Director Dwight Mighty considering its terms fair and reasonable for shareholders.
| Date | 18 Jul 2025 |
| Time | 10:41:36 |
| Category | Acquisitions and alliances |
| ID | 6887R |
18 July 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 GBP90,000 (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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