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On 31 March 2026, AIQ Limited entered into an agreement with Executive Director Li Chun Chung for an interest-free, unsecured loan of GBP100,000, repayable upon demand. The loan is intended for working capital purposes and is deemed a related party transaction. Independent Non-Executive Chairman Harry Chathli and Non-Executive Director Dwight Mighty consider the terms of the Loan Agreement fair and reasonable for the Company's shareholders.
| Date | 31 Mar 2026 |
| Time | 15:41:08 |
| Category | Acquisitions and alliances |
| ID | 9063Y |
31 March 2026
AIQ Limited
("AIQ" or the "Company")
Loan Agreement
AIQ (LSE: AIQ) advises that, on 31 March 2026, it 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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