IQ-AI Limited Extension of Loan Notes Redemption Date (4055Z)
May 17 2019 - 7:00AM
UK Regulatory
TIDMIQAI
RNS Number : 4055Z
IQ-AI Limited
17 May 2019
IQ-AI LIMITED
("IQ-AI" or the "Company")
Extension of Convertible Loan Notes Redemption Date
IQ-AI announces that the Company has agreed with Trevor Brown,
holder of the outstanding GBP18,750 convertible loan notes issued
pursuant to a loan note instrument dated 11 March 2015, to extend
the final redemption date from 11 March 2020 to 11 March 2025.
In addition, the Company has agreed with Free Associations Books
Limited ("FAB"), the holder of the outstanding GBP100,000 of
convertible loan notes issued pursuant to a loan note instrument
dated 18 November 2015, to extend the final redemption date from 18
November 2020 to 18 November 2025.
Trevor Brown is a Director and 29.98% shareholder of IQ-AI and
FAB is a company with which he is connected.
The Directors of the Company accept responsibility for the
contents of this announcement.
**ENDS**
For further information please contact:
IQ-AI Limited
Qu Li/Trevor Brown/Vinod Kaushal
Tel: 020 7469 0930
Peterhouse Capital Limited (Financial Advisor and Broker)
Lucy Williams and Fungai Ndoro
Tel: 020 7220 9797
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 ("MAR").
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END
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