Loan Facility Increase, Loan Drawdown and RPT

Amazing AI PLC

17 June 2025

 

17 June 2025

Amazing AI plc

("AAI", the "Company" or the "Group")

Loan Facility Increase, Loan Drawdown and Related Party Transaction

Amazing AI plc (AQSE: AAI) - 17 June 2025: AAI, a global fintech group specialising in online consumer loans, announced that it has amended the terms of the Loan Agreement with Paul Mathieson, announced on 6 May 2025 ("Loan Agreement") and has increased the maximum amount of the loan facility from up to £2 million to up to £5 million, effective 1 July 2025.

Further to the above, AAI announces that on 16 June 2025, pursuant to the Loan Agreement, it made a drawdown of £100,000 in cash from the loan facility to fund the Company's business plan and for general working capital purposes.

There are no other changes to the Loan Agreement terms.

Paul Mathieson is a "Related Party" as defined under the AQSE Growth Market Access Rulebook as a result of being a director of the Company. The amendment to the Loan Agreement therefore constitutes a related party transaction for the purposes of Rule 4.6 of the AQSE Growth Market Access Rulebook (the "Transaction"). The Directors of AAI independent of the Transaction confirm that, having exercised reasonable care, skill and diligence, the related party transaction is fair and reasonable insofar as the shareholders of AAI are concerned.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company accept responsibility for the contents of this announcement.

Enquiries:

Amazing AI plc
Paul Mathieson - Chief Executive Officer	[e-mail]
Cairn Financial Advisers LLP (AAI AQSE Corporate Adviser)
Ludovico Lazzaretti	[phone]
Jo Turner
Oberon Capital (AAI Corporate Broker)
Adam Pollock Nick Lovering Jessica Cave	[phone]
Professional/institutional investors can contact Oberon Capital on [e-mail]

About Amazing AI plc

Amazing AI plc (AAI) is an AI driven, consumer finance fintech innovator that leverages its regulated licensed lending and collections operations, experience and network to distribute best-of-breed AI finance related services globally, specifically focused on lending, collections and debt financing services. AAI operates under the consumer brand Mr. Amazing Loans in the United States with state consumer lending licenses/certificates of authority and an established track-record of lending, collections and regulatory compliance for over 14 years. AAI intends to investigate further utilisation of AI in its own US consumer lending operational processes and seek additional strategic collaborations, joint ventures and acquisitions in the AI sector globally, including in AI deception detection services to increase underwriting and collections performance. AAI also plans to investigate the potential to conduct its own enhanced product/service development, territory customisation and new service initiatives.

For more information please visit: www.investmentevolution.com/investors  

Caution Regarding Forward Looking Statements

Certain statements made in this announcement are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions are intended to identify forward-looking statements. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances, or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

 

END