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IQ-AI Limited (IQAI)

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Friday 17 May, 2019

IQ-AI Limited

Extension of Loan Notes Redemption Date

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 £18,750 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 £100,000 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").


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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