AIQ Secures £100,000 Loan from Executive Director
Why we think this is neutral
The loan agreement provides additional working capital for AIQ, which is positive. However, the RNS lacks details on the financial impact and execution risk, resulting in a neutral sentiment.
Key Points
- AIQ has secured a £100,000 interest-free, unsecured loan from an Executive Director
- The loan will be used for working capital purposes
- The loan agreement is deemed a related party transaction and has been considered fair and reasonable by the Independent Non-Executive Chairman and Non-Executive Director
Summary
The software company has secured a £100,000 interest-free loan from an executive director to be used for working capital purposes.
AIQ Limited (LSE: AIQ) has entered into a loan agreement with Li Chun Chung, an Executive Director of the Company, for an interest-free, unsecured loan of £100,000. The monies will be used by the Company for working capital purposes. The loan is deemed to be a related party transaction and has been considered fair and reasonable by the Independent Non-Executive Chairman and Non-Executive Director.
CONTRACT WIN