IQ-AI Limited Director Dealings and Conversion of CLNs (6148Z)
15 Janeiro 2024 - 4:01AM
UK Regulatory
TIDMIQAI
RNS Number : 6148Z
IQ-AI Limited
15 January 2024
IQ-AI Ltd
("IQ-AI" or the "Company")
Director Dealings and Conversion of Convertible Loan Notes
IQ-AI Ltd has received convertible loan note conversion notices
from Trevor Brown, the CEO of IQ-AI, and Micheal Schmainda, a
director of IQ-AI. Trevor Brown is converting a total of GBP60,000
convertible loan notes and associated interest, issued in May 2019,
at a price of 1.5 pence, into 5,111,233 Ordinary Shares. Michael
Schmainda is converting a total of GBP18,5 00 convertible loan
notes and associated interest, issued in March 2019, at a price of
2 pence, into 1,193,681 Ordinary Shares which will be issued to his
wife, Kathleen Schmainda (together the " CLN Shares ").
Following the above transactions, Trevor Brown will hold
45,761,083 Ordinary Shares, representing approximately 23.23 per
cent. of the Company's enlarged issued share capital. In addition,
Kathleen Schmai nda, who is also a consultant and existing
shareholder in IQ-AI, will hold 10,302,081 Ordinary Shares,
representing approximately 5.23 per cent. of the Company's enlarged
issued share capital.
IQ-AI has no outstanding convertible loan notes following the
above conversions.
An application will be made for 6,304,914 CLN Shares to be
admitted to the Official List of the UK Listing Authority by way of
a Standard Listing ("Admission") and it is expected that Admission
will become effective and that dealing in the CLN Shares will
commence on or around 8am on 19 January 2024. The CLN Shares will
rank pari passu with the existing ordinary shares of the
Company.
Following Admission, the Company will have 196,976,456 ordinary
shares of 0.01p each in issue, none of which are held in treasury.
Therefore, the total number of voting rights in the Company will be
196,976,456.
The above figure of 196,976,456 may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
--ENDS-
The Directors of the Company accept responsibility for the
contents of this announcement.
For further information, please contact:
IQ-AI Ltd
Trevor Brown/Vinod Kaushal/Brett Skelly/Michael Schmainda
Tel: 020 7469 0930
Peterhouse Capital Limited (Financial Adviser and Broker)
Lucy Williams/Heena Karani
Tel: 020 7220 9797
About Imaging Biometrics(R) LLC : IB is a wholly owned
subsidiary of IQ-AI Limited, (LON: IQAI), and focuses on delivering
quantitative imaging platforms and therapeutics that transform how
clinicians diagnose and treat patients more efficiently and
effectively. For more information about Imaging Biometrics, visit
the company's website at www.imagingbiometrics.com . Follow IB on
Twitter, @IQAI_IB.
PDMR DEALINGS
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely associated
with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
----------------------------------------------------------------------
a) Name Trevor Brown
------------------------ --------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status CEO
------------------------ --------------------------------------------
b) Initial notification Initial
/Amendment
------------------------ --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name IQ-AI Ltd
------------------------ --------------------------------------------
b) LEI 213800SPW48XRJS2QH57
------------------------ --------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------
a) Description Ordinary Shares of GBP0.01 each
of the financial
instrument,
type of instrument
Identification ISIN: JE00BD4H0R42
code
------------------------ --------------------------------------------
b) Nature of the Conversion of convertible loan notes
transaction
------------------------ --------------------------------------------
c) Price(s) and Exercise price of each convertible loan
volume(s) note :1.5p
Volume: 5,111,233
------------------------ --------------------------------------------
d) Aggregated
information
- Aggregated
volume
- Price
------------------------ --------------------------------------------
e) Date of the 15 January 2024
transaction
------------------------ --------------------------------------------
f) Place of the Main Market
transaction
------------------------ --------------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely associated
with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
----------------------------------------------------------------------
a) Name Michael Schmainda
------------------------ --------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------
a) Position/status Director
------------------------ --------------------------------------------
b) Initial notification Initial
/Amendment
------------------------ --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name IQ-AI Ltd
------------------------ --------------------------------------------
b) LEI 213800SPW48XRJS2QH57
------------------------ --------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------------
a) Description Ordinary Shares of GBP0.01 each
of the financial
instrument,
type of instrument
Identification ISIN: JE00BD4H0R42
code
------------------------ --------------------------------------------
b) Nature of the Conversion of convertible loan notes
transaction
------------------------ --------------------------------------------
c) Price(s) and Exercise price of each convertible loan
volume(s) note :2p
Volume: 1,193,681
------------------------ --------------------------------------------
d) Aggregated
information
- Aggregated
volume
- Price
------------------------ --------------------------------------------
e) Date of the 15 January 2024
transaction
------------------------ --------------------------------------------
f) Place of the Main Market
transaction
------------------------ --------------------------------------------
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END
DSHFFFSLLIISLIS
(END) Dow Jones Newswires
January 15, 2024 02:01 ET (07:01 GMT)
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