Highlights:
- Readmission today of the Company to the Official List (by way of a Standard Listing under Chapter 14 of the Listing Rules)
- Readmission to trading on the
- Acquisition of AI Codes for approximately £2.3 million in 12,921,346 Ordinary Shares in the Company at
- Appointment of
Background on Al Codes:
Al Codes is a specialist information technology software designer and developer focused on the e-commerce sector. Al Codes has two primary lines of business: an IT consultancy business, which provides customised software, web and app development for clients, and an e-commerce cashback solution, OCTAPLUS, which leverages proprietary data analytic tools, including artificial intelligence technology, for user targeting.
Dealing Codes:
TIDM / AIQ
ISIN / KYG0180A1022
SEDOL / BF5R710
LEI / 213800HDDO9LNNBAYH53
"Today marks a foundational milestone in AIQ's development as we complete the acquisition of Alchemist Codes. This transformational step establishes AIQ as an experienced IT solutions and services business as well as offering our own AI-based e-commerce solution, OCTAPLUS. Whilst it is a difficult time for business globally, the value of digital solutions is more apparent than ever. We are now focused on expanding the Alchemist Codes IT consultancy business as well as progressing the rollout of OCTAPLUS, which we believe will position us for growth both now and in the years ahead. We look forward to updating the market on our progress and delivering shareholder value, and we thank our shareholders for their continued support."
Capitalised terms used in this announcement are as defined in the Prospectus, unless the context otherwise requires. A copy of the Prospectus may be accessed at the following link: https://www.aiqhub.com/web/download/200318_ProjectAA_Prospectus.pdf
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(C) 2020 M2 COMMUNICATIONS, source