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LONDON - Amazing AI plc (AQSE:AAI) has amended its loan agreement with director Paul Mathieson, increasing the maximum facility amount from £2 million to £5 million effective July 1, 2025, according to a press release statement issued Tuesday.
The company also announced it drew down £100,000 from the facility on Monday to fund its business plan and for general working capital purposes.
The original loan agreement was established on May 6, 2025, with no other terms being modified in this amendment.
As Mathieson serves as a director of Amazing AI, the transaction constitutes a related party transaction under the AQSE Growth Market Access Rulebook. The company’s independent directors have confirmed that the transaction is fair and reasonable for shareholders after exercising "reasonable care, skill and diligence."
Amazing AI describes itself as a global fintech group specializing in online consumer loans.
The announcement was classified as containing inside information for UK Market Abuse Regulation purposes, with the company’s directors accepting responsibility for the contents of the statement.
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