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Aquis Stock Exchange: Application Announcement for Admission to the AQSE Growth Market

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Aquis Stock Exchange
Aquis Stock Exchange: Application Announcement for Admission to the AQSE Growth Market
25-Jul-2022 / 07:00 GMT/BST

 

 

ANNOUNCEMENT OF APPLICATION FOR ADMISSION TO THE AQSE GROWTH MARKET

 

 

APPLICANT NAME: Inteliqo Limited

 

Inteliqo Limited

 

APPLICANT REGISTERED OFFICE, PRINCIPLE PLACE OF BUSINESS (IF DIFFERENT) AND TELEPHONE NUMBER:

 

Dixcart House                       Phone Number: +44 0330 0438602

Sir Williams Place 

St Peter Port 

Guernsey 

GY1 1GX 

 

DIRECTORS AND PROPOSED DIRECTORS (IF APPLICABLE):

 

  • Michael Joseph Hill, (Joe Hill) - Chief Executive Officer / Director.

  • Raymond Matthew Smart, (Ray Smart) - Finance Director.

  • Alister Bruce Watterson, (Bruce Watterson) - Independent Non-Executive Director.

  • Joseph Michael Truelove, (Joseph Truelove) - Independent Non-Executive Director.

 

 

APPLICANT SECTOR:

Technology Hardware and Equipment

 

DESCRIPTION OF THE APPLICANT AND ITS ACTIVITIES:

Inteliqo Limited (or “The Company) was incorporated in Guernsey on 3 May 2022, with company number 70594, and for the purpose of operating as a sales, marketing and distribution provider of certain technology focused hardware products. 

The Company is a start-up technology company that provides sales, marketing and distribution services to technology product owners under long-term distribution agreements. The Company has agreed its first such agreement in respect of the Ipedia iQ product range. The iQ product is a smart translation earphone (earbuds) system which offers integrated real time speech translation in 42 languages, built in smart assist (google and siri), multiple built-in microphones and high-definition sound.

Currently, the principal activity of the Company is to market, sell and distribute the Ipedia technology products but the Board intends to strategically expand the Company’s product suite over time through distribution agreements with other product providers. The Company generates income from the sales of such products which, under the terms of its distribution agreements, then shares a proportion of such income with the product owners.

NAME OF AQSE CORPORATE ADVISER:

First Sentinel Corporate Finance Limited

NUMBER, CLASS AND PAR VALUE OF SECURITIES TO BE ADMITTED:

112,500,000 Ordinary Shares of £0.01 each.

SECURITIES IN PUBLIC HANDS AS A PERCENTAGE OF THE TOTAL NUMBER OF SECURITIES IN ISSUE (excluding securities held in treasury):

10%

SHAREHOLDERS HOLDING MORE THAN FIVE PER CENT OF THE APPLICANT’S SHARE CAPITAL OR VOTING RIGHTS PRE- AND POST-ADMISSION:

 

Name

Currents Shares

Current %

Shares on Admission

Expected % on Admission

HKML Limited

7,312,500

6.64%

7,312,500

6.50%

Foki Holdings Limited

6,750,000

6.13%

6,750,000

6.00%

Khaleel Alawadi

87,187,500

79.17%

87,187,500

77.50%

 

 

TIMETABLE FOR ANY OFFER OF TRANSFERABLE SECURITIES TO THE PUBLIC:

N/A

THE EXPECTED ADMISSION DATE:

05 August 2022

WEBSITE ADDRESS WHERE INVESTOR INFORMATION WILL BE AVAILABLE FOR INSPECTION:

 

www.inteliqo.com

 

 

In respect of a fast-track applicant, the following information should also be included:

 

NAME OF MARKET ON WHICH THE APPLICANT’S SECURITIES ARE CURRENTLY TRADED:

 

ARRANGEMENTS FOR THE SETTLEMENT OF TRANSACTIONS IN THE APPLICANT’S SECURITIES:

 

DETAILS OF ANY LOCK-IN ARRANGEMENTS:

 

DETAILS OF THE LEGAL OR REGULATORY REQUIREMENTS IN THE APPLICANT’S HOME COUNTRY REGARDING THE CONDUCT OF TAKEOVERS AND THE ACQUISITION OF SIGNIFICANT VOTING RIGHTS TO WHICH THE APPLICANT IS SUBJECT:

 

 

In respect of an update to a prior application announcement, the date of the original announcement should also be disclosed as follows:

 

UPDATE TO A PRIOR APPLICATION ANNOUNCEMENT RELEASED ON:

N/A

 


Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

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