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Careteq Limited (ASX:CTQ)

ALERT: Price-sensitive ASX Announcement for CTQ
Current share price for CTQ : $0.013 0 (0%)+
Announcement
Release
6 May 2026 8:45AM
Price at Release
$0.013
Full Release
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Summary
Careteq Limited has announced the full repayment of working capital loans provided by its directors and company secretary. The total principal of A$125,000, which accrued interest at 12% per annum, was repaid approximately one month before its original maturity date of 4 June 2026. These repayments were funded from the proceeds of a recently completed capital raising, indicating a strengthened balance sheet and removing related-party indebtedness. The convertible note issued to Mr. Antanas Guoga is unaffected by these repayments. The Board regards the early settlement of these loans as an appropriate use of funds and on arm's length commercial terms.
Key Points
  • Careteq Limited has fully repaid working capital loans provided by its directors and company secretary.
  • The total loan principal was A$125,000 with an interest rate of 12% per annum.
  • The repayments were made approximately one month before the original maturity date of 4 June 2026.
  • Repayments were funded from the proceeds of a recent capital raising by Careteq Limited.
  • The convertible note issued to Mr. Antanas Guoga remains unaffected by these repayments.
  • Early loan repayment reflects a strengthened balance sheet and removes related-party indebtedness.
  • The interest paid was considered to be on arm's length commercial terms.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.