Repayment of Loans

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Stock Careteq Ltd (CTQ.ASX)
Release Time 6 May 2026, 8:45 a.m.
Price Sensitive Yes
 Careteq Repays Director and Company Secretary Loans
Key Points
  • All director and company secretary loans, totalling A$125,000, have been fully repaid
  • Repayments include capitalised interest accrued at 12% per annum
  • Loans repaid approximately one month prior to their contractual maturity
Full Summary

Careteq Limited (ASX: CTQ), a clinical healthtech company specialising in innovative solutions for the home care and disability sector, has announced the repayment of all director and company secretary loans, totalling A$125,000 in principal. The loans, which were entered into in June 2025 to support the company's working capital position, accrued interest at 12% per annum and were due for repayment on 4 June 2026. Careteq has now repaid the loans, including the capitalised interest, approximately one month ahead of their contractual maturity. The repayments were funded from the proceeds of the company's recently completed two-tranche placement to institutional and sophisticated investors. The Board considers the early settlement of these related-party loans an appropriate use of a portion of the placement proceeds, removing the related-party indebtedness from the company's balance sheet ahead of maturity and reinforcing alignment between the Board and shareholders. The balance of the placement proceeds will continue to be applied in accordance with the use-of-funds disclosure made to the market on 10 March 2026, including project acquisitions and general working capital purposes.