Ann: Capital Raising , page-16

From the announcement: Impress currently has a loan facility in place with the Smith Group of companies (Smith Group), a
group associated with Company Chairman Mr Eddie Smith, for an amount up to $3.5 million.

So Sir Eddie borrowed money from Mr Eddie and now postponed the repayment for a small fee $15K payable to Sir Eddie. Great. And make no mistake - even those $15K will be funded not by ITC (sorry , by Mr Eddie), but by shareholders through capital raising.