REG - Jade Road Investmnts - Investment Commitment, Equity Fundraising and CLN

Jade Road InvestmentsAnnouncement

07/02/2025 12:45

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RNS Number : 3855W  Jade Road Investments Limited  07 February 2025

 

JADE ROAD INVESTMENTS LIMITED

("Jade Road Investments", "JADE" or the "Company)

Investment Commitment, Equity Fundraising and Convertible Loan Notes Issuance

Jade Road Investments Limited (AIM:JADE), the London quoted investment company
that looks to provide investors exposure to alternative investments which aim
to offer higher returns and lower risk than traditional asset classes, is
pleased to announce it has today entered into an investment commitment with
Woollard & Hall Ltd ("WH"), a company incorporated in England and Wales
("Commitment Letter") pursuant to which the Company commits, subject to the
satisfaction of certain conditions, to invest in (a) Unique Property
Investment Group Ltd; and (b) WestOne Capital Group Ltd (together, the "Target
Companies").  The Target Companies target high-yield, secure investment
opportunities in real estate including the assisted living sector in the UK
and strong high-end real estate markets Internationally. WH is a strategic
partner of the Target Companies and the parties (including the Company) have
agreed to combine their diversified investment strategies together and
structure their investment model through the Company. The Company's commitment
to make such investments is conditional on, amongst others, (1) completion of
the Fundraising (as defined below) (which may complete in tranches and the
Company will only make the investments upon relevant tranches of the
Fundraising completing); (2) satisfactory legal and financial due diligence
being conducted in relation to the proposed investments; and (3) compliance
with the AIM Rules including being in compliance with the Company's investing
policy.

 

Any new investments will act as a catalyst to repositioning JADE's investment
focus into a diversified property portfolio.

 

In light of the agreement reached with WH, the Company is seeking to undertake
a new round of equity fundraising, (the "Fundraising") and which may complete
in a number of tranches. It is expected that new ordinary shares to be issued
in relation to initial tranches of the Fundraising will be issued pursuant to
the general authority granted to the directors of the Company in the last
annual general meeting.

 

As a precursor to the Fundraising,  the Company has today constituted up to
£250,000 of zero coupon unsecured convertible loan notes, convertible into
ordinary shares in the capital of the Company, with a maturity of 12 months
and a conversion price of 1p ("Convertible Loan Notes") which represents a
significant premium to JADE's current share price, and pursuant to a
subscription agreement entered into today between the Company and WH, the
Company has conditionally agreed to issue to WH £250,000 in principal value
of Convertible Loan Notes, which are convertible to ordinary shares of the
Company at the option of either the Company or WH within a 12-month period
from the date of issuance.

 

As a result of the proposed change in direction the Company no longer proposes
to seek any further convertible loan issuance via its previously announced
partnership with MBM Limited.

 

Further announcements will be released to update on further tranches of the
Fundraising completing as well as updates on target investment opportunities.

 

John Croft, Chairman of JADE commented:

"We are delighted to be working with the WH Group providing a platform to
deliver their vision of investing in high-yielding and secure investment
opportunities in the UK real estate sector.

 

 

 

 

For further information, please contact:

 

Jade Road Investments Limited

 

+44 (0) 778 531 5588

John Croft

 

Zeus Capital Limited - Nominated Adviser

 

+44 (0) 203 829 5000

James Joyce / Andrew de Andrade

 

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain

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