REG - Jade Road Investmnts - Operational Update

Jade Road InvestmentsAnnouncement

13/12/2023 07:15

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RNS Number : 5570W  Jade Road Investments Limited  13 December 2023

13 December 2023

 

JADE ROAD INVESTMENTS LIMITED

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

 

Operational Update

 

Jade Road Investments Limited (AIM: JADE), the London quoted company focused
on seeking the best risk-adjusted returns globally is pleased to provide the
Market with the following update regarding its current operations.

As part of its ongoing transition and pivot away from Asia including its
continuing efforts to dispose of its non-core assets, the Company is
considering strategic alternatives in relation to its whole legacy
portfolio.  These alternatives include the transfer of the legacy assets into
a special purpose vehicle, which would be owned by all Shareholders of the
Company in addition to their existing quoted shares in the Company.

Concurrently, the Company is in discussions with the holders of its Bond,
which matures on 31 December 2023 regarding the potential restructuring of its
terms, including an extension of its maturity.

In the meantime, significant progress has been made with the proposed sale of
Future Metal Holdings, and the Company expects to announce details of this in
due course.

The Company has sold 50% of its investment in the Heirloom Investment Fund SPC
- Heirloom Fixed Return Fund SP (the "Fund"), announced on 5 April 2023, for
US$ 235,000 in order to manage its short-term working capital requirements,
pending cash generation from its asset disposals.

 

John Croft, Executive Chairman commented: "We continue to deliver on our
strategy of providing investors exposure to the alternative assets sector
whilst disposing of our non-core legacy Asian assets which would allow more
cash to be invested into our new strategy."

 

 

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

 Jade Road Investments Limited           +44 (0) 778 531 5588
 John Croft

 WH Ireland Limited - Nominated Adviser  +44 (0) 20 7220 1666
 James Joyce
 Andrew de Andrade

 Hybridan LLP - Corporate Broker         +44 (0) 203 764 2341
 Claire Noyce

 

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