REG - Jade Road Investmnts - Strategic partnership with MBM Limited

Jade Road InvestmentsAnnouncement

16/08/2024 15:15

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RNS Number : 8150A  Jade Road Investments Limited  16 August 2024

Jade Road Investments Limited

16 August 2024

JADE ROAD INVESTMENTS LIMITED

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

Strategic partnership with MBM Limited

Jade Road Investments Limited (AIM: JADE) is pleased to announce that it has
entered into a strategic partnership with MBM Limited (MBM), pursuant to which
MBM will both make potential investment introductions to Jade as well as
providing it with new capital in the form of a convertible loan.

MBM provides comprehensive consultancy services designed to support companies
in various aspects of growth and investment, including fundraising, marketing,
deal sourcing, board strengthening and investor communication. With a
collective experience of over 70 years, the expert team at MBM works closely
with businesses, often taking equity stakes to align its performance with the
goals of company owners and shareholders. This hands-on approach ensures that
MBM not only delivers strategic guidance but also has a vested interest in the
success and sustainability of the businesses it supports, fostering a
collaborative environment that enhances overall performance and drives
long-term value.

Jade will constitute up to £300,000 in principal value of convertible loan
notes (CLN). The CLN is non-interest bearing, has a maturity of 10 months and
is convertible at either MBM or the Company's option into JADE shares at a
price which is 30% below the lowest closing bid price over the 30 business
days prior to the date on which either party notifies the other it wishes to
convert.  Subject to agreement with MBM, Jade will issue tranches of the CLN
to MBM, the first of which has been agreed in the sum of £80,000 and which
will be paid for by MBM within 30 days of MBM being issued the Commission
Shares referred to below.

MBM has agreed to take its commission for making successful investment
introductions to Jade and investing in the CLN in the form of Jade shares.
Accordingly, an initial 25,000,000 Jade shares have today been issued to MBM
(Commission Shares)

Further announcements will be made in regard to CLN drawdowns will be made in
due course.

The partnership is in its early stages, but initial discussions with several
founders and management of new investment opportunities have already begun,
each of whom are showing significant interest in partnering with the Company
and accepting Jade shares in exchange for stakes in their businesses.

Further announcements will be released to update on further tranches of the
CLN being issued to MBM as well as updates on target investment opportunities.

The board of Jade Road is excited about the prospects this partnership
presents and looks forward to providing further updates in the near future.

Application will be made to AIM for Admission, which is expected to become
effective and dealings in the initial tranche of 25,000,000 shares to commence
at, 8.00 a.m. on or around 19 August 2024.

Following Admission, the total voting rights in the Company will therefore be
380,545,330 and Shareholders will be able to use this figure as the
denominator by which they are required to notify their interest in, or change
to their interest in, the Company under the Disclosure Guidance and
Transparency Rules.

 

 

 

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

 

Hybridan LLP - Nominated Broker

 

+44 (0) 20 3764 2341

Claire Louise Noyce

 

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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