REG - Jade Road Investmnts - Update on strategic partnership with MBM Limited

Jade Road InvestmentsAnnouncement

18/09/2024 08:30

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RNS Number : 6737E  Jade Road Investments Limited  18 September 2024

 

Jade Road Investments Limited

18 September 2024

JADE ROAD INVESTMENTS LIMITED

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

Update on strategic partnership with MBM Limited

Further to its announcement on 16 August 2024, Jade Road Investments Limited
(AIM: JADE) is pleased to announce that it has today constituted up to
£1,000,000 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
the option of noteholders or the Company 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.

Jade has today issued £80,000 in principal value of CLN to MBM, having
received such sum from MBM in the timeframe agreed with MBM under the terms of
the two firms' strategic partnership.

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

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

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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