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RNS Number : 2559S Jade Road Investments Limited $ 09 February 2026
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.
Jade Road Investments Limited
9 February 2026
JADE ROAD INVESTMENTS LIMITED
("Jade Road Investments", "JADE" or the "Company")
Equity Subscription and Restoration of Trading
Further to the Company's announcement on 30 January 2026, the board of
directors of Jade Road Investments is pleased to confirm the completion of an
equity fundraising from independent investors, raising gross proceeds for the
Company of USD 8.35 million (approximately GBP 6.1 million) at an issue price
of USD 1.00 per share ("Preliminary Fundraising"). A further amount of USD
0.25 million is expected to complete shortly and the Company will update on
that in due course.
Consequently, as the Company has met the requirement to raise a minimum of GBP
6.0 million of new equity funds from independent shareholders, pursuant to
Rule 8 of the AIM Rules, trading of the Company's shares is to be restored
today.
As previously announced, the Company is seeking to raise further material new
investment of a minimum of USD 100 million and capped at USD 150 million,
comprising cash and/or in-kind investments, in a first phase to pursue
investment opportunities in accordance with the Company's investing policy
("First Phase Fundraising").
Discussions with interested parties that are significant holders of late-stage
private tech companies are ongoing for in-kind contributions.
Whilst there can be no certainty regarding its completion, this First Phase
Fundraising targets to issue shares at the same price as the Preliminary
Fundraising of USD 1.00 per share.
The Company will provide a further update regarding the First Phase
Fundraising when and if necessary.
Admission and Total Voting Rights
Application will be made to AIM for 8,350,000 new ordinary
shares ("Preliminary Fundraising Shares") to be admitted to trading on
AIM as well as the 25,000 shares subject to the conversion notice as
announced on 23 December 2025. It is expected that dealings in the Preliminary
Fundraising Shares and the CLN shares will commence on or around 13 February
2026.
In accordance with the provision of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, following
the issue of the Preliminary Fundraising Shares, its issued ordinary share
capital will comprise 10,760,193 ordinary shares. All the ordinary shares have
equal voting rights. The above figure may be used by shareholders as the
denominator for the calculations to determine if they are required to notify
their interests in, or change to their interest in, the Company.
For further information, please contact:
Jade Road Investments Limited
+44 (0) 778 531 5588
John Croft
Zeus - Nominated Adviser & Broker
+44 (0) 203 829 5000
James Joyce
Andrew de Andrade
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