REG - Jade Road Investmts. - Subscription Agreement

Jade Road InvestmentsAnnouncement

Mon 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250428:nRSb3657Ga&default-theme=true

RNS Number : 3657G  Jade Road Investments Limited  28 April 2025

 

JADE ROAD INVESTMENTS LIMITED

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

Subscription Agreement

 

Jade Road Investments Limited ("Jade Road" or the "Company"), an Investing
Company quoted on AIM is pleased to announce that it has entered into a
subscription agreement with Verus Financial Services Limited ('Verus') for £1
million through the subscription for 100,000,000 new shares priced at 1p
representing 72.19% of the Company's enlarged issued share capital following
the issue of shares ("Subscription").

 

The Company intends to use proceeds to make investments in line with its
investing strategy.

 

The Company looks forward to updating the market on further developments and
target investment pipeline in due course.

 

Verus is an independent financial adviser authorised and regulated by the
Financial Conduct Authority which is ultimately owned by Mr Christopher
Doran.  Verus is making the Subscription on behalf of its underlying clients,
none of whom will beneficially own more than 30% of the Company's enlarged
share capital upon completion of the Subscription.

 

Application will be made to AIM for the admission of the 100,000,000
subscription shares which is expected to become effective and dealings to
commence on or around 2 May 2025.

 

Following Admission, the total voting rights in the Company will be
138,522,365 and shareholders will be able to use this figure as the
denominator by which they are required to notify their interest in, or change
in 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 - Nominated Adviser

 

+44 (0) 203 829 5000

James Joyce / Andrew de Andrade

 

Hybridan LLP - 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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGRPKOBQFBKDDQB