REG - Jade Road Investmnts - Completion of the disposal of Legacy Assets

Jade Road InvestmentsAnnouncement

29/05/2024 07:00

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RNS Number : 1691Q  Jade Road Investments Limited  29 May 2024

Jade Road Investments Limited

29 May 2024

JADE ROAD INVESTMENTS LIMITED

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

Completion of the disposal of Legacy Assets

 

Following the Company's announcement on 13 May 2024, Jade Road is pleased to
confirm that (i) completion of the disposal of the Legacy Assets to Eastern
Champion Limited ("Eastern") has occurred, (ii) qualifying Shareholders have
been issued with shares in Eastern by way of the In Specie Dividend, and (iii)
Noteholders have had their Jade Road Loan Notes replaced with the Eastern Loan
Notes.

As a result of the above transactions, JADE is now a vehicle looking to
acquire a business via a reverse takeover. Discussions are continuing with a
number of parties on this plan.

Capitalised terms used in this announcement have the same meaning given to
them in the Company's RNS announcement dated 13 May 2024.

 

 

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

 

Hybridan LLP - Nominated Broker

 

+44 (0) 20 3764 2341

 

Claire Louise Noyce

 

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