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.