Completion of the disposal of Legacy Assets
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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