Jade Road Investments Limited Completion of the disposal of Legacy Assets
29 Mai 2024 - 8:00AM
RNS Regulatory News
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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