Jade Road Investments Limited Completion of the disposal of Legacy Assets

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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