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Jade Road Investments Limited announced on 27 May 2025 that the £1 million subscription agreement with Verus Financial Services Limited, previously advised on 6 May 2025, has not yet closed. The subscription remains pending receipt of funds from Verus. The Company will provide a further update on the closing and admission date for new shares once funds have been received.
| Date | 27 May 2025 |
| Time | 16:01:50 |
| Category | Corporate updates |
| ID | 2825K |
JADE ROAD INVESTMENTS LIMITED
("Jade Road Investments", "JADE" or the "Company)
Subscription Agreement
Jade Road Investments Limited ("Jade Road" or the "Company"), an Investing Company quoted on AIM, advises that further to its announcement on 6 May 2025 regarding a subscription agreement with Verus Financial Services Limited ('Verus') for £1 million that the subscription has not yet closed pending receipt of funds. The Company has been in detailed discussions with Verus regarding the timing of the likely completion of their subscription and has received assurances that the funds will be remitted in the near future.
A further update on the closing and the admission date to Aim for the new shares will be provided once funds have been received.
For further information, please contact:
Jade Road Investments Limited
+44 (0) 778 531 5588
John Croft
Zeus - Nominated Adviser
+44 (0) 203 829 5000
James Joyce / Andrew de Andrade
Hybridan LLP - 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