Jade Road Investments Limited US Dollar-denominated corporate bonds (6921D)

TIDMJADE

RNS Number : 6921D

Jade Road Investments Limited

21 October 2022

21 October 2022

JADE ROAD INVESTMENTS LIMITED

(" Jade Road Investments ", " JADE ", the " Company " or the " Group ")

Jade Road Investments Limited (AIM: JADE), the London quoted pan-Asian diversified investment vehicle focused on providing shareholders with attractive uncorrelated, risk-adjusted long-term returns provides the following update concerning its US Dollar-denominated corporate bonds (the "Corporate Bond").

The Corporate Bonds issued by the Company on 21 October 2019 and 11 May 2020 totalling US$3.6 million have reached maturity and are now due for redemption.

The Company has not yet realised sufficient funds from its current program of legacy asset disposals to redeem these bonds at present. The Company is in discussions with the holders of its bonds with a view to either restructuring and/or extending their maturity date. In the interim, the Company is reliant on the forbearance of its bondholders while this matter is resolved.

The Company will provide an update in due course.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 Jade Road Investments Limited                [phone] 
 John Croft 
 
 WH Ireland Limited - Nominated 
  Adviser                                     [phone] 
 James Joyce 
 Andrew de Andrade 
 
 Hybridan LLP - Corporate Broker              [phone] 
 Claire Noyce 
 
 Lionsgate Communications - Communications 
  Adviser                                     [phone] 
 Jonathan Charles 
 
 

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.

About Jade Road Investments

Jade Road Investments Limited is quoted on the AIM Market of the London Stock Exchange and is committed to providing shareholders with attractive uncorrelated, risk-adjusted long-term returns from a combination of realising sustainable capital growth and delivering dividend income.

The Company is focused on providing growth capital and financing to emerging and established Small and Medium Enterprises (SME) sector throughout Asia, and is well-diversified by national geographies, instruments and asset classes. This vital segment of the economy is underserved by the traditional banking industry for regulatory and structural reasons.

The Company's investment manager, Harmony Capital, seeks to capitalise on its team's established investment expertise and broad networks across Asia. Through rigorous diligence and disciplined risk management, Harmony Capital is dedicated to delivering attractive income and capital growth for shareholders with significant downside protection through selectively investing in assets and proactively managing them.

Harmony Capital is predominately sourcing private opportunities and continues to create a strong pipeline of attractive income-generating assets from potential investments in growth sectors across Asia, including healthcare, fintech, hospitality, IT and property.

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October 21, 2022 02:42 ET (06:42 GMT)