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Share Name Share Symbol Market Type Share ISIN Share Description
Jade Road Investments Limited LSE:JADE London Ordinary Share VGG4S09E1053 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.25 4.0% 6.50 6.00 7.00 6.525 6.25 6.25 8,437 10:09:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 1.2 1.1 5.1 7

Jade Road Investments Flags Potential Provision in 2021 Accounts Over Convertible Bond; Shares Fall

17/12/2021 9:27am

Dow Jones News


Jade Road Investments (LSE:JADE)
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By Sabela Ojea

 

Shares in Jade Road Investments Ltd. on Friday fell after the company said it believes it will likely book either a partial or full provision in its 2021 accounts in relation to a $26.5 million convertible bond.

The London-listed investment vehicle said that it holds the bond in restaurant company Fook Lam Moon Holdings. The bond has a maturity of five years ending November 2023 and pays a coupon of 5.0% a year, it said.

"The company will also explore all legal options available to it under the convertible bond documentation if its rights to knowledge of and possible consents to a disposal of a controlling stake in the restaurant group have been breached and will consider all courses of action to protect its interest as more information comes to light," Jade Road Investments said.

Shares at 0836 GMT were down 4.00 pence, or 28%, at 10.50 pence.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

December 17, 2021 04:12 ET (09:12 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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