Business
Strategic partnership with MBM Limited
Strategic partnership with MBM Limited.
About this update from Jade Road Investments Limited
[{"type":"text","content":"\n\nJade Road Investments Limited\n16 August 2024\nJADE ROAD INVESTMENTS LIMITED\n(\"Jade Road Investments\", \"JADE\" or the \"Company)\nStrategic partnership with MBM Limited\nJade Road Investments Limited (AIM: JADE) is pleased to announce that it has entered into a strategic partnership with MBM Limited (MBM), pursuant to which MBM will both make potential investment introductions to Jade as well as providing it with new capital in the form of a convertible loan.\nMBM provides comprehensive consultancy services designed to support companies in various aspects of growth and investment, including fundraising, marketing, deal sourcing, board strengthening and investor communication. With a collective experience of over 70 years, the expert team at MBM works closely with businesses, often taking equity stakes to align its performance with the goals of company owners and shareholders. This hands-on approach ensures that MBM not only delivers strategic guidance but also has a vested interest in the success and sustainability of the businesses it supports, fostering a collaborative environment that enhances overall performance and drives long-term value.\nJade will constitute up to £300,000 in principal value of convertible loan notes (CLN). The CLN is non-interest bearing, has a maturity of 10 months and is convertible at either MBM or the Company's option into JADE shares at a price which is 30% below the lowest closing bid price over the 30 business days prior to the date on which either party notifies the other it wishes to convert. Subject to agreement with MBM, Jade will issue tranches of the CLN to MBM, the first of which has been agreed in the sum of £80,000 and which will be paid for by MBM within 30 days of MBM being issued the Commission Shares referred to below.\nMBM has agreed to take its commission for making successful investment introductions to Jade and investing in the CLN in the form of Jade shares. Accordingly, an initial 25,000,000 Jade shares have today been issued to MBM (Commission Shares)\nFurther announcements will be made in regard to CLN drawdowns will be made in due course.\nThe partnership is in its early stages, but initial discussions with several founders and management of new investment opportunities have already begun, each of whom are showing significant interest in partnering with th...