The latest update is out from Jade Road Investments Limited ( (GB:JADE) ).
Jade Road Investments Limited has announced the termination of Heirloom Investment Management LLC as its Investment Manager, following a strategic shift in the company. The directors will now assume the responsibilities previously held by Heirloom, aiming to reduce operating costs. To settle outstanding fees with Heirloom, Jade Road will pay £68,628 in cash over six months and issue 6,863,000 shares at a significant premium to the current share price. This move is expected to conserve cash resources and is considered fair and reasonable by the company’s advisers.
More about Jade Road Investments Limited
Jade Road Investments Limited is a London-quoted investment company that focuses on providing investors with exposure to alternative investments, aiming to offer higher returns and lower risk compared to traditional asset classes.
YTD Price Performance: 13.16%
Average Trading Volume: 1,178,031
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £818.2K
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