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JAYRIDE GROUP LIMITED — Capital/Financing Update 2025
Mar 12, 2025
65156_rns_2025-03-12_c45614f1-b387-4d72-8385-9cee1f84fb8c.pdf
Capital/Financing Update
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ASX RELEASE 13 MARCH 2025
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Extension of Entitlement Offer Closing Date
Jayride Group Limited (ASX: JAY) (the Company or Jayride) refers to the Company’s partially underwritten renounceable entitlement offer (Entitlement Offer), the opening of which was announced on ASX on 4 March 2025, together with the lodgement of an offer booklet in relation to the Entitlement Offer (Offer Booklet).
The Entitlement Offer is a 6 for 1 pro rata renounceable entitlement offer of new fully paid ordinary shares in the Company at an issue price of $0.003 each to raise up to approximately A$4.3 million (before costs).
Capitalised terms not defined in this notice have the meaning given to them in the Offer Booklet.
To provide additional time and opportunity for Eligible Shareholders to participate in the Entitlement Offer, the Company has decided to extend the closing date for the Entitlement Offer to Friday, 21 March 2025.
The amended timetable for the balance of the Entitlement Offer is provided below.
| Event | Date |
|---|---|
| Last day to extend Entitlement Offer closing date | Before 12.00pm (AEDT) on |
| Tuesday, 18 March 2025 | |
| Entitlement Offer closes | 5:00pm (AEDT) on Friday, |
| 21 March 2025 | |
| Results of Entitlement Offer announced to ASX | Wednesday, 26 March 2025 |
| Issue of New Shares under the Entitlement Offer | Before 12.00pm (AEDT) on |
| Lodgement of Appendix 2A with ASX | Friday, 28 March 2025 |
The timetable is indicative only and subject to change. Subject to the Corporations Act and the ASX Listing Rules, the Directors of the Company reserve the right to vary these dates, including the closing date of the Entitlement Offer, without prior notice. The Directors also reserve the right not to proceed with the whole or part of the Entitlement Offer at any time prior to allotment.
It is important that Eligible Shareholders read the Offer Booklet carefully before deciding whether to participate in the Entitlement Offer and seek advice from their financial or other suitably qualified professional adviser if they have any queries.
ENDS
This announcement has been approved by the Company Secretary of Jayride Group Limited.
For further information, please contact:
Jayride Group Limited
Reign Advisory Pty Ltd e: [email protected] p: +61 2 9174 5388
Jayride Group Limited (ASX: JAY) ACN: 155 285 528 jayride.com
ASX RELEASE 13 MARCH 2025
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About Jayride Group Limited (ASX:JAY)
Jayride Group is a leading publicly listed online travel marketplace for airport transfers, where travellers compare and book rides around the world. With Jayride, travellers can compare and book with 3,700+ ride service companies, servicing 1,600+ airports in 110+ countries around the world which cover 95% of world airport trips, including across the Americas, Europe, Middle East, Africa, Asia and the Pacific.
The Jayride platform aggregates ride service companies and distributes them to travellers at Jayride.com, AirportShuttles.com, and via travel brand partners including other technology platforms, online travel agencies, travel management companies, and wholesalers. These travel brands implement Jayride APIs to sell door-to-door ride services that build traveller confidence and grow their core travel business.
Founded in 2012, Jayride Group is a global company incorporated in Australia and listed on the Australian Securities Exchange (ASX:JAY). For more information, please visit www.jayride.com
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