JAYRIDE GROUP LIMITED — Major Shareholding Notification 2019

Nov 20, 2019

TIGA Trading Pty Ltd ABN 95 118 961 210

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone +613 9921 7116 Facsimile +613 9921 7100

21 November 2019

BY ASX ONLINE - 4 pages

Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY NSW 2000

Dear Sir/Madam,

Notice of initial substantial holder Jayride Group Limited [ASX:CXL]

Attached is a Form 603 Notice of initial substantial holder dated 21 November 2019 in accordance with section 671B of the Corporations Act 2001 (Cth) .

Yours sincerely,

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AVEE WAISLITZ Secretary

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To: company name/scheme JAYRIDE GROUP LIMITED ACN: 155 285 528

1. Details of substantial holder

Name

ACN (if applicable)

TIGA Trading Pty Ltd and each of the entities listed in the attached Annexure “A” to this notice.

118 961 210

The holder became a substantial holder on

20-Nov-19

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest in on the date the substantial holder became of substantial holder are as follows:

Class of Securities	Number of securities	Person’s votes	Voting power
Ordinary shares	5,000,000	5,000,000	5.26%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest	Number and class of securities
TIGA Trading Pty Ltd	Beneficial owner of voting shares	3,333,333 ordinary shares
Thorney Investment Group Australia Pty Ltd	By virtue of section 608 of the Corporations Act 2001	3,333,333 ordinary shares
Jamahjo Pty Ltd
Thorney Technologies Ltd	Beneficial owner of voting shares	1,666,667 ordinary shares
Thorney Investment Group	Deemed relevant interest by virtue of section 608(3) of the Corporations Act 2001 (and section 608(1) for Thorney Management Services Pty Ltd) in shares purchased by Thorney Technologies Ltd	1,666,667 ordinary shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder	Number and class of securities
TIGA Trading Pty Ltd	UBS Nominees Pty Ltd	TIGA Trading Pty Ltd	3,333,333 ordinary shares
Thorney Technologies Ltd	HSBC Custody Nominees (Australia) Ltd	Thorney Technologies Ltd	1,666,667 ordinary shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Cash consideration per share	Number and class of securities
TIGA Trading Pty Ltd	20-Nov-19	30 cents	3,333,333 ordinary shares
Thorney Technologies Ltd	20-Nov-19	$nil	1,666,667 ordinary shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name	Nature of association
Thorney Investment Group Australia Pty Ltd ACN 117 488 892	Thorney Investment Group Australia Pty Ltd is the registered holder of all the issued shares in TIGA Trading Pty Ltd
Jamahjo Pty Ltd ACN 117 488 696	Jamahjo Pty Ltd is the registered holder of all the issued shares in Thorney Investment Group Australia Pty Ltd
Thorney Technologies Ltd, ACN 096 782 188	Associate under section 12 of the Corporations Act for the purposes of this investment

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
TIGA Trading Pty Ltd ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000
Thorney Investment Group Australia Pty Ltd ACN 117 488 892	Level 39, 55 Collins Street, Melbourne 3000
Jamahjo Pty Ltd ACN 117 488 696	c/- TWF Partners, Ground Floor, 40 River Boulevard, Richmond 3121
Thorney Technologies Ltd, ACN 096 782 188	Level 39, 55 Collins Street, Melbourne 3000

Signature

Print name AVEE WAISLITZ Capacity SECRETARY Sign here Date 21 November 2019

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ANNEXURE ‘A’

This is Annexure A referred to in the Form 603 Notice of initial substantial holder signed by me and dated 21 November 2019.

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.........................................

AVEE WAISLITZ Secretary

SUBSTANTIAL HOLDERS - ENTITY DETAILS

Entity	Address
Jamahjo PtyLtd,ACN 117 488 696	c/- TWF Partners,Level 4,25 Claremont Street,South Yarra,3141
Thistle Custodians PtyLtd,ACN 078 027 193	Level 39,55 Collins Street,Melbourne 3000
Thistle Holdings PtyLtd,ACN 075 051 464	Level 39,55 Collins Street,Melbourne 3000
ThorneyAlpha PtyLtd,ACN 162 820 537	Level 39,55 Collins Street,Melbourne 3000
ThorneyBeta PtyLtd,ACN 162 828 677	Level 39,55 Collins Street,Melbourne 3000
ThorneyHoldings PtyLtd,ACN 006 262 835	Level 39,55 Collins Street,Melbourne 3000
ThorneyInternational PtyLtd,ACN 132 886 698	Level 39,55 Collins Street,Melbourne 3000
Thorney Investment Group Australia Pty Ltd, ACN 117 488 892	Level 39, 55 Collins Street, Melbourne 3000
ThorneyManagement Services PtyLtd,ACN 164 880 148	Level 39,55 Collins Street,Melbourne 3000
ThorneyOmega PtyLtd,ACN 163 964 636	Level 39,55 Collins Street,Melbourne 3000
TIGA PropertyPtyLtd,ACN 117 811 453	Level 39,55 Collins Street,Melbourne 3000
TIGA(Ballarat)PtyLtd,ACN 117 812 030	Level 39,55 Collins Street,Melbourne 3000
TIGA Finance PtyLtd,ACN 118 521 412	Level 39,55 Collins Street,Melbourne 3000
TIGA(Hawthorn)PtyLtd,ACN 126 952 663	Level 39,55 Collins Street,Melbourne 3000
TIGA Tails PtyLtd,ACN 080 534 416	Level 39,55 Collins Street,Melbourne 3000
TIGA TradingPtyLtd,ACN 118 961 210	Level 39,55 Collins Street,Melbourne 3000
ThorneyTechnologies Ltd	Level 39, 55 Collins Street, Melbourne 3000