JAYRIDE GROUP LIMITED — Major Shareholding Notification 2019

Nov 20, 2019

THORNEY TECHNOLOGIES LTD
ABN: 66 096 782 188

CROSS RELEASE ASX: JAY

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:JAY]

Following is a Form 603 Notice ofinitial substantial holder dated 21
November 2019 in accordance with section 671B of the Corporations Act
2001.

Yours sincerely,

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CRAIG SMITH ACIS, CPA Secretary

Level 39, 55 Collins Street, Melbourne Vic 3000
Telephone + 61 3 9921 7116   Facsimile + 61 3 9921 7100

Form 603

Corporations Act 2001
Section 671B

Notice of initial substantial holder

To: company name/schemeJAYRIDE GROUP LIMITED

ABN: 49 155 285 528

1. Details of substantial holder

Name	Thorney Technologies Ltdand each of the entities listed in the attached Annexure ‘A’ to this notice.
ACN (if applicable)	096 782 188

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
	Thorney Technologies Ltd	Beneficial owner of voting shares	1,666,667 ordinary shares
	Associates:
	Thorney Investment Group	Beneficial owner of voting shares	3,333,333 ordinary shares
		Deemed relevant interest in shares held by Thorney Technologies Ltd by virtue of section 608(3)(b) of the Corporations Act 2001	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
Thorney Technologies Ltd	HSBC Custody Nominees (Australia) Ltd	Thorney Technologies Ltd	1,666,667 ordinary shares
Thorney Investment Group	HSBC Custody Nominees (Australia) Ltd	Thorney Technologies Ltd	1,666,667 ordinary shares
	UBS Nominees Pty Ltd	TIGA Trading Pty Ltd	3,333,333 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	Number and class of securities
Thorney Technologies Ltd	20-Nov-19	30 cents per share	1,666,667 ordinary shares
Thorney Investment Group		$nil
Thorney Investment Group	20-Nov-19	$nil	3,333,333 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
Refer associated entities details in Annexure A	Under the Corporations Act 2001 the entities listed in Annexure A are deemed associates of Thorney Technologies Ltd in relation to the investment in Jayride Group Limited.

7. Addresses

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

Name	Address
Thorney Technologies Ltd	Level 39, 55 Collins Street, Melbourne 3000
Associated entities	Refer Annexure ‘A’

Signature
Print name CRAIGSMITH CapacitySECRETARY
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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.........................................

CRAIG SMITH
Secretary

ASSOCIATED ENTITIES DETAILS

	Entity	Address
	Thorney Investment Group
	Jamahjo Pty Ltd, ACN 117 488 696	c/- TWF Partners, Ground Floor, 40 River Boulevard, Richmond, 3121
	Thistle Custodians Pty Ltd, ACN 078 027 193	Level 39, 55 Collins Street, Melbourne 3000
	Thistle Holdings Pty Ltd, ACN 075 051 464	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Alpha Pty Ltd, ACN 162 820 537	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Beta Pty Ltd, ACN 162 828 677	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Holdings Pty Ltd, ACN 006 262 835	Level 39, 55 Collins Street, Melbourne 3000
	Thorney International Pty Ltd, 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
	Thorney Management Services Pty Ltd, ACN 164 880 148	Level 39, 55 Collins Street, Melbourne 3000
	Thorney Omega Pty Ltd, ACN 163 964 636	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Property Pty Ltd, ACN 117 811 453	Level 39, 55 Collins Street, Melbourne 3000
	Tiga (Ballarat) Pty Ltd, ACN 117 812 030	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Finance Pty Ltd, ACN 118 521 412	Level 39, 55 Collins Street, Melbourne 3000
	Tiga (Hawthorn) Pty Ltd, ACN 126 952 663	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Tails Pty Ltd, ACN 080 534 416	Level 39, 55 Collins Street, Melbourne 3000
	Tiga Trading Pty Ltd, ACN 118 961 210	Level 39, 55 Collins Street, Melbourne 3000