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JAYRIDE GROUP LIMITED (JAY)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

Shareholder links

Our website ranking of JAY: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Melbourne
Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000JAY4
Address: Level 10 Suite 1005 4 Bridge Street Sydney NSW 2000


Date first listed: 29/01/2018

Sector: Retailing 
Activities: Jayride aggregates airport transfer companies and distributes them to travellers at Jayride.com; and via partnerships with other travel technology platforms, travel agencies and wholesalers

News & Events

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The suspension of trading in the securities of Jayride Group Limited will be lifted immediately following the release by JAY of an announcement regarding a corporate restructuring and renounceable entitlement offer.

24/02/2025

The company has announced a pro-rata renounceable entitlement offer to raise $4.3 million. Eligible shareholders will subscribe for 6 new shares for every 1 existing share, with an issue price of $0.003 per share.

24/02/2025

The company is undergoing a corporate restructuring and financing to set a new phase of growth. The restructuring includes a partially underwritten entitlement offer to raise up to $4.3 million, a revitalized board, and a simplified capital structure. The offer will also focus on improving supplier relationships.

24/02/2025

The securities of Jayride Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of JAY, pending the release of an announcement regarding a material financing and corporate update.

20/02/2025

The suspension of trading in the securities of Jayride Group Limited will be lifted immediately following the release by JAY of an announcement regarding the outcome of a capital raising.

28/09/2023

The company releases a cleansing notice for its entitlement offer.

28/09/2023

The company releases a notice of proposed issue of securities.

28/09/2023

$400,000 in capital raised in the placement to a new institutional investor who also has partially underwritten the entitlement offer. $2.2 million entitlement offer to be launched on 9 October 2023. The entitlement offer has strong support from existing shareholders and is 50% subscribed with $1.1 million in secured commitments and underwritings (including $694K of commitments received and an additional $403K of underwriting). The combined proceeds from the placement, secured commitments and underwriting are at least $1.5m of the maximum $2.6m. The placement and entitlement offer are priced at 6.5 cents per share. The entitlement offer is on the basis of 1 new share for every 6 shares held at the record date. The Executive Chairman and Managing Director will each take up their full entitlement. The capital raised in the offer will be used to strengthen the company's balance sheet. Latest trading update: Q1 FY24 passenger trips booked are expected to set a new record, with growth vs the prior quarter and previous corresponding period. Net revenues are expected to be broadly in line with the prior quarter with growth vs previous corresponding period. Jayride expects to be cash flow positive for FY24 through revenue growth and cost management initiatives.

28/09/2023

The securities of Jayride Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of JAY, pending the release of an announcement regarding a capital raising.

26/09/2023

listed entity carried for record purposes only

29/01/2018

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    04/03/2024Rodney Bishop100,000$0.012$1,200
    14/02/2020Andrew Coppin26,660$0.283$7,545
    14/02/2020Rodney Bishop11,488$0.285$3,274
    16/01/2020Andrew Coppin22,979$0.370$8,502
    15/01/2020Andrew Coppin16,066$0.350$5,623

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Rod CuthbertNon Exec Chairman15/04/2020
    Randy PradoCEO03/03/2025
    Ram NavaratnamFinance Director03/03/2025
    Tzipi AviozNon Exec Director03/04/2021
    Brett PartridgeNon Exec Director03/03/2025
    Sonny DiduguCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Yifat ShirbenNon Exec Director17/09/201720/12/2024
    Rodney BishopNon Exec Director29/01/201820/12/2024
    Samuel SaxtonIndependent Director29/01/201823/11/2023
    Delphine CassidyIndependent Director11/08/202322/09/2023
    Andrey ShirbenChairman, Independent Director29/01/201831/03/2021
    Andrew CoppinNon Exec Director14/05/201903/08/2020
    Zhongyuan LinNon Exec Director29/01/201808/10/2019
    Jamila GordonDirector29/01/201813/05/2019

    Date of first appointment, title may have changed.