Jade Road Investments stock rises as thin trading leaves Shaires below split-adjusted raise price

London, July 1, 2026, 16:02 BST

• Jade Road Investments, now trading as Shaires Holdings (LON:SHR), rose to $8.00 on delayed LSEG data, up 6.67% on 500 shares.
• The stock has gained 14.3% in two sessions, but that move came on 1,808 shares, worth about $13,800 using the two latest close/last prices.
• The price is still 20% below the $10 post-combination equivalent of February’s $1 fundraising price.
• No fresh company RNS was listed in the latest 24-48 hours; the latest regulatory item shown was the June 8 voting result.

Jade Road Investments Limited, now trading as Shaires Holdings (LON:SHR), rose again on Wednesday, but the stronger signal for investors was not the gain. It was the size of the tape.

The AIM-listed investment company was last shown at $8.00, up 50 cents, or 6.67%, on delayed LSEG data at 13:50 BST. Volume was 500 shares, after 1,308 shares changed hands on Tuesday, when the stock closed at $7.50. That makes a two-session rise of 14.3% from Monday’s $7.00 close, on fewer than 2,000 shares. At the latest two close/last prices, that is about $13,800 of stock.

That matters because the company is in the early market-test phase of a much larger reset. The stock trades in dollars after Jade Road said in January it would change the quote currency from British pence to U.S. dollars, to match its reporting currency and planned equity subscriptions.

The latest move also sits below a simple split-adjusted funding yardstick. Jade Road said in January it had secured $8.6 million at $1 a share and that a first-phase fundraising of $100 million to $150 million could be issued at the same price, though it said there could be no certainty. The company then approved a 10-for-1 share combination in June, making that $1 old-share issue price equal to $10 on the current share base.

The company’s market value is still small by the standards of the private technology strategy it is selling. After the share combination, Jade Road said 1,076,004 ordinary shares would be in issue. At $8.00, that implies an equity value of about $8.6 million, before any future issue of shares.

Jade Road shareholders approved the new investing policy, share combination, name change and other resolutions at the June 8 general meeting, the latest regulatory announcement shown on Investegate’s company list. That means the last 24-48 hours’ share move came without a fresh RNS catalyst found in the company’s regulatory feed.

The June circular gave the board authority to allot up to 100 million post-combination shares, equal to about 93 times the then existing share capital. It also allowed single-asset weightings of up to 75% of net asset value during the investment period, with a later 50% limit measured at cost after new investments.

Executive Chairman John Croft said in the circular that the board saw “meaningful capital appreciation” coming from “a small number of high-conviction positions”, rather than a broad portfolio of small holdings. In April results, Croft said the board was looking forward to updating shareholders on “next development steps.” Investegate

The broader AIM market was only modestly firmer. The FTSE AIM All-Share Index (INDEXFTSE:AXX) was up 0.22% at 773.85 at 15:38 BST, according to Fidelity data, against Shaires’ 6.67% stock move on delayed LSEG pricing.

The London Stock Exchange’s regular trading session runs from 08:00 to 16:30 local time on weekdays, so the 16:02 BST dateline fell before the close.