Effective December 31, 2020, Jadestone has adopted the Quoted Companies Alliance Corporate Governance Code 2018 (the “QCA Code”). The Company’s Board of Directors recognises that the QCA Code provides the Company with the appropriate framework to sustain a strong level of governance, given its size and quotation on the AIM market of the London Stock Exchange.

Over the past two years, Jadestone has pursued an evolution of its corporate practices toward norms and standards typical of its peer companies, who are predominantly UK-based entities. In addition, the Company has recognised that substantial efficiencies are possible with regards to corporate taxation, investor dividend treatment, and various other matters if the Company were domiciled in the United Kingdom.  Jadestone announces today its intention to relocate its corporate residence to the United Kingdom. The group will undertake a reorganisation such that its ultimate parent company is changed from a British Columbia incorporated company to an England and Wales incorporated plc.  The Company intends to enter into an arrangement agreement and to seek shareholder approval for the proposed reorganisation at a special meeting of shareholders to be held on or about April 9, 2021. Further details will be announced in due course and, subject to shareholder approval, this transaction is anticipated to be completed during the first half of 2021.

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