Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR") as applied in the United Kingdom. Upon publication of this Announcement, this information is now considered to be in the public domain.

Jaywing plc

("Jaywing" or "the Company")

Increase in Loan Facility

 28 May 2024

Jaywing Plc (AIM: JWNG), the marketing and data science business specialising in integrated marketing and risk and data consulting announces an increase in its Loan Facility.

As announced earlier this month the company recently entered discussions with its two lenders, DSC Investment Holdings Limited and Lombard Odier Asset Management (Europe) Limited*, both of which are represented on the Board, regarding increasing the existing facility it has in place with them.

The Company announces that it has increased its existing loan facility ("the Loan Facility") with the Company's two lenders, DSC Investment Holdings Limited and Lombard Odier Asset Management (Europe) Limited* (jointly, "the Lenders") by £1,030,000, which includes an arrangement fee of £30,000 payable to the Lenders, taking the total facility to £10,796,500. The new funds, which will be used for working capital purposes, are available in two equal tranches, the first of which has been drawn and the second is due to be drawn, subject to the Lenders' consent, in June 2024.  

Related party transaction

The additional capital being lent by the Lenders is being provided on the same terms as the existing Loan Facility.  As each of the Lenders, being DSC Investment Holdings Limited ("DSC" and Lombard Odier Asset Management (Europe) Limited ("Lombard Odier"), are considered related parties because of their respective shareholdings in the Company, the provision of this capital by entities associated with each of them is deemed to comprise related party transactions for the purposes of Rule 13 of the AIM Rules for Companies. The Independent Director (being Christopher Hughes) considers, having consulted with the Company's nominated adviser, SPARK Advisory Partners Limited, that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.

*acting in its capacity as discretionary investment manager or sub-adviser for and on behalf of certain funds and accounts managed by it and/or as agent of Lombard Odier Asset Management (USA) Corp (LOAM USA) acting in its capacity as discretionary investment manager for and on behalf of certain funds and accounts managed by it ("Lombard Odier").

-Ends-

 For any further enquiries, please contact:

For further information on the Company, please visit www.jaywing.com or contact:

Jaywing plc

David Beck - Executive Chairman

Christopher Hughes (Company Secretary)

T: +44 (0)333 370 6500

SPARK Advisory Partners Limited (Nominated and Financial Adviser)

Matt Davis / James Keeshan

T: +44 (0) 20 3368 3552

Turner Pope (Broker)

James Pope / Andy Thacker

T: +44 (0) 20 3657 0050

Notice related to the financial adviser

SPARK Advisory Partners Limited, which is regulated by the Financial Conduct Authority in the United Kingdom, is acting exclusively for Jaywing and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Jaywing for providing the protections afforded to clients of SPARK Advisory Partners Limited, or for providing advice in relation to the matters referred to in this announcement.