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Jayride Group Limited (ASX:JAY)

ALERT: Price-sensitive ASX Announcement for JAY
Current share price for JAY : $0.006 0.001 (20%)+
Announcement
Release
19 Sep 2025 1:05PM
Price at Release
$0.005
Full Release
download
Summary
Jayride Group Limited has appointed Mr. Randy Prado as the Chief Executive Officer and Mr. Ram Navaratnam as the Director of Finance, effective from 1 September 2025. Mr. Prado has been serving as the Interim CEO since March 2025 and has a rich background in fintech and mobility technology, bringing over 20 years of leadership experience. Mr. Navaratnam, who has been acting as Finance Director on a contractor basis since March 2025, brings over 32 years of experience in finance, governance, and capital markets. These appointments are strategically aligned with Jayride's focus on advancing its SaaS mobility strategy, with expansion plans in Thailand, Malaysia, and Australia. To settle accrued consulting fees, the company will issue ordinary shares to both appointees, with Mr. Prado receiving 15 million shares and Mr. Navaratnam 10 million shares. The appointments and share issuance are authorized by the Board and are expected to enhance governance and financial oversight.
Key Points
  • Appointment of Randy Prado as CEO and Ram Navaratnam as Director of Finance
  • Mr. Prado's experience in fintech and mobility technology
  • Mr. Navaratnam's expertise in finance and governance
  • Strategic alignment with Jayride's SaaS mobility strategy
  • Planned expansion in Thailand, Malaysia, and Australia
  • Equity issuance to settle accrued consulting fees
  • Board's authorization of appointments and share issuance
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.