BUZZ-Australia's Jayride Group drops to record low on discounted entitlement offer

Reuters

2024/12/20

** Jayride Group JAY.AX plunges as much as 40% to record low of A$0.003

** Stock logs biggest intraday pct fall since December 2023

** Online travel marketplace for airport transfers announces A$4.3 mln ($2.7 mln) entitlement offer

** Issue price of A$0.003, a 40% discount to last close

** Nearly 5 mln shares traded, ~32x the 30-day avg, in stocks busiest day since March 5

** JAY down 92.5% YTD

($1 = A$1.6062)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))

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