Announcement by WANdisco

RNS Number : 4886S

Adams PLC

09 March 2023

 

Adams plc

("Adams" or the "Company")

Announcement by WANdisco

The Board of Adams notes the announcement made this morning by WANdisco plc ("WANdisco") regarding certain irregularities with regard to received purchase orders and related revenue and bookings that give rise to a potential material mis-statement of WANdisco's financial position.  As a result, WANdisco has requested that its shares be suspended from trading on AIM while it conducts an investigation with its external legal and professional advisers into the nature of this activity and its true financial position.

The WANdisco announcement can be viewed in full via the link below:

https://www.londonstockexchange.com/news-article/WAND/trading-revision/15867764

Adams has an interest in 85,000 ordinary shares in WANdisco which it acquired in December 2022 for a consideration of approximately £592,000.

Enquiries:

Adams plc
Mike Bretherton	Tel: [phone]
Nomad
Cairn Financial Advisers LLP
Sandy Jamieson, James Caithie	Tel:  [phone]
Broker
Peterhouse Capital Limited
Heena Karani, Martin Lampshire	Tel:  [phone]

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR") as retained as part of UK law by virtue of the European Union (Withdrawal) Act 2018 as amended.

 

END

 

 

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