Disposal

RNS Number : 9624S

Adams PLC

06 October 2017

 

Adams plc

("Adams" or the "Company")

Disposal

The Directors announce that, on 5 October 2017, Adams sold a holding of 68,753 ordinary shares of €0.01 in GVC Holdings plc on the Main Market of the London Stock Exchange at a price of 850 pence per share for a total cash consideration of £584,400. Following this disposal, the Company will have cash balances of approximately £660,000.  The Directors intend to reinvest the proceeds of the disposal in accordance with the Company's Investing Policy.

Enquiries:

Adams plc
Mike Bretherton	Tel: [phone]
Nomad
Cairn Financial Advisers LLP
Sandy Jamieson, James Caithie	Tel:  [phone]
Broker
Peterhouse Corporate Finance Limited
Lucy Williams, Duncan Vasey	Tel:  [phone]

 

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