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Adamas Fin Asia Ltd (ADAM)

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Tuesday 01 December, 2020

Adamas Fin Asia Ltd

Directors Dealings

RNS Number : 1238H
Adamas Finance Asia Limited
01 December 2020
 

 

 

1 December 2020

ADAMAS FINANCE ASIA LIMITED

(" ADAM " or the " Company ")

Director Dealings

The Company has been notified on 29 November 2020 that Mr. John Croft, Executive Chairman of the Company, has purchased a total of 33,000 ordinary shares at a weighted average price of 21.47 pence per ordinary share. The purchases, all part of one order, took place on 20th November (3,500 shares), 23rd November (10,500 shares), and 27th November 2020 (19,000 shares), respectively. Following these transactions, Mr. John Croft holds 118,463 ordinary shares representing 0.10% of the voting rights in the issued share capital of the Company, excluding shares held in treasury.

For further information on ADAM, please visit the Company's website at http://adamasfinance.com and follow the Company on Twitter (@ AdamasFinance ).

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

Adamas Finance Asia Limited

+44 (0) 778 531 5588

John Croft

 

 

 

WH Ireland Limited - Nominated Adviser

+44 (0) 20 7220 1666

James Joyce

 

James Sinclair-Ford

 

 

 

Pello Capital Limited - Corporate Broker

+44 (0) 20 3700 2500

Mark Treharne

 

 

About Adamas Finance Asia

Adamas Finance Asia Limited (ADAM) is quoted on the AIM Market of the London Stock Exchange and is committed to providing shareholders with attractive uncorrelated, risk adjusted long-term returns from a combination of realising sustainable capital growth and delivering dividend income.

 

The Company is focused on providing growth capital and financing to emerging and established Small and Medium Enterprises (SME) sector throughout Asia, well diversified by national geographies, instruments and asset classes. This vital segment of the economy is underserved by the traditional banking industry for regulatory and structural reasons.

 

The Company's investment manager, Harmony Capital, seeks to capitalise on its team's established investment expertise and broad networks across Asia. Through rigorous diligence and disciplined risk management, Harmony Capital is dedicated to delivering attractive income and capital growth for shareholders with significant downside protection through selectively investing in assets and proactively managing them.

 

Harmony Capital is predominately sourcing private opportunities and continues to create a strong pipeline of attractive income generating assets from potential investments in growth sectors across Asia, including healthcare, fintech, hospitality, IT and property. 

 

 

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

John Croft

2

Reason for the notification

a)

Position/status

Executive Chairman

b)

Initial notification/ Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Adamas Finance Asia Limited

b)

LEI

2138005R4IVX4O3IQ543

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary Shares at a weighted average price of 21.47p each 

 

 

VGG008271246

b)

Nature of the transaction

Purchase of ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

20.22p

21.67p

21.59p

 

3,500

10,500

19,000

 

d)

Aggregated information

Aggregated volume

Price

 

33,000

GBP 7,085

e)

Date of the transaction

20th,23rd and 27th November 2020

f)

Place of the transaction

London Stock Exchange

 

 

 

 

 

 

 

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