TIDMADAM

RNS Number : 9422P

Adamas Finance Asia Limited

23 November 2016

ADAMAS FINANCE ASIA LIMITED

(ADAM or the "Company")

Director/PDMR Shareholding

The Company was notified on 23 November 2016 that Barry Lau, Managing Partner of the Company's investment manager, Adamas Asset Management (HK) Limited, had acquired 30,000 ordinary shares of no par value each in ADAM on the dates detailed below:

 
 Date                Purchase price   No. of shares 
                              (US$)        acquired 
 
 17 November 2016             0.545          15,000 
 18 November 2016             0.550          15,000

Following these transactions, Mr Lau is interested in 395,000 ordinary shares, representing 0.21% of the Company's issued share capital.

The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------------- 
 a)   Name                        Barry Lau 
---  -------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status            Managing Partner of the Company's 
                                  investment manager, Adamas 
                                  Asset Management (HK) Limited 
---  -------------------------  ---------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------- 
 a)   Name                       Adamas Finance Asia Limited 
---  -------------------------  ---------------------------------- 
 b)   LEI                        - 
---  -------------------------  ---------------------------------- 
 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             Ordinary shares of no par 
       the financial              value in Adamas Finance Asia 
       instrument, type           Limited 
       of instrument 
                                  VGG008271162 
       Identification 
       code 
---  -------------------------  ---------------------------------- 
 b)   Nature of the              Acquisition of shares 
       transaction 
---  -------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                       0.545      15,000 
                                       0.550      15,000 
                                   ---------  ---------- 
---  -------------------------  ---------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                   30,000 
 
       - Price 
                                   US$16,425 
---  -------------------------  ---------------------------------- 
 e)   Date(s) of the             17 and 18 November 2016 
       transaction 
---  -------------------------  ---------------------------------- 
 f)   Place of the transaction   London Stock Exchange, AIM 
---  -------------------------  ----------------------------------

Enquiries:

 
Adamas Finance Asia 
 Limited 
John Croft, Non-Executive 
 Chairman                     +44 (0) 1825 830 587 
 
Nominated Adviser: 
WH Ireland Limited            +44 (0) 113 394 6600 
Tim Feather 
Ed Allsopp 
 
Broker: 
finnCap Limited               +44 (0) 20 7220 0500 
William Marle 
Grant Bergman 
 
 
Public Relations Advisers: 
First City Public Relations 
 (Hong Kong)                        +852 2854 2666 
Allan Piper

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHKXLBLQFFBFBK

(END) Dow Jones Newswires

November 23, 2016 04:11 ET (09:11 GMT)

Jade Road Investments (LSE:JADE)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Jade Road Investments Charts.
Jade Road Investments (LSE:JADE)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Jade Road Investments Charts.