Adamas Finance Asia Limited Open Offer and Placing Update (1471Y)
07 September 2020 - 4:00PM
UK Regulatory
TIDMADAM
RNS Number : 1471Y
Adamas Finance Asia Limited
07 September 2020
ADAMAS FINANCE ASIA LIMITED
(" ADAM " or the " Company ")
Open Offer and Placing Update
The Company announces that further to the announcement of 2nd
September 2020 it expects the remaining subscription monies from
Placees to be remitted over the course of the next few days.
Consequently, and as a change to the timetable initially set out in
the Company's announcement and Circular on 17th July 2020,
application has been made for the Placing, Open Offer and Placing
Commission Shares totalling 13,165,782 New Ordinary Shares to be
admitted to trading on AIM on 11th September 2020 ("Admission").
CREST members' accounts will be credited in respect of the New
Ordinary Shares in uncertificated form as soon as possible after
8.00 a.m. on 11 September 2020 and dispatch of share certificates
in respect of the New Ordinary Shares in certificated form
(certificated holders only) is expected to occur by approximately
18 September 2020. As a result of the change to the Placing and
Open Offer timetable and further to the Company's announcement of 5
August 2020, the timing for the Company's name change taking effect
will occur as soon as practicable after the Placing and Open Offer
has been completed.
Upon Admission the Company's issued share capital (excluding
2,052,804 shares held in Treasury by the Company) will then consist
of 116,185,204 Ordinary Shares. All of the shares, excluding those
in Treasury, have equal voting rights. The Company's total issued
share capital (including those now held in Treasury) comprises
118,238,008 Ordinary Shares. This figure of 116,185,204 Ordinary
Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
Full details of the Open Offer and Placing are available in the
Circular, published on 17th July 2020 and posted to Qualifying
Shareholders. The Circular is also available on the Company's
website at http://adamasfinance.com .
Capitalised terms used in this announcement have the meanings
given to them in the announcement made and circular published on
17th July 2020 unless the context provides otherwise.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Adamas Finance Asia Limited +44 (0) 778 531 5588
John Croft
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WH Ireland Limited - Nominated Adviser +44 (0) 20 7220 1666
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James Joyce
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James Sinclair-Ford
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Pello Capital Limited - Corporate Broker +44 (0) 20 3700 2500
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Mark Treharne
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Maitland/AMO - Communications Advisor +44 (0) 20 7379 5151
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James Benjamin
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Peter Hamid
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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.
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END
FUREAANKELAEEFA
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