Adams PLC - Statement re COVID-19
("Adams" or the "Company")
Statement re COVID-19
The Directors today announce an update in response to COVID-19.
The ongoing spread of the new coronavirus has become one of the biggest threats to the global economy and financial markets. Fear surrounding the impact of COVID-19 on the global economy has hurt investor sentiment and brought down stock prices in all major markets.
This has had a negative impact on the Company's investment portfolio and generated unrealised losses which are estimated to have resulted in a loss for the current financial year to date of approximately
The Board is confident that the Company has sufficient working capital to maintain its operations for the foreseeable future. The Company currently has cash balances of approximately
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Enquiries: Adams plc Mike Bretherton Tel: +44 1534 719 761
Nomad Cairn Financial Advisers LLP Sandy Jamieson, James Caithie Tel: +44 207 213 0880
Broker Peterhouse Capital Limited Lucy Williams, Duncan Vasey Tel: +44 207 469 0930
This information is provided by RNS, the news service of the
Quick facts: Adams PLC
Market Cap: £9.49 m
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