leadf
logo-loader
RNS
viewAdamas Finance Asia Limited

Adamas Fin Asia Ltd - Open Offer and Placing Update

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




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




Maitland/AMO - Communications Advisor

+44 (0) 20 7379 5151

James Benjamin


Peter Hamid


 

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. 

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
FUREAANKELAEEFA

Quick facts: Adamas Finance Asia Limited

Price: 21

Market: AIM
Market Cap: £24.21 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Adamas Finance Asia shares now available on multiple online trading platforms

Suresh Withana from Harmony Capital, the investment manager of Adamas Finance Asia Limited (LON:ADAM), visits the Proactive Sydney studio to discuss in detail the pan-Asian investment company's recent announcements. Shares in the company are now accessible to a wider audience of retail...

on 28/2/19

5 min read