Adamas Finance Asia Limited Director/PDMR Shareholding (5256F)
October 29 2018 - 5:53AM
UK Regulatory
TIDMADAM
RNS Number : 5256F
Adamas Finance Asia Limited
29 October 2018
ADAMAS FINANCE ASIA LIMITED
("ADAM" or the "Company")
Director/PDMR Shareholding
The Company was notified on 26 October 2018 that Barry Lau,
Managing Partner of Adamas Asset Management (HK) Limited (which is
associated with the Company's investment manager, Harmony Capital
Investors Limited), acquired (via Surplus Gains Global Limited, a
special purpose vehicle of which Mr Lau is the ultimate beneficial
owner ("Surplus Gains"), 2,700,000 ordinary shares of no par value
each in ADAM on 26 October 2018 for nil consideration but as
supporting collateral for investments to be made on behalf of the
transferors of the shares by Surplus Gains.
As a result, Mr. Lau is interested in 3,160,568 ordinary shares,
representing 3.9% of the Company's issued share capital.
The attached notification gives further detail made in
accordance with the requirements of the EU Market Abuse
Regulation.
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 Adamas Asset Management (HK)
Limited
------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of no par value in Adamas Finance
instrument Asia Limited
Identification code VGG008271246
------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Acquisition of shares
------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
nil 2,700,000
-----------
------------------------------------------------------- -------------------------------------------------------
d) Aggregated information
- Aggregated volume
2,700,000
- Price
USD nil
------------------------------------------------------- -------------------------------------------------------
e) Date(s) of the transaction 26 October 2018
------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Off market
Enquiries:
Adamas Finance Asia Limited
John Croft +44 (0) 1825 830587
WH Ireland Limited - Nominated Adviser
Tim Feather
James Sinclair-Ford +44 (0) 113 394 6600
Shard Capital Partners LLP - Broker
Philip Pooley +44 (0) 20 7220 0500
Buchanan - Financial PR
Charles Ryland
Henry Wilson +44 (0) 20 7186 9967
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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 rns@lseg.com or visit www.rns.com.
END
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