Adamas Finance Asia Limited Share Allotment (9383Q)
February 25 2019 - 2:01AM
UK Regulatory
TIDMADAM
RNS Number : 9383Q
Adamas Finance Asia Limited
25 February 2019
25 February 2019
ADAMAS FINANCE ASIA LIMITED
("ADAM" or the "Company")
Share Allotment
Adamas Finance Asia Limited, the London quoted pan-Asian
diversified investment vehicle, is pleased to announce that it has
issued 159,847 ordinary shares of no par value in the capital of
ADAM at US$1.20 per share ("Ordinary Shares") to a minority
shareholder (the "Vendor") of Hong Kong Mining Holdings Limited
("HKMH") (the "Vendor Shares").
The Vendor Shares are the first of two tranches to be issued to
the Vendor as outlined in the announcement "Increased Ownership in
Hong Kong Mining Holdings Limited" (RNS 98021) made on 26 March
2018. The Vendor Shares are being issued as part of the
consideration agreed in respect of the Company's acquisition of
certain minority shareholdings in HKMH.
The Company will make an application for the Vendor Shares to be
admitted to trading on AIM and trading is expected to commence on
29 February 2019 ("Admission"). The Vendor Shares will rank pari
passu in all respects with the existing Ordinary Shares.
The Company's total issued share capital will then comprise
88,733,069 Ordinary Shares, including 730,529 Ordinary Shares held
in treasury. This figure of 88,733,069 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 FCA's Disclosure and
Transparency Rules.
Enquiries:
Adamas Finance Asia Limited
John Croft +44 (0) 1825 830587
WH Ireland Limited - Nominated Adviser
James Joyce +44 (0) 20 7220
James Sinclair Ford 1666
VSA Capital Limited - Corporate
Broker
Andrew Monk +44 (0) 20 3005
Andrew Raca 5000
Buchanan - Financial PR
Charles Ryland
Victoria Hayns +44 (0) 20 7466
Henry Wilson 5000
About Adamas Finance Asia
ADAM is a London quoted investment company focusing on
delivering long-term income and capital growth to shareholders
through a diverse portfolio of pan-Asian investments. It aims to
provide uncorrelated returns through a combination of capital
growth and dividend income from a broad spectrum of national
geographies and asset classes from the Asian Small and Medium
Enterprise (SME) sector.
The company's investment manager, Harmony Capital, which has a
dedicated team with real Asian expertise, is focussed on the
strategy of creating income and capital growth. Harmony is sourcing
predominately private opportunities and has created a strong
pipeline of income generating assets from potential investments in
industries such as healthcare, fintech, hospitality, IT and
property across Asia.
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 rns@lseg.com or visit www.rns.com.
END
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