Adams PLC Announcement by WANdisco (4886S)

TIDMADA

RNS Number : 4886S

Adams PLC

09 March 2023

Adams plc

("Adams" or the "Company")

Announcement by WANdisco

The Board of Adams notes the announcement made this morning by WANdisco plc ("WANdisco") regarding certain irregularities with regard to received purchase orders and related revenue and bookings that give rise to a potential material mis-statement of WANdisco's financial position. As a result, WANdisco has requested that its shares be suspended from trading on AIM while it conducts an investigation with its external legal and professional advisers into the nature of this activity and its true financial position.

The WANdisco announcement can be viewed in full via the link below:

https://www.londonstockexchange.com/news-article/WAND/trading-revision/15867764

Adams has an interest in 85,000 ordinary shares in WANdisco which it acquired in December 2022 for a consideration of approximately GBP592,000.

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 
Heena Karani, Martin Lampshire  Tel: +44 207 469 3393

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR") as retained as part of UK law by virtue of the European Union (Withdrawal) Act 2018 as amended.

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END

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(END) Dow Jones Newswires

March 09, 2023 10:47 ET (15:47 GMT)

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