Adams PLC Disposal (9624S)

TIDMADA

RNS Number : 9624S

Adams PLC

06 October 2017

Adams plc

("Adams" or the "Company")

Disposal

The Directors announce that, on 5 October 2017, Adams sold a holding of 68,753 ordinary shares of EUR0.01 in GVC Holdings plc on the Main Market of the London Stock Exchange at a price of 850 pence per share for a total cash consideration of GBP584,400. Following this disposal, the Company will have cash balances of approximately GBP660,000. The Directors intend to reinvest the proceeds of the disposal in accordance with the Company's Investing Policy.

Enquiries:

 
Adams plc 
Mike Bretherton               Tel: +44 1534 719 761 
 
Nomad 
Cairn Financial Advisers 
 LLP 
Sandy Jamieson, James         Tel: +44 207 213 0880 
 Caithie 
 
Broker 
Peterhouse Corporate Finance 
 Limited 
Lucy Williams, Duncan         Tel: +44 207 469 0930 
 Vasey

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISMMMGGMVKGNZM

(END) Dow Jones Newswires

October 06, 2017 07:28 ET (11:28 GMT)

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