Adamas Finance Asia Limited Placing Update (9652D)
November 02 2020 - 7:21AM
UK Regulatory
TIDMADAM
RNS Number : 9652D
Adamas Finance Asia Limited
02 November 2020
ADAMAS FINANCE ASIA LIMITED
(" ADAM " or the " Company ")
Placing Update
Further to the announcement on 7th October 2020, the Company is
still awaiting receipt of the remaining placement monies from one
of its Placees for the amount of GBP1,142,794. The funds have been
delayed due to issues raised by the remitting financial
institution. The Company has received written confirmation from the
Placee that regulatory issues have now been resolved and that a
second transfer (of equivalent value) will be initiated to cover
the receipt of outstanding funds. The Company remains confident in
the receipt of funds.
A further announcement will be made once the monies are received
and a further 4,571,177 Placing Shares (together with 237,942
Placing Commission Shares) are issued.
For further information on ADAM, please visit the Company's
website at http://adamasfinance.com and follow the Company on
Twitter (@ AdamasFinance ).
FOR FURTHER INFORMATION, PLEASE CONTACT:
Adamas Finance Asia Limited +44 (0) 778 531 5588
John Croft
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WH Ireland Limited - Nominated Adviser +44 (0) 20 7220 1666
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James Joyce
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James Sinclair-Ford
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Pello Capital Limited - Corporate Broker +44 (0) 20 3700 2500
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Mark Treharne
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Maitland/AMO - Communications Advisor +44 (0) 20 7379 5151
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James Benjamin
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Peter Hamid
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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.
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