leadf
logo-loader
RNS
viewAdamas Finance Asia Limited

Adamas Fin Asia Ltd - Placing Update

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

 

 

 

WH Ireland Limited - Nominated Adviser

+44 (0) 20 7220 1666

James Joyce

 

James Sinclair-Ford

 

 

 

Pello Capital Limited - Corporate Broker

+44 (0) 20 3700 2500

Mark Treharne

 

 

 

Maitland/AMO - Communications Advisor

+44 (0) 20 7379 5151

James Benjamin

 

Peter Hamid

 

 

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.

 

 

 

 

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 [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
FURFSUFEEESSEFF

Quick facts: Adamas Finance Asia Limited

Price: -

Market: AIM
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

4 min read