TIDMADAM

RNS Number : 7224K

Adamas Finance Asia Limited

23 September 2016

ADAMAS FINANCE ASIA LIMITED

("ADAM" or the "Company")

Director/PDMR Shareholding

The Company was notified on 23 September 2016 that Barry Lau, Managing Partner of the Company's investment manager, Adamas Asset Management (HK) Limited, had acquired 90,000 ordinary shares of no par value each in ADAM over the date range detailed below:

 
 Date                 Purchase price (US$)   No. of shares acquired 
 
 20 September 2016                  0.4750                   30,000 
 21 September 2016                  0.4782                   20,000 
 22 September 2016                  0.4750                   20,000 
 23 September 2016                  0.4850                   20,000

Following these transactions, Mr. Lau is interested in 140,000 ordinary shares, representing 0.073% of the Company's issued share capital.

The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ------------------------------------------------------------------- 
 a)   Name                          Barry Lau 
---  ---------------------------  -------------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------------- 
 a)   Position/status              Managing Partner of the Company's 
                                    investment manager, Adamas Asset 
                                    Management (HK) Limited 
---  ---------------------------  -------------------------------------- 
 b)   Initial notification         Initial notification 
       /Amendment 
---  ---------------------------  -------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
---  ------------------------------------------------------------------- 
 a)   Name                         Adamas Finance Asia Limited 
---  ---------------------------  -------------------------------------- 
 b)   LEI                          - 
---  ---------------------------  -------------------------------------- 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
---  ------------------------------------------------------------------- 
 a)   Description of the           Ordinary shares of no par value in 
       financial instrument,        Adamas Finance Asia Limited 
       type of instrument 
                                    VGG008271162 
       Identification code 
---  ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Acquisition of shares 
---  ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                     ---------  ---------- 
                                        0.4750      30,000 
                                     ---------  ---------- 
                                        0.4782      20,000 
                                     ---------  ---------- 
                                        0.4750      20,000 
                                     ---------  ---------- 
                                        0.4850      20,000 
                                     ---------  ---------- 
---  ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                     90,000 
 
       - Price 
                                     US$43,014 
---  ---------------------------  -------------------------------------- 
 e)   Date(s) of the transaction   20 September 2016, 21 September 2016, 
                                    22 September 2016, 23 September 2016 
---  ---------------------------  -------------------------------------- 
 f)   Place of the transaction     London Stock Exchange, AIM 
---  ---------------------------  --------------------------------------

Enquiries:

 
Adamas Finance Asia Limited 
John Croft, Non-Executive Chairman   +44 (0) 1825 830 587 
 
Nominated Adviser: 
WH Ireland Limited                   +44 (0) 113 394 6600 
Tim Feather 
Liam Gribben 
 
Broker: 
finnCap Limited                      +44 (0) 20 7220 0500 
William Marle 
Grant Bergman 
 
 
Public Relations Advisers: 
First City Public Relations 
 (Hong Kong)                               +852 2854 2666 
Allan Piper

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 23, 2016 09:40 ET (13:40 GMT)

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