TIDMADAM

RNS Number : 1182N

Adamas Finance Asia Limited

27 January 2016

Adamas Finance Asia Limited

("ADAM" or the "Company")

Global Pharm UPDATE

Further to the announcement on 30 November 2015 concerning payments due from Global Pharm Holdings Group Inc. ("Global Pharm"), the Company announces that a further US$375,000 (net to ADAM) has been received.

Monthly payments are subject to Global Pharm's working capital requirements. Global Pharm has informed the Company's investment manager, Adamas Global Alternative Investment Management Inc. that it intends to resume monthly payments in March 2016. Overdue payments are subject to the penalties set out in the announcement of 26 October 2015.

Further announcements will be made as appropriate.

Enquiries:

 
Adamas Finance Asia Limited 
 John Croft                        +44 (0) 1825 830587 
 
Nominated Adviser 
W H Ireland Limited 
 Tim Feather 
 Liam Gribben                      +44 (0) 113 394 6600 
 
Broker 
 Edmond de Rothschild Securities 
 (UK) Limited                        +44 (0) 20 7845 5950 
John Armstrong-Denby 
 Hiroshi Funaki 
 
 
Public Relations Advisers 
Ryan Communication (Hong Kong) 
 Scott McFarlane                    +852 6297 3801

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 27, 2016 03:01 ET (08:01 GMT)

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