TIDMADAM

RNS Number : 8927T

Adamas Finance Asia Limited

01 April 2016

Adamas Finance Asia Limited

(the "Company")

Global Pharm UPDATE

Further to the announcement on 27 January 2016 concerning payments due from Global Pharm Holdings Group Inc. ("Global Pharm"), the Company has been informed that Global Pharm is not yet in a position to resume monthly payments. The Company's investment manager, Adamas Global Alternative Investment Management Inc., is in discussions with Global Pharm regarding a revised repayment plan.

Monthly payments are subject to Global Pharm's working capital requirements. 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 and Broker 
W H Ireland Limited 
 Tim Feather 
 Liam Gribben                    +44 (0) 113 394 6600 
 
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

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(END) Dow Jones Newswires

April 01, 2016 06:23 ET (10:23 GMT)

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