Adamas Finance Asia Limited Open Offer and Placing Update (8605X)
September 02 2020 - 10:32AM
UK Regulatory
TIDMADAM
RNS Number : 8605X
Adamas Finance Asia Limited
02 September 2020
ADAMAS FINANCE ASIA LIMITED
(" ADAM " or the " Company ")
Open Offer and Placing Update
The Company announces that further to the announcement of 24(th)
August 2020 it has not yet received all of the subscription monies
from Placees due to certain delays with completion of wire
transfers across multiple jurisdictions. The Company is in
communication with the Placees and expects to receive the balance
of these funds shortly, enabling the existing timetable to be met.
However, if such funds are not received by 4th September 2020 the
Company will announce an updated timetable for the admission of the
Open Offer, Placing and Placing Commission Shares.
Full details of the Open Offer and Placing are available in the
Circular, published on 17th July 2020 and posted to Qualifying
Shareholders. The Circular is also available on the Company's
website at http://adamasfinance.com .
Capitalised terms used in this announcement have the meanings
given to them in the announcement made and circular published on
17th July 2020 unless the context provides otherwise.
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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END
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