2nd Sep 2020 15:32
ADAMAS FINANCE ASIA LIMITED
("ADAM" or the "Company")
Open Offer and Placing Update
The Company announces that further to the announcement of 24th 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 | |
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.
Related Shares:
ADAM.L