Adams PLC - special situation investor headquartered in the Isle of Man - Says it has entered into an agreement to invest GBP700,000 for 5.0 million shares, or 2.2% stake, in C4X Discovery Holdings PLC at 14 pence each as part of a placing by C4X to raise around GBP15.0 million. Each C4X unit comprises 1 new C4X share and 1 warrant.
Adams current stock price: 6.55 pence
Year-to-date change: up 31%
C4X current stock price: 17.75 pence
Year-to-date change: up 9.9%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Adams (ADA)