Last checked at 9 Mar 2023 15:47
Adams plc
("Adams" or the "Company")
Announcement by WANdisco
The Board of Adams notes the announcement made this morning by WANdisco plc ("WANdisco") regarding certain irregularities with regard to received purchase orders and related revenue and bookings that give rise to a potential material mis-statement of WANdisco's financial position. As a result, WANdisco has requested that its shares be suspended from trading on AIM while it conducts an investigation with its external legal and professional advisers into the nature of this activity and its true financial position.
The WANdisco announcement can be viewed in full via the link below:
https://www.londonstockexchange.com/news-article/WAND/trading-revision/15867764
Adams has an interest in 85,000 ordinary shares in WANdisco which it acquired in December 2022 for a consideration of approximately £592,000.
Enquiries:
Adams plc | |
Mike Bretherton | Tel: +44 1534 719 761 |
Nomad | |
Cairn Financial Advisers LLP | |
Sandy Jamieson, James Caithie | Tel: +44 207 213 0880 |
Broker | |
Peterhouse Capital Limited | |
Heena Karani, Martin Lampshire
| Tel: +44 207 469 3393 |
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR") as retained as part of UK law by virtue of the European Union (Withdrawal) Act 2018 as amended.