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Disposal

6 Oct 2017 12:28

RNS Number : 9624S
Adams PLC
06 October 2017
 

Adams plc

("Adams" or the "Company")

Disposal

 

The Directors announce that, on 5 October 2017, Adams sold a holding of 68,753 ordinary shares of €0.01 in GVC Holdings plc on the Main Market of the London Stock Exchange at a price of 850 pence per share for a total cash consideration of £584,400. Following this disposal, the Company will have cash balances of approximately £660,000. The Directors intend to reinvest the proceeds of the disposal in accordance with the Company's Investing Policy.

 

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 Corporate Finance Limited

Lucy Williams, Duncan Vasey

Tel: +44 207 469 0930

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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