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Director/PDMR Shareholding

17 Oct 2016 12:30

RNS Number : 7251M
Adamas Finance Asia Limited
17 October 2016
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ADAMAS FINANCE ASIA LIMITED

(ADAM or the "Company")

Director/PDMR Shareholding

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The Company was notified on 17 October 2016 that Barry Lau, Managing Partner of the Company's investment manager, Adamas Asset Management (HK) Limited, had acquired 20,000 ordinary shares of no par value each in ADAM on the dates detailed below:

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Date

Purchase price (US$)

No. of shares acquired

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12 October 2016

0.510

20,000

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Following these transactions, Mr. Lau is interested in 285,000 ordinary shares, representing 0.15% of the Company's issued share capital.

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The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.

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1

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Details of the person discharging managerial responsibilities / person closely associated

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a)

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Name

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Β Barry Lau

2

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Reason for the notification

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a)

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Position/status

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Managing Partner of the Company's investment manager, Adamas Asset Management (HK) Limited

b)

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Initial notification /Amendment

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Initial notification

3

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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

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a)

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Name

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Adamas Finance Asia Limited

b)

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LEI

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-

4

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Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

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a)

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Description of the financial instrument, type of instrument

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Identification code

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Ordinary shares of no par value in Adamas Finance Asia Limited

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VGG008271162

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b)

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Nature of the transaction

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Acquisition of shares

c)

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Price(s) and volume(s)

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Price(s)

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Volume(s)

0.510

20,000

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d)

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Aggregated information

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- Aggregated volume

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- Price

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20,000

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US$10,200

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e)

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Date(s) of the transaction

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12 October 2016

f)

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Place of the transaction

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London Stock Exchange, AIM

Enquiries:

Adamas Finance Asia Limited

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John Croft, Non-Executive Chairman

+44 (0) 1825 830 587

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Nominated Adviser:

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WH Ireland Limited

+44 (0) 113 394 6600

Tim Feather

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Ed Allsopp

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Broker:

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finnCap Limited

+44 (0) 20 7220 0500

William Marle

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Grant Bergman

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Public Relations Advisers:

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First City Public Relations (Hong Kong)

+852 2854 2666

Allan Piper

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