22 Dec 2016 13:18
ADAMAS FINANCE ASIA LIMITED
("ADAM" or the "Company")
Director/PDMR Shareholding
The Company was notified on 22 December 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:
Date | Purchase price (US$) | No. of shares acquired |
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20 December 2016 | 0.61 | 10,000 |
21 December 2016 | 0.62 | 10,000 |
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In addition, Mr. Lau has informed the Company that his purchase of shares on 16 December 2016 included in the announcement on 20 December 2016 was incorrectly disclosed due to an erroneous notification by his broker. The purchase on 16 December 2016 was of 10,000 shares at a price of US$0.60 per share, rather than 1,000 shares at a price of US$0.596 per share.
As a result, Mr. Lau is interested in 639,022 ordinary shares, representing 0.33% of the Company's issued share capital.
The attached notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail.
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| Barry Lau | ||||
2
| Reason for the notification
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a)
| Position/status
| Managing Partner of the Company's investment manager, Adamas Asset Management (HK) Limited | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Adamas Finance Asia Limited | ||||
b)
| LEI
| - | ||||
4
| 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)
| Description of the financial instrument, type of instrument
Identification code
| Ordinary shares of no par value in Adamas Finance Asia Limited
VGG008271162
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b)
| Nature of the transaction
| Acquisition of shares | ||||
c)
| Price(s) and volume(s)
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| ||||
d)
| Aggregated information
- Aggregated volume
- Price
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20,000
US$12,300
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e)
| Date(s) of the transaction
| 20 & 21 December 2016 | ||||
f)
| Place of the transaction
| 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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