Adamas Finance Asia Limited Director/PDMR Shareholding (1977L)

TIDMADAM

RNS Number : 1977L

Adamas Finance Asia Limited

29 September 2016

ADAMAS FINANCE ASIA LIMITED

(ADAM or the "Company")

Director/PDMR Shareholding

The Company was notified on 29 September 2016 that Barry Lau, Managing Partner of the Company's investment manager, Adamas Asset Management (HK) Limited, had acquired 75,000 ordinary shares of no par value each in ADAM on the dates detailed below:

 
 Date                 Purchase price   No. of shares 
                               (US$)        acquired 
 
 26 September 2016             0.485          20,000 
 28 September 2016             0.480          55,000 
 

Following these transactions, Mr. Lau is interested in 215,000 ordinary shares, representing 0.11% 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 
---  ------------------------------------------------------------- 
 a)   Name                        Barry Lau 
---  -------------------------  ---------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------- 
 a)   Position/status            Managing Partner of the Company's 
                                  investment manager, Adamas 
                                  Asset Management (HK) Limited 
---  -------------------------  ---------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ---------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------- 
 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 
---  ------------------------------------------------------------- 
 a)   Description of             Ordinary shares of no par 
       the financial              value in Adamas Finance Asia 
       instrument, type           Limited 
       of instrument 
                                  VGG008271162 
       Identification 
       code 
---  -------------------------  ---------------------------------- 
 b)   Nature of the              Acquisition of shares 
       transaction 
---  -------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                   ---------  ---------- 
                                       0.485      20,000 
                                   ---------  ---------- 
                                       0.480      55,000 
                                   ---------  ---------- 
---  -------------------------  ---------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume 
                                   75,000 
 
       - Price 
                                   US$36,100 
---  -------------------------  ---------------------------------- 
 e)   Date(s) of the             26 September 2016 and 28 
       transaction                September 2016 
---  -------------------------  ---------------------------------- 
 f)   Place of the transaction   London Stock Exchange, AIM 
---  -------------------------  ---------------------------------- 
 

Enquiries:

 
Adamas Finance Asia 
 Limited 
John Croft, Non-Executive 
 Chairman                     [phone] 
 
Nominated Adviser: 
WH Ireland Limited            [phone] 
Tim Feather 
Liam Gribben 
 
Broker: 
finnCap Limited               [phone] 
William Marle 
Grant Bergman 
 
 
Public Relations Advisers: 
First City Public Relations 
 (Hong Kong)                        [phone] 
Allan Piper 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 29, 2016 04:31 ET (08:31 GMT)