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ADAM Adamas Finance Asia Limited

24.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Adamas Finance Asia Limited LSE:ADAM London Ordinary Share VGG008271246 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.50 23.00 26.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Adamas Finance Asia Limited Completion of Disposal in Selected Assets (0466I)

21/11/2018 8:04am

UK Regulatory


Adamas Finance Asia (LSE:ADAM)
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TIDMADAM

RNS Number : 0466I

Adamas Finance Asia Limited

21 November 2018

21 November 2018

ADAMAS FINANCE ASIA LIMITED

(the "Company" or "ADAM")

Successful Completion of Disposal in Selected Assets

Adamas Finance Asia Limited (AIM: ADAM), a London quoted pan-Asian diversified investment vehicle, is pleased to announce that further to the release dated 5 April 2018 in relation to the proposed disposal of interests in the CPE Portfolio, that all conditions precedent under the Assignment and Assumption Agreement have been fulfilled and Completion took place on 21 November 2018.

The Disposal is in line with the Company's objective of a managed disposal programme of its legacy portfolio where commercially viable and reinvesting the proceeds in pan-Asian income producing assets with capital gain potential.

 
 
   Enquiries: 
 Adamas Finance Asia Limited 
 John Croft                          +44 (0) 1825 830587 
 
 WH Ireland Limited - Nominated 
  Adviser 
 James Sinclair-Ford                +44 (0) 207 220 1666 
 James Joyce 
 
 VSA Capital Limited - Corporate 
  Broker 
 Andrew Monk                        +44 (0) 20 3005 5000 
 Andrew Raca 
 
 Buchanan - Public Relations 
  Advisers 
 Charles Ryland                     +44 (0) 20 7466 5000 
 Henry Wilson 
 

About Adamas Finance Asia

ADAM is a London quoted investment company focusing on delivering long-term income and capital growth to shareholders through a diverse portfolio of pan-Asian investments. It aims to provide uncorrelated returns through a combination of capital growth and dividend income from a broad spectrum of national geographies and asset classes.

The Company's Investment Manager, Harmony Capital, which has a dedicated team with real Asian expertise, is focused on the strategy of creating income and capital growth. Harmony Capital is sourcing predominantly private opportunities and has created a strong pipeline of income generating assets which include potential investments in fintech, healthcare, property, mining, manufacturing and education across Asia.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

November 21, 2018 03:04 ET (08:04 GMT)

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