Adamas Finance Asia Limited Directors Dealings (1238H)

TIDMADAM

RNS Number : 1238H

Adamas Finance Asia Limited

01 December 2020

1 December 2020

ADAMAS FINANCE ASIA LIMITED

(" ADAM " or the " Company ")

Director Dealings

The Company has been notified on 29 November 2020 that Mr. John Croft, Executive Chairman of the Company, has purchased a total of 33,000 ordinary shares at a weighted average price of 21.47 pence per ordinary share. The purchases, all part of one order, took place on 20(th) November (3,500 shares), 23(rd) November (10,500 shares), and 27(th) November 2020 (19,000 shares), respectively. Following these transactions, Mr. John Croft holds 118,463 ordinary shares representing 0.10% of the voting rights in the issued share capital of the Company, excluding shares held in treasury.

For further information on ADAM, please visit the Company's website at http://adamasfinance.com and follow the Company on Twitter (@ AdamasFinance ).

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 Adamas Finance Asia Limited               [phone] 
 John Croft 
                                          --------------------- 
 
 WH Ireland Limited - Nominated Adviser    [phone] 
                                          --------------------- 
 James Joyce 
                                          --------------------- 
 James Sinclair-Ford 
                                          --------------------- 
 
 Pello Capital Limited - Corporate 
  Broker                                   [phone] 
                                          --------------------- 
 Mark Treharne 
                                          --------------------- 
 

About Adamas Finance Asia

Adamas Finance Asia Limited (ADAM) is quoted on the AIM Market of the London Stock Exchange and is committed to providing shareholders with attractive uncorrelated, risk adjusted long-term returns from a combination of realising sustainable capital growth and delivering dividend income.

The Company is focused on providing growth capital and financing to emerging and established Small and Medium Enterprises (SME) sector throughout Asia, well diversified by national geographies, instruments and asset classes. This vital segment of the economy is underserved by the traditional banking industry for regulatory and structural reasons.

The Company's investment manager, Harmony Capital, seeks to capitalise on its team's established investment expertise and broad networks across Asia. Through rigorous diligence and disciplined risk management, Harmony Capital is dedicated to delivering attractive income and capital growth for shareholders with significant downside protection through selectively investing in assets and proactively managing them.

Harmony Capital is predominately sourcing private opportunities and continues to create a strong pipeline of attractive income generating assets from potential investments in growth sectors across Asia, including healthcare, fintech, hospitality, IT and property.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                          John Croft 
     ----------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status               Executive Chairman 
     ----------------------------  ----------------------------------------- 
 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                           2138005R4IVX4O3IQ543 
     ----------------------------  ----------------------------------------- 
 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 the            Ordinary Shares at a weighted average 
       financial instrument,         price of 21.47p each 
       type of instrument 
 
       Identification code           VGG008271246 
     ----------------------------  ----------------------------------------- 
 b)   Nature of the transaction     Purchase of ordinary shares 
     ----------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)         Price(s)   Volume(s) 
                                      20.22p     3,500 
                                       21.67p     10,500 
                                       21.59p     19,000 
                                                ---------- 
     ----------------------------  ----------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume       33,000 
                                      GBP 7,085 
 
         *    Price 
     ----------------------------  ----------------------------------------- 
 e)   Date of the transaction       20(th) ,23(rd) and 27(th) November 2020 
     ----------------------------  ----------------------------------------- 
 f)   Place of the transaction      London Stock Exchange 
     ----------------------------  ----------------------------------------- 
 

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December 01, 2020 06:52 ET (11:52 GMT)