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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Adams Plc | LSE:ADA | London | Ordinary Share | IM00B986V543 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.50 | 5.00 | 8.00 | 6.50 | 6.50 | 6.50 | 0.00 | 08:00:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | -2.19M | -2.37M | -0.0162 | -4.01 | 9.48M |
TIDMADA
RNS Number : 6253V
Adams PLC
15 April 2021
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR") AND THE RETAINED UK LAW VERSION OF MAR PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019 (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA THE REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
All of the defined terms in this announcement have the same meaning as in the circular published by the Company and sent to Shareholders on 26 March 2021.
15 April 2021
Adams plc
("Adams" or the "Company")
Result of Open Offer
Open Offer
Adams is pleased to confirm that it has received valid applications in respect of 54,655,999 Open Offer Shares raising GBP3,552,640 for the Company (before expenses), pursuant to the Open Offer announced on 26 March 2021. Qualifying Shareholders who validly applied for Open Offer Shares pursuant to their Open Offer Entitlement will receive the full amount of Open Offer Shares applied for. The applications included an application by Richard Griffiths for 47,872,535 Open Offer Shares and an application by David Richardson for 6,018,185 Open Offer Shares.
Application has been made for the admission of the 54,655,999 Open Offer Shares to trading on AIM, with Admission expected to become effective at 8.00 a.m. on 21 April 2021. The Open Offer Shares will, when issued and fully paid, rank pari passu in all respects with the Existing Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid after the date of Admission.
Substantial Shareholder
Following Admission, Richard Griffiths and David Richardson will have the following interests in the Ordinary Shares in the Company:
Name Number of Ordinary % of Issued Shares Share Capital Richard Griffiths 111,702,582 76.58 David Richardson 14,042,432 9.63
Directors Holdings
The Directors' interests in the Ordinary Shares in the Company following completion of the Placing and Open Offer are as follows:
Director Interest in Ordinary % of Enlarged Share Shares Capital after Open Offer Admission Michael Bretherton 1,385,000 0.95 Andrew Mitchell 308,000 0.21 Nicholas Woolard 0 0
Total voting rights
Following Admission, the number of Ordinary Shares in issue will be 145,859,231. For the purposes of the Disclosure Guidance and Transparency Rules, the total number of voting rights in the Company with effect from 21 April 2021 will be 145,859,231. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company, under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries:
Adams plc Mike Bretherton Tel: +44 1534 719761 Nomad - Cairn Financial Advisers LLP Sandy Jamieson, James Caithie Tel: +44 207 213 0880 Broker - Peterhouse Capital Limited Heena Karani/Duncan Vasey Tel: +44 207 469 0933
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(END) Dow Jones Newswires
April 15, 2021 07:48 ET (11:48 GMT)
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