Adamas Finance Asia Limited Director/PDMR Shareholding (9009S)

TIDMADAM

RNS Number : 9009S

Adamas Finance Asia Limited

29 December 2016

ADAMAS FINANCE ASIA LIMITED

("ADAM" or the "Company")

Director/PDMR Shareholding

The Company was notified on 28 December 2016 that Barry Lau, Managing Partner of the Company's investment manager, Adamas Asset Management (HK) Limited, acquired 10,000 ordinary shares of no par value each in ADAM on 22 December 2016 at a price of US$0.625 per share.

As a result, Mr. Lau is interested in 649,022 ordinary shares, representing 0.34% 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 /Amendment                          Initial notification 
----  -------------------------------------------------------  ------------------------------------------------------- 
  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 the financial instrument, type of         Ordinary shares of no par value in Adamas Finance 
        instrument                                               Asia Limited 
 
        Identification code                                      VGG008271162 
----  -------------------------------------------------------  ------------------------------------------------------- 
  b)    Nature of the transaction                                Acquisition of shares 
----  -------------------------------------------------------  ------------------------------------------------------- 
  c)    Price(s) and volume(s)                                      Price(s)    Volume(s) 
                                                                   ----------  ----------- 
                                                                        0.625     10,000 
                                                                   ----------  ----------- 
----  -------------------------------------------------------  ------------------------------------------------------- 
  d)    Aggregated information 
 
         - Aggregated volume 
                                                                  10,000 
         - Price 
                                                                  US$6,250 
----  -------------------------------------------------------  ------------------------------------------------------- 
  e)    Date(s) of the transaction                               22 December 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 
Ed Allsopp 
 
 
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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December 29, 2016 02:00 ET (07:00 GMT)