Adamas Finance Asia Limited Director/PDMR Shareholding (5256F)

TIDMADAM

RNS Number : 5256F

Adamas Finance Asia Limited

29 October 2018

ADAMAS FINANCE ASIA LIMITED

("ADAM" or the "Company")

Director/PDMR Shareholding

The Company was notified on 26 October 2018 that Barry Lau, Managing Partner of Adamas Asset Management (HK) Limited (which is associated with the Company's investment manager, Harmony Capital Investors Limited), acquired (via Surplus Gains Global Limited, a special purpose vehicle of which Mr Lau is the ultimate beneficial owner ("Surplus Gains"), 2,700,000 ordinary shares of no par value each in ADAM on 26 October 2018 for nil consideration but as supporting collateral for investments to be made on behalf of the transferors of the shares by Surplus Gains.

As a result, Mr. Lau is interested in 3,160,568 ordinary shares, representing 3.9% of the Company's issued share capital.

The attached notification gives further detail made in accordance with the requirements of the EU Market Abuse Regulation.

 
  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 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                                                      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 financial instrument, type of         Ordinary shares of no par value in Adamas Finance 
        instrument                                               Asia Limited 
 
        Identification code                                      VGG008271246 
      -------------------------------------------------------  ------------------------------------------------------- 
  b)    Nature of the transaction                                Acquisition of shares 
      -------------------------------------------------------  ------------------------------------------------------- 
  c)    Price(s) and volume(s)                                      Price(s)     Volume(s) 
                                                                           nil    2,700,000 
                                                                                ----------- 
      -------------------------------------------------------  ------------------------------------------------------- 
  d)    Aggregated information 
 
         - Aggregated volume 
                                                                   2,700,000 
         - Price 
                                                                   USD nil 
      -------------------------------------------------------  ------------------------------------------------------- 
  e)    Date(s) of the transaction                               26 October 2018 
      -------------------------------------------------------  ------------------------------------------------------- 
  f)    Place of the transaction                                 Off market 
 
 

Enquiries:

 
Adamas Finance Asia Limited 
John Croft                               [phone] 
 
 
WH Ireland Limited - Nominated Adviser 
Tim Feather 
 James Sinclair-Ford                    [phone] 
 
 
Shard Capital Partners LLP - Broker 
Philip Pooley                           [phone] 
 
 
Buchanan - Financial PR 
 Charles Ryland 
 Henry Wilson                           [phone] 
 

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October 29, 2018 05:53 ET (09:53 GMT)