TIDMADAM

RNS Number : 3072L

Adamas Finance Asia Limited

11 January 2021

ADAMAS FINANCE ASIA LIMITED

(" ADAM " or the " Company ")

Director Dealings

The Company has been notified on 11(th) January 2021 that Mr. John Croft, Executive Chairman of the Company, has purchased a total of 12,000 ordinary shares at a weighted average price of 24.98 pence per ordinary share. The purchases, all part of one order, took place on 4(th) January (5,000 shares), 7(th) January (5,000 shares), and 8(th) January 2021 (2,000 shares), respectively. Following these transactions, Mr. John Croft holds 130,463 ordinary shares representing 0.11% of the voting rights in the issued share capital of the Company, excluding shares held in treasury.

For further information, 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               +44 (0) 778 531 5588 
 John Croft 
                                          --------------------- 
 
 WH Ireland Limited - Nominated Adviser    +44 (0) 20 7220 1666 
                                          --------------------- 
 James Joyce 
                                          --------------------- 
 James Sinclair-Ford 
                                          --------------------- 
 
 Hybridan LLP - Corporate Broker           +44 (0) 20 3764 2341 
                                          --------------------- 
 Claire Louise Noyce 
                                          --------------------- 
 
 

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 24.98p 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) 
                                       23.95p     5,000 
                                        25.73p     5,000 
                                        25.65p     2,000 
                                                 ---------- 
     -----------------------------  ---------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume        12,000 
                                       GBP 2,997.6 
 
         *    Price 
     -----------------------------  ---------------------------------------- 
 e)   Date of the transaction        4(th) ,7(th) and 8(th) January 2021 
     -----------------------------  ---------------------------------------- 
 f)   Place of the transaction       London Stock Exchange 
     -----------------------------  ---------------------------------------- 
 

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END

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January 11, 2021 12:17 ET (17:17 GMT)

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