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Adamas Fin Asia Ltd - Share Buyback Programme

RNS Number : 4435W
Adamas Finance Asia Limited
18 August 2020
 

18 August 2020

 

ADAMAS FINANCE ASIA LIMITED

("ADAM" or the "Company")

Share Buyback Programme

 

Adamas Finance Asia Limited, the London quoted pan-Asian diversified investment vehicle focused on providing shareholders with attractive uncorrelated, risk adjusted long-term returns, announces that it intends to utilise its Share Buyback Programme, originally announced in February 2019, to enter the market and purchase its own shares when opportunities arise to purchase them at or below current levels where we believe the Company is significantly undervalued.

Due to its long-standing commitment to ensuring an orderly market for its securities, the Company wishes to reiterate that its Share Buyback Programme, as updated to the Market on the 23rd of December 2019, is still active. Under its previously announced program, the Company has the authority to purchase up to a total of GBP543,340 (USD700,000) in its own stock.   To date, the Company has purchased and holds 2,052,804 shares in Treasury acquired at a net cost of GBP302,000 (USD397,000).

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

+44 (0) 778 531 5588

John Croft




WH Ireland Limited - Nominated Adviser

+44 (0) 20 7220 1666

James Joyce


James Sinclair Ford




Pello Capital Limited - Corporate Broker

+44 (0) 20 3700 2500

Mark Treharne




Maitland/AMO - Communications Advisor

+44 (0) 20 7379 5151

James Benjamin


Peter Hamid


 

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. 

 

 

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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Quick facts: Adamas Finance Asia Limited

Price: -

Market: AIM
Market Cap: -
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