Disposal
06/10/2017 12:28
RNS Number : 9624S
Adams PLC
06 October 2017
Adams plc
("Adams" or the "Company")
Disposal
The Directors announce that, on 5 October 2017, Adams sold a holding of 68,753 ordinary shares of 0.01 in GVC Holdings plc on the Main Market of the London Stock Exchange at a price of 850 pence per share for a total cash consideration of 584,400. Following this disposal, the Company will have cash balances of approximately 660,000. The Directors intend to reinvest the proceeds of the disposal in accordance with the Company's Investing Policy.
Enquiries:
| Adams plc | |
| Mike Bretherton | Tel: +44 1534 719 761 |
| Nomad | |
| Cairn Financial Advisers LLP | |
| Sandy Jamieson, James Caithie | Tel: +44 207 213 0880 |
| Broker | |
| Peterhouse Corporate Finance Limited | |
| Lucy Williams, Duncan Vasey | Tel: +44 207 469 0930 |