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REG - Adams PLC - Announcement by WANdisco

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RNS Number : 4886S  Adams PLC  09 March 2023

Adams plc

("Adams" or the "Company")

Announcement by WANdisco

 

The Board of Adams notes the announcement made this morning by WANdisco plc
("WANdisco") regarding certain irregularities with regard to received purchase
orders and related revenue and bookings that give rise to a potential material
mis-statement of WANdisco's financial position.  As a result, WANdisco has
requested that its shares be suspended from trading on AIM while it conducts
an investigation with its external legal and professional advisers into the
nature of this activity and its true financial position.

The WANdisco announcement can be viewed in full via the link below:

https://www.londonstockexchange.com/news-article/WAND/trading-revision/15867764
(https://www.londonstockexchange.com/news-article/WAND/trading-revision/15867764)

Adams has an interest in 85,000 ordinary shares in WANdisco which it acquired
in December 2022 for a consideration of approximately £592,000.

 

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 Capital Limited
 Heena Karani, Martin Lampshire  Tel:  +44 207 469 3393

 

This announcement contains inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014 ("MAR") as retained as part of UK law by
virtue of the European Union (Withdrawal) Act 2018 as amended.

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