REG - Adams PLC - Disposal

AdamsAnnouncement

17/12/2019 09:00

RNS Number : 1342X
Adams PLC
17 December 2019
 


Adams plc
("Adams" or the "Company")
Disposal
 
The Directors announce that, on 16 December 2019, Adams sold the whole of its remaining holding of 275,643 ordinary shares of US$0.02 each in Petrofac Limited on the Main Market of the London Stock Exchange at a price of £4.01 per share for a total cash consideration of £1,104,656. Following this disposal, the Company will have cash balances of approximately £1,600,000.  The Directors intend to reinvest the proceeds of the disposal in accordance with the Company's Investing Policy.
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
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



 




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