ADAM has announced a fully underwritten Open Offer and Placing which will raise £3,134,710 (before expenses). The new ordinary shares will be issued at 25p, a 13.8% discount to last night’s closing price and, on a per share basis, a discount of c. 60% to the audited net asset value of USD100.9m at 31 Dec 2019. One Open Offer Warrant is issued with each share – it has an exercise price of 40p and a three-year exercise period from date of issue. ADAM has received binding commitments to subscribe for any new shares and attached warrants not taken up by shareholders under the Open Offer. The new shares are expected to be admitted to trading on AIM on or near 7 September 2020.
17 Jul 2020
Funds secured to drive portfolio growth
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Funds secured to drive portfolio growth
Jade Road Investments Limited (JADE:LON) | 1.4 0 0.0% | Mkt Cap: 4.89m
- Published:
17 Jul 2020 -
Author:
Roger Leboff -
Pages:
2
ADAM has announced a fully underwritten Open Offer and Placing which will raise £3,134,710 (before expenses). The new ordinary shares will be issued at 25p, a 13.8% discount to last night’s closing price and, on a per share basis, a discount of c. 60% to the audited net asset value of USD100.9m at 31 Dec 2019. One Open Offer Warrant is issued with each share – it has an exercise price of 40p and a three-year exercise period from date of issue. ADAM has received binding commitments to subscribe for any new shares and attached warrants not taken up by shareholders under the Open Offer. The new shares are expected to be admitted to trading on AIM on or near 7 September 2020.