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Adams Plc (ADA) Ordinary GBP0.01

Sell:5.00p Buy:8.00p 0 Change: No change
Market closed Prices as at close on 28 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:5.00p
Buy:8.00p
Change: No change
Market closed Prices as at close on 28 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Sell:5.00p
Buy:8.00p
Change: No change
Market closed Prices as at close on 28 March 2024 Prices delayed by at least 15 minutes | Switch to live prices |
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

The Board is seeking to acquire a direct and/or indirect interests in special situation investment opportunities that have an element of distress, dislocation, dysfunction or other special situation attributes and that they perceive to be undervalued. The principal focus is in the small to middle-market capitalisation sectors in the UK or Europe, but the directors will also consider possible special situation opportunities anywhere in the world if they believe there is an opportunity to generate added value for shareholders.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

A variable fee starting at GBP 1.86m p.a. and decreasing as core assets are sold. It is expected to reduce at an annualised rate of 22% p.a. The adviser is entitled to a sales fee of 0.5% of the gross property sale value of each asset. The manager will also receive a performance fee equal to 10% of any return above a distribution to shareholders in excess of a EUR 0.1725 hurdle and 25% of any return above a EUR 0.345 hurdle.

Dividend Policy

The level of regular distribution will ultimately be dependent upon the average rental and other income generated from the property portfolio and the creation of realised gains. There were no dividends proposed or paid in the current or prior financial years.

ASSET SPLIT

Total number of holdings: 3.

Trust Manager

Nicholas Nelson

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Michael BrethertonChairman, Nicholas Woolard, Andrew Mitchell

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.