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Results of EGM Held in October 2019

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RNS Number : 7563R
ADES International Holding PLC
31 October 2019
 

 

ADES International Holding PLC

EGM Results

(London & Dubai, 31 October 2019) ADES International Holding PLC ("ADES" or the "Company"), a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), announces that the resolutions (the "Resolutions") proposed at the Extraordinary General Meeting of the Company held today were duly passed.

Details of the Resolutions were set out in the circular to shareholders dated 15 October 2019, which is available on the Company's investor relations website (investors.adihgroup.com).

Details of the proxy votes received in respect of the Resolutions are set out below:

Resolution

Votes For

Votes Against

Votes Withheld

Number

%

Number

%

Number

1.   Authority for the Company to make market purchases of its own shares

32,163,725

92.88%

2,464,406

7.12%

0

2.   Amendments to the articles of association of the Company

29,048,301

83.89%

5,579,830

16.11%

0

Notes:

(a)  All resolutions were passed.

(b)  The votes "For" and "Against" are expressed in percentage of the votes received.

(c)  The total number of shares in issue at close of business (UK time) on Friday 25 October 2019 (being the reference time for assessing entitlement to vote on the Resolutions) was 43,793,882 ordinary shares of US$1 each.

For further information, please contact:

ADES International Holding

Hussein Badawy

Investor Relations Officer

[email protected]

+2 (0)2527 7111

About ADES International Holding:

ADES International Holding extends oil and gas drilling and production services through its subsidiaries and is a leading service provider in the Middle East and Africa, offering onshore and offshore contract drilling as well as workover and production services. It has over 3,400 employees serving clients including major national oil companies ("NOCs") such as Saudi Aramco, Kuwait Oil Company and Sonatrach as well as joint ventures of NOCs with global majors including BP and Eni. While maintaining a superior health, safety and environmental record, the Group currently has a fleet of twenty-six onshore drilling rigs, thirteen jack-up offshore drilling rigs, a jack-up barge, and a mobile offshore production unit ("MOPU"), which includes a floating storage and offloading unit. For more information, visit investors.adihgroup.com. 

 

-Ends-


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END
 
 
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