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RNS Number : 7733S
ADES International Holding PLC
08 November 2019
 

8 November 2019

ADES INTERNATIONAL HOLDING PLC

Director Dealing

Ades International Holding PLC (LSE: ADES) ("ADES" or the "Company") was notified on 8 November 2019 that Dr. Mohamed Farouk Abdelkhalek, CEO of the Company, purchased 1500 of the Company's US$1.00 ordinary shares ("Shares") at average price of US$ 12.955 each.  Following this transaction Dr. Mohamed Farouk Abdelkhalek has direct and indirect beneficial interests in 2,074,669 Shares representing 4.74 % of the Company's issued share capital.

Further information

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transactions as described at the beginning of this announcement.

 

1.   

Details of the person discharging managerial responsibilities/person closely associated

 

a)   

Name

Dr. Mohamed Farouk Abdelkhalek

2.   

Reason for the notification

 

a)   

Position/status

 CEO

b)   

Initial notification/ Amendment

Initial notification

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)   

Name

Ades International Holding PLC

b)   

LEI

213800WADXE5U3ZY1K46

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)   

Description of the financial instrument, type of instrument

 

Ordinary Shares of UD1.00

Identification code

AEDFXA1EN018

b)   

Nature of the transaction

Purchase of ordinary shares by

c)   

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

12.85

500

13.00

500

13.02

500

 

d)   

Aggregated information
 

 

- Aggregated volume
 

1500

- Price
 

US$ 19,432.60

e)   

Date of the transaction

5 November 2019

f)    

Place of the transaction

London Stock Exchange

 

 

 

 

ADES International Holding

 

 

Hussein Badawy

 

 

Investor Relations Officer

[email protected]

+971 4355 0255

 

 


 


 

Instinctif


 


 

David Simonson

[email protected]

+44 (0)20 7457 2020

Dinara Shikhametova

[email protected]

 

Sarah Hourahane

[email protected]

 

 

About ADES International Holding (ADES)

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 North Africa, offering onshore and offshore contract drilling as well as workover and production services.

 Its c.4,000 employees serve clients including major national oil companies ("NOCs") such as Saudi Aramco and Kuwait Oil Company 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 thirty-four 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

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHLIFITLSLTIIA

Quick facts: ADES International Holding PLC

Price: 11.3

Market: LSE
Market Cap: $493.4 m
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