Share Name Share Symbol Market Type Share ISIN Share Description
Ades International Holding Plc LSE:ADES London Ordinary Share AEDFXA1EN018 ORD USD1.00 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 12.35 12.00 12.70 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 452.1 31.0 46.0 26.8 510

ADES International Holding PLC ADES EGM April 2021 Results

12/04/2021 4:43pm

UK Regulatory (RNS & others)

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From Mar 2021 to Jun 2021

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RNS Number : 1997V

ADES International Holding PLC

12 April 2021


EGM Results

( London & Dubai, 12 April 2021 ) Further to the announcements of 8 March 2021, 11 March 2021 and 18 March 2021, 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 resolution (the " Resolution ") proposed at the Extraordinary General Meeting of the Company held today was duly passed.

Details of the Resolution were set out in the circular to shareholders dated 18 March 2021 , which is available on the Company's investor relations website ( ).

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

 Resolution                               Votes For         Votes Against    Votes Withheld 
                                       Number       %      Number      %         Number 
                                    -----------  -------  --------  ------  --------------- 
 1. Disapplication of pre-emption 
  rights in relation to the 
  treasury shares                    29,294,183   99.11%   263,354   0.89%     1,470,927 
                                    -----------  -------  --------  ------  --------------- 


(a) The Resolution was passed.

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

(c) The total number of ordinary shares (excluding the 2,544,382 treasury shares which were the subject of the Resolution) entitled to vote on the Resolution at close of business (UK time) on Wednesday 7 April 2021 (being the reference time for assessing entitlement to vote on the Resolution) was 41,249,500 ordinary shares of US$1 each.

In accordance with Listing Rule 14.3.6, copies of the Resolution passed will shortly be submitted to the National Storage Mechanism at

Further announcements in connection with the recommended offer by Innovative Energy Holding Ltd ( " Innovative Energy " ) for the entire issued and to be issued ordinary share capital of the Company not already owned by Innovative Energy and its associates (as first announced on 8 March 2021) will be made as appropriate.

For further information, please contact:

ADES International Holding

Hussein Badawy

Investor Relations Officer

+202 385 25354 (Ext. 350)


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(END) Dow Jones Newswires

April 12, 2021 11:43 ET (15:43 GMT)

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