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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 | 0.00% | 12.35 | 12.00 | 12.70 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMADES
RNS Number : 0504O
ADES International Holding PLC
30 September 2019
30 September 2019
ADES INTERNATIONAL HOLDING PLC
Director Dealing
Ades International Holding PLC (LSE: ADES) ("ADES" or the "Company") was notified on 27 September 2019 that Dr. Mohamed Farouk Abdelkhalek, CEO of the Company, purchased 11,000 of the Company's US$1.00 ordinary shares ("Shares") at average price of US$ 12.87 each. Following this transaction Dr. Mohamed Farouk Abdelkhalek has direct and indirect beneficial interests in 2,050,969 Shares representing 4.68 % 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/ Initial notification Amendment ------------------------------------- --------------------------------- 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 Ordinary Shares of UD1.00 instrument, type of instrument ------------------------------------- --------------------------------- Identification code AEDFXA1EN018 ------------------------------------- --------------------------------- b) Nature of the transaction Purchase of ordinary shares by [--] ------------------------------------- --------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) 12.63 2000 ---------- 12.71 2000 ---------- 12.94 6000 ---------- 13.20 1000 ---------- ------------------------------------- --------------------------------- d) Aggregated information ------------------------------------- --------------------------------- - Aggregated volume 11,000 ------------------------------------------ --------------------------------- - Price US$ 141,520 ------------------------------------------ --------------------------------- e) Date of the transaction 27 September 2019 ------------------------------------- --------------------------------- f) Place of the transaction London Stock Exchange ------------------------------------- --------------------------------- g) --------------------------------- ADES International Holding Hussein Badawy Investor Relations Officer ir@adesgroup.com +971 4355 0255 Instinctif David Simonson david.simonson@instinctif.com +44 (0)20 7457 2020 Dinara Shikhametova dinara.shikhametova@instinctif.com Sarah Hourahane sarah.hourahane@instinctif.com
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 rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
September 30, 2019 02:03 ET (06:03 GMT)
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