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% 12.80 12.40 12.80 12.80 12.80 12.80 100 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 205.6 75.0 165.0 7.8 540

ADES International Holding PLC Director Dealing

21/10/2019 7:00am

UK Regulatory (RNS & others)


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ADES International Holding PLC

21 October 2019

21 October 2019

ADES INTERNATIONAL HOLDING PLC

Director Dealing

Ades International Holding PLC (LSE: ADES) ("ADES" or the "Company") was notified on 19 October 2019 that Dr. Mohamed Farouk Abdelkhalek, CEO of the Company, purchased 1,000 of the Company's US$1.00 ordinary shares ("Shares") at average price of US$ 13 each. Following this transaction Dr. Mohamed Farouk Abdelkhalek has direct and indirect beneficial interests in 2,068,969 Shares representing 4.72 % 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) 
                                                13         500 
                                                          ---------- 
      -------------------------------------  --------------------------------- 
 d)    Aggregated information 
      -------------------------------------  --------------------------------- 
  - Aggregated volume                         500 
 ------------------------------------------  --------------------------------- 
  - Price                                     US$ 6,500 
 ------------------------------------------  --------------------------------- 
 e)    Date of the transaction                17 October 2019 
      -------------------------------------  --------------------------------- 
 f)    Place of the transaction               London Stock Exchange 
      -------------------------------------  --------------------------------- 
 g) 
                                             --------------------------------- 
 
 
      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) 
                                                     13.00      500 
                                                               ---------- 
           -------------------------------------  --------------------------------- 
 d)         Aggregated information 
           -------------------------------------  --------------------------------- 
  - Aggregated volume                              500 
 -----------------------------------------------  --------------------------------- 
  - Price                                          US$ 6,500 
 -----------------------------------------------  --------------------------------- 
 e)         Date of the transaction                18 October 2019 
           -------------------------------------  --------------------------------- 
 f)         Place of the transaction               London Stock Exchange 
           -------------------------------------  --------------------------------- 
 
 
 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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