ADES International Holding ADES Admission of New Ordinary Shares (6103C)

TIDMADES

RNS Number : 6103C

ADES International Holding

01 October 2018

ADES International Holding Ltd

Admission of Ordinary Shares

(London & Dubai, 1 October 2018) ADES International Holding Ltd. ("ADES" or the "Company") (LON: ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, announces that further to the issue of shares to Nabors Industries Ltd in connection with the acquisition of three operating offshore jack-up rigs in the Arabian Gulf, an application has been made to the UK Listing Authority for the admission of 1,590,852 ordinary shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities. Admission is expected to commence on 4 October 2018. The additional ordinary shares rank pari passu in all respects with the existing ordinary shares in issue.

Following the issue of the ordinary shares to Nabors in June 2018, the share capital of the Company consists of 43,793,882 ordinary shares. Therefore the total number of voting rights in the Company is 43,793,882 which may be used by shareholders or other persons as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

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Enquiries

 
   ADES International 
    Holding 
    Hussein Badawy Investor      [e-mail] 
    Relations Officer T: 
    [phone] 
 
 
   Instinctif 
                                                                 [phone] 
   David Simonson               [e-mail]              2020 
                                                                 [phone] 
   George Yeomans               [e-mail]              2020 
                                                                 [phone] 
   Sarah Hourahane              [e-mail]             2020 
 

NOTES TO EDITORS

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 contract drilling as well as workover and production services. Its over 1,600 employees serve clients including major national oil companies ("NOCs") such as Saudi Aramco 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 thirteen jack-up offshore drilling rigs, three onshore 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.

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October 02, 2018 02:00 ET (06:00 GMT)