Atlas Dev & Support Services Ltd Statement Re Share Price Movement (2683B)

TIDMADSS

RNS Number : 2683B

Atlas Dev & Support Services Ltd

05 October 2015

Atlas Development & Support Services Limited / Ticker: ADSS / Index: AIM / Sector: Support Services

05 October 2015

Atlas Development & Support Services Limited

('Atlas Development' or the 'Company')

Share Price Movement

Atlas Development (AIM, NSE: ADSS) the Kenyan headquartered, African focussed support services and logistics company, notes the movement in the Company's share price.

As noted in the Company's interim results announcement on 17 September 2015, in light of the current state of the oil and gas market, the Company continues to implement initiatives aimed at further diversifying the Company's offering and identifying new sectors of operation. In particular the Company is targeting increased workflow arising from potash development in Ethiopia.

Further announcements will be made, if appropriate, in due course.

** ENDS **

For further information please visit www.atlassupport.com or contact:

 
 Carl Esprey        Atlas Development    Tel: +44 (0) 
                                          20 7408 9200 
 Callum Stewart     Stifel Nicolaus      Tel: +44 (0) 
                     Europe Limited       20 7710 7600 
 Ashton Clanfield   Stifel Nicolaus      Tel: +44 (0) 
                     Europe Limited       20 7710 7600 
 Edward Burbidge    Burbidge Capital     Tel: +254 (0) 
                                          202 100 102 
 Charlotte          St Brides Partners   Tel: +44 (0) 
  Heap               Ltd                  20 7236 1177 
 

Notes to Editors

Atlas Development is a support services and logistics company with operations spanning Kenya, Mozambique, Tanzania, Ethiopia and Western Sahara.

Its three core divisions are delineated as follows:

   --     Atlas Technical: civil engineering, workforce accommodation and construction 
   --     Atlas Services: medical and facilities management 
   --     Atlas Logistics: fuel solutions, storage and transportation 

Through these three core divisions, Atlas Development provides turn-key support for a range of major energy and natural resource exploration and development companies operating across East Africa. The Board believe there is considerable opportunity to leverage the Company's established position to further expand its operational footprint across sub-Saharan Africa and beyond and diversify its service offering to provide additional long-term visible revenue streams.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 05, 2015 09:56 ET (13:56 GMT)