ADES International Holding PLC Director Dealing (0504O)
September 30 2019 - 1:03AM
UK Regulatory
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.
END
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