TIDMADES

RNS Number : 3403V

ADES International Holding PLC

13 April 2021

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

AEDFXA1EN018

Issuer Name

ADES International Holding PLC

UK or Non-UK Issuer

Non-UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

ADES Investments Holding Ltd.

City of registered office (if applicable)

Dubai

Country of registered office (if applicable)

United Arab Emirates

4. Details of the shareholder

Is the shareholder the same as the person subject to the notification obligation, above?

No

 
  NAME                          CITY OF REGISTERED    COUNTRY OF REGISTERED 
                                 OFFICE                OFFICE 
   Innovative Energy Holding     Dubai                 United Arab Emirates 
    Ltd. 
                              ====================  ======================= 
 

5. Date on which the threshold was crossed or reached

12-Apr-2021

6. Date on which Issuer notified

13-Apr-2021

7. Total positions of person(s) subject to the notification obligation

 
                              % of voting rights     % of voting               Total of both    Total number of voting 
                               attached to shares     rights through            in % (8.A +      rights held in issuer 
                               (total of 8.A)         financial instruments     8.B) 
                                                      (total of 8.B 
                                                      1 + 8.B 2) 
   Resulting situation 
    on the date on which 
    threshold was crossed 
    or reached                 63.880000              0.000000                  63.880000        26349242 
                            =====================  ========================  ===============  ======================== 
   Position of previous 
    notification (if 
    applicable) 
                            =====================  ========================  ===============  ======================== 
 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

 
CLASS/TYPE OF SHARES    NUMBER OF DIRECT        NUMBER OF INDIRECT      % OF DIRECT VOTING      % OF INDIRECT VOTING 
ISIN CODE(IF POSSIBLE)  VOTING RIGHTS (DTR5.1)  VOTING RIGHTS           RIGHTS (DTR5.1)         RIGHTS (DTR5.2.1) 
                                                (DTR5.2.1) 
AEDFXA1EN018               26349242                0                       63.880000               0.000000 
                        ======================  ======================  ======================  ====================== 
Sub Total 8.A              26349242                                        63.880000% 
                        ==============================================  ============================================== 
 

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 
TYPE OF FINANCIAL           EXPIRATION DATE  EXERCISE/CONVERSION PERIOD  NUMBER OF VOTING RIGHTS    % OF VOTING RIGHTS 
INSTRUMENT                                                               THAT MAY BE ACQUIRED IF 
                                                                         THE INSTRUMENT IS 
                                                                         EXERCISED/CONVERTED 
 
Sub Total 8.B1 
                            ===========================================  =========================  ================== 
 

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

 
TYPE OF FINANCIAL   EXPIRATION DATE  EXERCISE/CONVERSION  PHYSICAL OR CASH     NUMBER OF VOTING     % OF VOTING RIGHTS 
INSTRUMENT                           PERIOD               SETTLEMENT           RIGHTS 
 
Sub Total 8.B2 
                    =========================================================  ===================  ================== 
 

9. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

 
Ultimate Controlling         Name of controlled     % of voting           % of voting rights     Total of both if 
 Person                       undertaking            rights if             through financial      it equals or is 
                                                     it equals             instruments if         higher than the 
                                                     or is higher          it equals or is        notifiable threshold 
                                                     than the notifiable   higher than the 
                                                     threshold             notifiable threshold 
   Intro Investments 
    Holding                     Innovative Energy 
    Ltd.                         Holding Ltd.          63.880000             0.000000               63.880000 
                             =====================  ====================  =====================  ===================== 
 

10. In case of proxy voting

Is there proxy voting?

No

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

Innovative Energy Holding Ltd is a direct wholly owned subsidiary of ADES Investment Holding Ltd, an entity whose ultimate controlling person is Intro

Investments Holding Ltd.

12. Date of Completion

13. Place Of Completion

Dubai, United Arab Emirates

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April 13, 2021 09:36 ET (13:36 GMT)