RNS Number : 5909O
ADES International Holding PLC
03 October 2019
 

 

3 October 2019

 

ADES INTERNATIONAL HOLDING PLC

Director Dealing

Ades International Holding PLC (LSE: ADES) ("ADES" or the "Company") was notified on  2  October 2019 that Dr. Mohamed Farouk Abdelkhalek, CEO of the Company, purchased 4,500 of the Company's US$1.00 ordinary shares ("Shares") at average price of US$ 13.63 each.  Following this transaction Dr. Mohamed Farouk Abdelkhalek has direct and indirect beneficial interests in 2,062,969 Shares representing 4.71 % 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/ Amendment

Initial notification

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 instrument, type of instrument

 

Ordinary Shares of UD1.00

Identification code

AEDFXA1EN018

b)   

Nature of the transaction

Purchase of ordinary shares by

c)   

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

13.5

500

13.5

500

13.6

500

13.66

500

13.6

500

13.6

1000

13.8

500

13.8

500

 

d)   

Aggregated information
 

 

- Aggregated volume
 

4,500

- Price
 

US$ 61,330

e)   

Date of the transaction

2 October 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

 


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