ADES International Holding PLC Transaction in Own Shares (0376M)
06 May 2020 - 4:00PM
UK Regulatory
TIDMADES
RNS Number : 0376M
ADES International Holding PLC
06 May 2020
ADES INTERNATIONAL HOLDING PLC -
Transaction in Own Shares
6 May 2020
Ades International Holding PLC (the "Company") announces that it
has purchased, in accordance with the shareholder authority granted
at the Company's EGM on 30th October 2019, the following number of
ordinary shares USD1.00 (DI) each ("Ordinary Shares") in the
capital of the Company as part of the buyback programme announced
on 29 November 2019:
-- Number of ordinary shares purchased: 15,000
-- Date of purchase: 5(th) May 2020
-- The average price paid per Ordinary Share was US$8.73 per share.
-- The highest price paid was US$8.75 and the lowest price paid was US$8.70 per share.
-- This represents 0.03% of the issued share capital of the Company (excluding treasury shares).
-- The broker used was Investec Bank plc.
Following the purchase, the total number of ordinary shares held
as treasury shares is 550,949
As at the close of business on 5(th) May 2020, the Company had
43,793,882 ordinary shares (including treasury shares) in issue.
Therefore, the total number of voting rights in the Company is
43,242,933 which may be used by shareholders as the denominator for
the calculation 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.
All transactions under this programme will be published on the
Company's website ( investors.adihgroup.com ) on a daily basis.
-Ends-
Enquiries
ADES International Holding
Hussein Badawy
Investor Relations Officer ir@adesgroup.com +971 4355 0255
Instinctif
Mark Garraway mark.garraway@instinctif.com +44 (0)20 7457 2020
Dinara Shikhametova dinara.shikhametova@instinctif.c
om
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-six 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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END
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