12 Jan 2021 07:00
ADES INTERNATIONAL HOLDING PLC -
Transaction in Own Shares聽
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12 January 2021
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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 and 22nd June 2020, 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:
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路 Number of ordinary shares purchased: 200
路 Date of purchase: 11th January 2021
路 The average price paid per Ordinary Share was US$9.95 per share.
路 The highest and the lowest price paid per share was US$9.95.
路 This represents 0.0005% of the issued share capital of the Company.
路 The broker used was Investec Bank plc.
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Following the purchase, the total number of ordinary shares held as treasury shares is 2,542,682
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As at the close of business on 11th January 2021, the Company had 43,793,882 ordinary shares (including treasury shares) in issue. Therefore, the total number of voting rights in the Company is 41,251,200 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.
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In accordance with DTR 5.5.1 the Company announces that following this purchase the percentage of voting rights attributable to the shares the Company holds in treasury is now 5.81 per cent.
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All transactions under this programme will be published on the Company's website (investors.adihgroup.com) on a daily basis.
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-Ends-
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About ADES International Holding (ADES)
ADES聽International聽Holding聽extends聽oil聽and聽gas聽drilling聽and聽production聽services聽through聽its聽subsidiaries聽and聽is聽a聽leading service provider in the Middle East and North Africa, offering onshore and offshore contract drilling as well as workover and production services.聽Its聽c.3,500 employees聽serve聽clients聽including聽major聽national聽oil聽companies聽("NOCs")聽such聽as Saudi Aramco and Kuwait Oil Company as well聽as聽joint聽ventures聽of聽NOCs聽with聽global聽majors聽including聽BP聽and聽Eni. While maintaining a superior health, safety and environmental record, the Group currently has a fleet of thirty-six onshore聽drilling聽rigs,聽thirteen jack-up offshore drilling rigs, a聽jack-up聽barge,聽and聽a聽mobile聽offshore聽production聽unit聽("MOPU"),聽which聽includes聽a聽floating聽storage and offloading聽unit. For more information, visit聽investors.adihgroup.com
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