ADES International : Director Dealing

RNS Number : 7733S

ADES International Holding PLC

08 November 2019

8 November 2019

ADES INTERNATIONAL HOLDING PLC

Director Dealing

Ades International Holding PLC (LSE: ADES) ("ADES" or the "Company") was notified on 8 November 2019 that Dr. Mohamed Farouk Abdelkhalek, CEO of the Company, purchased 1500 of the Company's US$1.00 ordinary shares ("Shares") at average price of US$ 12.955 each. Following this transaction Dr. Mohamed Farouk Abdelkhalek has direct and indirect beneficial interests in 2,074,669 Shares representing 4.74 % 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
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;
	transaction; (iii) each date; and (iv) each place where transactions have been condu
a)	Description of the financial instrument, type of	Ordinary Shares of UD1.00
instrument
	Identification code	AEDFXA1EN018
b)	Nature of the transaction	Purchase of ordinary shares by

c)

Price(s) and volume(s)

Price(s)

Volum

12.85500

13.00500

13.02500

d)	Aggregated information

	- Aggregated volume	1500
	- Price	US$ 19,432.60
e)	Date of the transaction	5 November 2019
f)	Place of the transaction	London Stock Exchange

ADES International Holding
Hussein Badawy
Investor Relations Officer	[e-mail]	[phone]

Instinctif

David Simonson

[e-mail]

[phone]

Dinara Shikhametova	[e-mail]
Sarah Hourahane	[e-mail]

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, visitinvestors.adihgroup.com

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