7th Jul 2015 16:15
Atlas Development & Support Services Limited / Ticker: ADSS / Index: AIM / Sector: Support Services
7 July 2015
Atlas Development & Support Services Limited
('Atlas Development' or the 'Company')
Holdings in Company
Atlas Development (AIM:ADSS), the Kenyan headquartered African focussed support services and logistics company, received notification on 7 July 2015 that following the acquisition of 4,269,356 in Atlas Development on 6 July 2015, African Alliance Asset Management is now interested in 23,694,356 shares, representing 5.47% of the issued share capital and voting rights of the Company.
** ENDS **
For further information please visit www.atlassupport.com or contact:
Carl Esprey | Atlas Development | Tel: +44 (0) 20 7408 9200 |
Callum Stewart | Stifel Nicolaus Europe Limited | Tel: +44 (0) 20 7710 7600 |
Ashton Clanfield | Stifel Nicolaus Europe Limited | Tel: +44 (0) 20 7710 7600 |
Edward Burbidge | Burbidge Capital | Tel: +254 (0) 202 100 102 |
Charlotte Heap | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
Notes to Editors
Atlas Development is a support services and logistics company with operations spanning Kenya, Mozambique, Tanzania, Ethiopia, Djibouti and Western Sahara.
Its three core divisions are delineated as follows:
· Atlas Technical: civil engineering, workforce accommodation and construction
· Atlas Services: medical and facilities management
· Atlas Logistics: fuel solutions, storage and transportation
Through these three core divisions, Atlas Development provides turn-key support for a range of major energy and natural resource exploration and development companies operating across East Africa. The market opportunity for a company such as Atlas Development is highly attractive, and the Board believe there is considerable opportunity to leverage the Company's established position to further expand its operational footprint across sub-Saharan Africa and diversify its service offering to provide additional long-term visible revenue streams.
Related Shares:
AAI.L