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Posting of Annual Report and Accounts

19th Dec 2014 07:00

RNS Number : 2479A
Atlas Dev & Support Services Ltd
19 December 2014
 



Atlas Development & Support Services Limited / Ticker: ADSS / Index: AIM / Sector: Support Services

19 December 2014

Atlas Development & Support Services Limited

('Atlas Development' or the 'Company')

Posting of Annual Report and Accounts

 

Atlas Development (AIM:ADSS), the African focussed support services and logistics company, announces that the Annual Report and Accounts for the year ended 30 June 2014 is now available on the Company's website at www. atlassupport.com, and copies have been posted to shareholders.

 

** ENDS **

 

For further information please visit www.atlassupport.com or contact:

Carl Esprey

Atlas Development

Tel: +44 (0) 20 7408 9200

David Foreman

Cantor Fitzgerald Europe

Tel: +44 (0) 20 7894 7000

Rick Thompson

Cantor Fitzgerald Europe

Tel: +44 (0) 20 7894 7000

Richard Greenfield

GMP Securities

Tel: +44 (0) 20 7647 2836

Emily Morris

GMP Securities

Tel: +44 (0) 20 7647 2835

Susie Geliher

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Charlotte Heap

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Notes to Editors

 

In October 2014 the Company acquired the entire issued capital of Ardan Logistics Kenya, a cash generative support services business which generated unaudited revenues for the six month period ended 30 June 2014 of US$20.6 million and which has an established client list of major international oil & gas and mining companies operating in East Africa.

 

Atlas Development's 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 oil & gas exploration and development companies operating across East Africa. The market opportunity for a company such as Atlas Development remains highly attractive, and the Board believe there is considerable opportunity to leverage the Company's established position to further capitalise on the rapidly growing oil & gas exploration and development industry in Kenya.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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