Amiad Water Systems Ltd Director/PDMR Shareholding (8676M)

TIDMAFS

RNS Number : 8676M

Amiad Water Systems Ltd

18 October 2016

18 October 2016

Amiad Water Systems Ltd.

("Amiad" or the "Company")

Director share purchase

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that it has received notification, today, that on 14 October 2016, Mr. Amos Shalev, a non-executive director of the Company, acquired 7,500 ordinary shares of 0.5 NIS each in the Company ("Ordinary Shares") at a price of 142 pence per Ordinary Share.

Following the transaction, Mr. Shalev has an interest in 10,750 Ordinary Shares, representing approximately 0.05% of the Company's issued ordinary share capital. Mr. Shalev is also the Chairman of the Board of Bermad Industries A.C.S. Ltd., which currently holds 2,038,443 Ordinary Shares representing 8.99% of the issued share capital of the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 
 1     Details of the person discharging managerial 
        responsibilities / person closely associated 
----  --------------------------------------------------------- 
 a)    Name                        Mr. Amos Shalev 
----  --------------------------  ----------------------------- 
 2     Reason for the notification 
----  --------------------------------------------------------- 
 a)    Position/status             Non-executive director 
----  --------------------------  ----------------------------- 
 b)    Initial notification        Initial notification 
        /Amendment 
----  --------------------------  ----------------------------- 
 3     Details of the issuer, emission allowance 
        market participant, auction platform, auctioneer 
        or auction monitor 
----  --------------------------------------------------------- 
 a)    Name                        Amiad Water Systems Ltd. 
----  --------------------------  ----------------------------- 
 b)    LEI                         N/a 
----  --------------------------  ----------------------------- 
 4     Details of the transaction(s): section to 
        be repeated for (i) each type of instrument; 
        (ii) each type of transaction; (iii) each 
        date; and (iv) each place where transactions 
        have been conducted 
----  --------------------------------------------------------- 
 a)    Description of              Ordinary Shares of 0.5 NIS 
        the financial               each in Amiad Water Systems 
        instrument, type            Ltd. 
        of instrument 
                                    IL0010943905 
        Identification 
        code 
----  --------------------------  ----------------------------- 
 b)    Nature of the               Purchase of Ordinary Shares 
        transaction 
----  --------------------------  ----------------------------- 
 c)    Price(s) and volume(s)        Price(s)   Volume(s) 
                                     ---------  ---------- 
                                      142p       7,500 
                                     ---------  ---------- 
----  --------------------------  ----------------------------- 
       Aggregated information 
 
 
        - Aggregated volume          7,500 
 
 
 d)     - Price                      142p 
----  --------------------------  ----------------------------- 
 e)    Date of the transaction     14 October 2016 
----  --------------------------  ----------------------------- 
 f)    Place of the transaction    London Stock Exchange 
----  --------------------------  ----------------------------- 
 

Enquiries

 
 Amiad Water Systems Ltd. 
-------------------------------  ----------------- 
 Eli Opper, Chairman              [phone] 
-------------------------------  ----------------- 
 
 Stifel Nicolaus Europe 
  Ltd. 
-------------------------------  ----------------- 
 Stewart Wallace, Ben Maddison    [phone] 
-------------------------------  ----------------- 
 
 Luther Pendragon Ltd. 
-------------------------------  ----------------- 
 Harry Chathli, Claire Norbury    [phone] 
-------------------------------  ----------------- 
 

About Amiad

Amiad Water Systems (AIM: AFS) is a leading global producer of automatic, self-cleaning water treatment and filtration products and systems. Through its engineering skills and ability to innovate, Amiad provides cost-effective "green" solutions for the industrial, municipal, irrigation, oil & gas and ballast water markets. In these segments its patented products are being integrated into the core of systems for filtration and water treatment, micro irrigation and membrane protection, wastewater and potable water treatment, cooling systems and sea water filtration.

Headquartered in Israel, Amiad provides these solutions through nine subsidiaries and a comprehensive network of over 170 distributors to customers in more than 80 countries.

For additional information or product details, please visit www.amiad.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 18, 2016 10:21 ET (14:21 GMT)