Amiad Water Systems Ltd Options exercise, issue of equity and TVR (2752D)

TIDMAFS

RNS Number : 2752D

Amiad Water Systems Ltd

27 October 2020

27 October 2020

Amiad Water Systems Ltd.

("Amiad" or the "Company")

Exercise of Options, Issue of Equity and Total Voting Rights

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that it has allotted 15,540 ordinary shares of NIS 0.5 each in the Company ("Ordinary Shares") following the exercise of options by a former employee under the Company's Employee 2012 Share Option Plan..

Application has been made to the London Stock Exchange for 15,540 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00am GMT on 29 October 2020. The new Ordinary Shares will rank pari passu with the Company's existing issued Ordinary Shares.

Following Admission of the new Ordinary Shares, the total number of Ordinary Shares in issue will be 30,371,596 each with one vote. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules. There are no shares held in treasury.

Enquiries

 
 Amiad Water Systems Ltd. 
 Dori Ivzori, Chief Executive 
  Officer 
  Avishay Afriat, Chief Financial 
  Officer                            [phone] 
                                    ----------------- 
 
 Stifel Nicolaus Europe Ltd. 
                                    ----------------- 
 Stewart Wallace, Ben Maddison       [phone] 
                                    ----------------- 
 
 Luther Pendragon 
                                    ----------------- 
 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 irrigation and industrial purposes. In these markets, its unique and high-quality 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 ten subsidiaries and a comprehensive network of distributors to customers in more than 80 countries.

FIMI Opportunity Funds, the leading private equity investor in Israel, is a controlling shareholder of Amiad, with an interest in 39.6% of the Company's outstanding issued share capital.

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

IOEUBARRRWURURA

(END) Dow Jones Newswires

October 27, 2020 03:00 ET (07:00 GMT)