Amiad Water Systems Ltd PDMR Shareholding, Issue of Equity and TVR (5163R)

TIDMAFS

RNS Number : 5163R

Amiad Water Systems Ltd

30 June 2020

30 June 2020

Amiad Water Systems Ltd.

("Amiad" or the "Company")

PDMR Shareholding, 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 3,957 ordinary shares of NIS 0.5 each in the Company ("Ordinary Shares") following the exercise of options by two employees under the Company's Employee 2012 Share Option Plan. This includes the exercise of 2,705 options by Issey Ende, VP Marketing, Business Development & Technologies, Industry and a person discharging managerial responsibilities (PDMR) of the Company.

Following the options exercise, Mr. Ende has an interest in 2,705 Ordinary Shares representing 0.01% of the Company's enlarged issued share capital.

Application has been made to the London Stock Exchange for 3,957 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 BST on 1 July 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 30,356,056 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 .

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Name                                   Issey Ende 
      -------------------------------------  ---------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position/status                        PDMR 
      -------------------------------------  ---------------------------------- 
 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                                    213800P6ORZZT3X4TY55 
      -------------------------------------  ---------------------------------- 
 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 - NIS 0.5 
        the financial instrument,              AFS - IL0010943905 
        type of instrument 
        Identification 
        code 
      -------------------------------------  ---------------------------------- 
 b)    Nature of the transaction              Exercise of share options 
      -------------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)                  Price(s)    Volume(s) 
                                                N/A         2,705 
                                                           ---------- 
      -------------------------------------  ---------------------------------- 
 d)    Aggregated information                 N/A 
      -------------------------------------  ---------------------------------- 
 e)    Date of the transaction                29 June 2020 
      -------------------------------------  ---------------------------------- 
 f)    Place of the transaction               Outside a trading venue 
      -------------------------------------  ---------------------------------- 
 

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June 30, 2020 04:34 ET (08:34 GMT)