Options exercise, issue of equity and TVR
Updated : 07:05
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 | +972 4 690 9500 |
Stifel Nicolaus Europe Ltd. | |
Stewart Wallace, Ben Maddison | +44 20 7710 7600 |
Luther Pendragon | |
Harry Chathli, Claire Norbury | +44 20 7618 9100 |
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.
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