TIDMAFS

RNS Number : 5461D

Amiad Water Systems Ltd

29 January 2015

29 January 2015

Amiad Water Systems Ltd.

("Amiad" or the "Company")

Grant of Options

Amiad Water Systems Ltd. (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces the grant of 50,000 options to subscribe for new ordinary shares of 0.5 NIS each in the Company (the "Options") to Mr. Eli Opper, Chairman of Amiad, on 11 December 2014 (the "Grant Date") pursuant to the terms of the Amiad Water Systems Ltd 2012 Share Option Plan and under the option agreement entered between Mr. Opper and the Company. The grant of the Options to Mr. Opper was approved by shareholders at the Company's annual general meeting on 22 September 2014.

The Options are subject to a four-year vesting schedule whereby 25% of the Options will vest annually from the Grant Date, and have an expiry date of 10 December 2021. The Options are exercisable at a price of 117.5 pence each. Mr. Opper has no other interest over ordinary shares in the Company.

Following the grant of Options, the total number of options outstanding over Amiad ordinary shares is 415,000 representing 1.83% of the Company's issued share capital.

Enquiries

 
 Amiad Water Systems Ltd. 
--------------------------------  ----------------- 
 Arik Dayan, Chief Executive 
  Officer                          +972 4 690 9500 
--------------------------------  ----------------- 
 
 Oriel Securities Ltd. 
--------------------------------  ----------------- 
 Giles Balleny                     +44 20 7710 7600 
--------------------------------  ----------------- 
 
 Luther Pendragon 
--------------------------------  ----------------- 
 Harry Chathli, Claire Norbury, 
  Oliver Hibberd                   +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 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 ten 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

END

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