Amiad Water Systems Ltd Result of EGM & Non-Executive Director appointment (8691F)
February 25 2015 - 9:23AM
UK Regulatory
TIDMAFS
RNS Number : 8691F
Amiad Water Systems Ltd
25 February 2015
25 February 2015
Amiad Water Systems Ltd.
("Amiad" or "the Company")
Result of EGM and Appointment of New Non-Executive Director
Amiad Water Systems Ltd. (AIM: AFS), a leading global producer
of water treatment and filtration solutions, announces that at the
Extraordinary General Meeting ("EGM") of the Company held earlier
today, resolutions 1 to 5, 7 and 8 were duly passed, including the
resolution appointing Mr. Derek Zissman as a non-executive director
of the Company.
Whilst resolution 6 concerning the approval of a change in the
terms of remuneration of Dr. Eli Opper, the Chairman of the
Company, so as to include a three month advance notice period was
supported by shareholders, due to the requirements of Israeli law,
this proposal will only be validly passed if confirmed by a further
resolution of shareholders at either the next annual general
meeting or (if earlier) an extraordinary general meeting of the
Company.
Mr. Zissman, based in the UK, will serve as a statutory external
director of the Company, as required under Israeli law, for a
period commencing on 3 March 2015 and expiring on 2 March 2018.
Eli Opper, Chairman of Amiad, said: "We are delighted to welcome
DerekZissman to the Board of Amiad. The extensive breadth and depth
of his experience in the capital markets will be of great benefit
to Amiad and we look forward leveraging his expertise. We would
also like to take this opportunity to thank Michael Rosenberg, who
will retire as a director on 2 March 2015, for all his hard work on
behalf of Amiad. Michael joined the Board at the time of the
Company's IPO in 2005 and has made an outstanding contribution to
the Company's development since then."
Mr. Zissman, aged 70 and a Chartered Accountant, has over 45
years' experience in the capital markets in the UK. He joined KPMG
UK ("KPMG") in 1971 and was promoted to Partner within five years -
a position he held for over 30 years. During his time at KPMG, Mr.
Zissman was a founding Partner of the UK's Corporate Finance Group
and the Private Equity Group in the UK and US. Following his
retirement in March 2008, he has held Directorships at Alchemy
Partners, Barclays Wealth & Investment Management and Seymour
Pierce. He is a current Director and member of the Audit Committee
at a number of companies operating in the IT, leisure
transportation and engineering sectors, including AIM-listed The
600 Group PLC.
Other than set out below, there are no other matters required to
be disclosed pursuant to paragraph (g) of Schedule Two to the AIM
Rules for Companies as regards Mr Zissman's appointment.
Regulatory disclosures:
Mr. Derek Zissman
---------------------------------------------------------
Current Directorships Directorships within
the last five years
-------------------------- -----------------------------
Athena SCS Ltd. Barclays Wealth & Investment
Management Advisory
Board
-------------------------- -----------------------------
Parakou Tankers Ltd. Seymour Pierce Ltd*
-------------------------- -----------------------------
Hotel Urbano Viagens Wesleyan Assurance Society
e Turismo S.A.
-------------------------- -----------------------------
The Aberdeen Foundation
(Trustee)
-------------------------- -----------------------------
GFI Software S.á.r.l
-------------------------- -----------------------------
The 600 Group PLC
-------------------------- -----------------------------
*Seymour Pierce Ltd was placed into administration in February
2013, whilst Mr. Zissman was a Director.
Enquiries:
Amiad Water Systems Ltd.
-------------------------------- -----------------
Arik Dayan, Chief Executive
Officer
Irit Ben-Dov, Chief Financial
Officer +972 4 690 9500
-------------------------------- -----------------
Oriel Securities Ltd.
-------------------------------- -----------------
Giles Balleny +44 20 7710 7600
-------------------------------- -----------------
Luther Pendragon Ltd.
-------------------------------- -----------------
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
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
END
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