Amiad Water Systems Ltd Transfer in significant shareholding (5006S)
December 21 2016 - 7:19AM
UK Regulatory
TIDMAFS
RNS Number : 5006S
Amiad Water Systems Ltd
21 December 2016
21 December 2016
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Transfer in Significant Shareholding
Amiad (AIM: AFS), a leading global producer of water treatment
and filtration solutions, announces that it has been notified that
Kibbutz Amiad Agricultural Cooperative Society Ltd. (the "Kibbutz")
has transferred to HaChoshlim Foundation - Agriculture Cooperative
Society for Business Ltd. ("H.F.") the entire issued share capital
of A.M.SI. Investments (1997) Ltd. ("A.M.SI."), the holding company
through which the Kibbutz held 10,298,187 shares of Amiad Water
Systems Ltd., representing 45.4% of the issued share capital of the
Company (the "Transfer"). The Kibbutz has gone through a
reorganisation and formed H.F. specifically for the purposes to
hold and invest the vast majority of the equity assets of the
Kibbutz. The Kibbutz's direct holding of 135,200 shares remains
unchanged.
In addition, H.F. has been added as party to the following
agreements - with no other material changes to the respective
agreements:
-- The Company, after approval from Board members independent
from the Transfer, has signed an amended agreement, pertaining to
its relationship with the Kibbutz (the "Relationship Agreement"),
with H.F. to incorporate H.F. into the Relationship Agreement,
which has been in place since the Company's IPO. H.F. Directors, Mr
Oded Rosen and Mr Avraham Azani, continue to serve the interest of
the Kibbutz on the Board of Amiad.
-- H.F. has become a party to the shareholders agreement with
Kibbutz Beit Zera and Bermad Industries Cooperative Agricultural
Society Ltd. as described in the Company's announcement of 29 April
2010.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail. No
change in beneficial ownership is taking place, but the holding of
the following Directors of the Company is being transferred as part
of the Transfer.
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Mr Oded Rosen
-------------------------- --------------------------------
2 Reason for the notification
------------------------------------------------------------
a) Position/status Non-executive director
-------------------------- --------------------------------
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 N/a
-------------------------- --------------------------------
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 of 0.5 NIS
the financial each in Amiad Water Systems
instrument, type Ltd.
of instrument
IL0010943905
Identification
code
-------------------------- --------------------------------
b) Nature of the Transfer of indirect interest,
transaction via Kibbutz Amiad, from A.M.SI
to H.F.
-------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
- 10,298,187
-----------
-------------------------- --------------------------------
Aggregated information
- Aggregated volume 10,298,187
d) - Price -
-------------------------- --------------------------------
e) Date of the transaction 21 December 2016
-------------------------- --------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Mr Avraham Azani
-------------------------- --------------------------------
2 Reason for the notification
------------------------------------------------------------
a) Position/status Non-executive director
-------------------------- --------------------------------
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 N/a
-------------------------- --------------------------------
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 of 0.5 NIS
the financial each in Amiad Water Systems
instrument, type Ltd.
of instrument
IL0010943905
Identification
code
-------------------------- --------------------------------
b) Nature of the Transfer of indirect interest,
transaction via Kibbutz Amiad, from A.M.SI
to H.F. Direct holding remains
unchanged
-------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
- 10,298,187
-----------
-------------------------- --------------------------------
Aggregated information
- Aggregated volume 10,298,187
d) - Price -
-------------------------- --------------------------------
e) Date of the transaction 21 December 2016
-------------------------- --------------------------------
f) Place of the transaction London Stock Exchange
-------------------------- --------------------------------
Enquiries
Amiad Water Systems Ltd.
Dori Ivzori, Chief Executive
Officer
Irit Ben-Dov, Chief Financial
Officer +972 4 690 9500
-----------------
Stifel Nicolaus Europe
Ltd.
-----------------
Stewart Wallace, Ben Maddison +44 20 7710 7600
-----------------
Luther Pendragon Ltd.
-----------------
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 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 seawater
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
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