2 Sep 2011 07:00
2 September 2011
Amiad Filtration Systems Ltd.
("Amiad" or the "Company")
Director Appointment
Further to the resolution passed at the Company's Annual General Meeting on Thursday 1 September 2011, Amiad announces the appointment of Mr. Shmuel Dudai as a new non-executive director with immediate effect.
Since March 2011, Mr. Dudai, aged 46, has held the position of Chairman of Kibbutz Amiad, which controls approximately 58% of the voting rights in the Company and 44.99% of its issued ordinary share capital. In addition, Mr. Dudai currently serves as a director and manager of Mazpen Company Limited ("Mazpen"), which he founded in October 2007, and Dudais Limited, which owns Mazpen and of which Mr. Dudai is the sole shareholder. Mazpen specialises in assisting the growth processes of communal settlements in Israel and Mr. Dudai also sits on the managing boards of several of these settlements. During his career, Mr. Dudai has overseen numerous settlement projects, including the NIS 450 million Shimshit project, with a particular focus on business development and management.
Tal Yeshua, Chairman of Amiad, said: "We are delighted to welcome Mr. Dudai to the Board of Amiad. Over the years he has been responsible for the successful development of many communal settlements, and we look forward to benefitting from his expertise and experience as the Company continues to grow and progress."
There are no other matters required to be disclosed pursuant to paragraph (g) of schedule 2 of the AIM Rules.
Enquiries:
Amiad Filtration Systems Ltd. |
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Tal Yeshua, Chairman Arik Dayan, Chief Executive Officer | +972 4 690 9500 |
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Nomura Code |
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Richard Potts, Giles Balleny | +44 20 7776 1200 |
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Corfin Public Relations |
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Harry Chathli, Claire Norbury | + 44 20 7596 2860 |