18 Oct 2016 15:21
18 October 2016
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Director share purchase
Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that it has received notification, today, that on 14 October 2016, Mr. Amos Shalev, a non-executive director of the Company, acquired 7,500 ordinary shares of 0.5 NIS each in the Company ("Ordinary Shares") at a price of 142 pence per Ordinary Share.
Following the transaction, Mr. Shalev has an interest in 10,750 Ordinary Shares, representing approximately 0.05% of the Company's issued ordinary share capital. Mr. Shalev is also the Chairman of the Board of Bermad Industries A.C.S. Ltd., which currently holds 2,038,443 Ordinary Shares representing 8.99% of the issued share capital of the Company.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Mr. Amos Shalev | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Non-executive director | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
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 the financial instrument, type of instrument
Identification code
| Ordinary Shares of 0.5 NIS each in Amiad Water Systems Ltd.
IL0010943905 | ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
7,500
142p
| ||||
e)
| Date of the transaction
| 14 October 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
Enquiries
Amiad Water Systems Ltd. | |
Eli Opper, Chairman | +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 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.