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19 Jun 2012 16:43
19 June 2012
Amiad Water Systems Ltd.("Amiad" or the "Company")
Exercise of options by CEO
Amiad Water Systems (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that it yesterday received notification of option exercises by Arik Dayan, the Chief Executive Officer of Amiad, over 72,961 new ordinary shares of 0.5 NIS each in the Company at an exercise price of US$1.532 per share on 18 June 2012.
In addition, it has received confirmation that Mr Dayan has sold 29,000 of these shares at a price of £3.13 on 18 June 2012 to satisfy tax obligations and option exercise costs. Following this, Mr Dayan retains 43,961 ordinary shares from the option exercise, thereby adding such number of shares to his holding in the Company.
The 72,961 new ordinary shares shall rank pari passu with the existing issued ordinary shares of the Company, and application has been made for them to be admitted to AIM and commence trading on 21 June 2012.
Following the transactions, the Mr Dayan's holdings in ordinary shares in the Company for the purposes of the AIM Rules for Companies is 43,961.
Enquiries:
Amiad Water Systems Ltd. | |
Arik Dayan, Chief Executive Officer Amir Harel, Chief Financial Officer | +972 4 690 9500 |
Nomura Code Securities Ltd. | |
Clare Terlouw, Giles Balleny | +44 20 7776 1200 |
Luther Pendragon | |
Harry Chathli, Claire Norbury | +44 20 7618 9100 |
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