30 Jan 2017 18:21
30 January 2017
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Holdings in Company
Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that, on 26 January 2017, Kibbutz Amiad Agricultural Cooperative Society Ltd. (the "Kibbutz") purchased 435,000 ordinary shares of 0.5 NIS each in the Company ("Ordinary Shares") at a price of 116.5 pence per share. The Kibbutz notified the Company of the details of the transaction on 29 January 2017.
Following the transaction, and a previous acquisition of 109,800 ordinary shares (which were below the disclosure threshold), the Kibbutz has a direct interest in 680,000 ordinary shares in Amiad, representing 3.0% of the Company's issued share capital and voting rights.
In addition, the Kibbutz has an indirect interest in a further 10,298,187 ordinary shares, which are held by A.M.SI. Investments (1997) Ltd., a wholly-owned subsidiary of HaChoshlim Foundation - Agriculture Cooperative Society for Business Ltd., which is an affiliate of the Kibbutz. As a result, through its direct and indirect holdings, the Kibbutz has an interest in 10,978,187 ordinary shares, representing 48.4% of the issued share capital of the Company.
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.