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  5. Resolution of Dispute

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Resolution of Dispute

27 Nov 2007 07:01

Amiad Filtration Systems Ltd27 November 2007 27 November 2007 Amiad Filtration Systems Ltd. ("Amiad" or "the Company") Resolution of Dispute with Yitzhak Orlans Amiad, the producer and global supplier of water filters and filtration systemsfor the industrial, municipal and irrigation markets, announces that it hasresolved its dispute with Yitzhak Orlans, the former president and director ofAmiad USA Inc ("Amiad USA"). Amiad USA has agreed to purchase from Mr Orlans his 18% stake held in thatcompany for US$1,317,000. In addition, Mr Orlans will receive a one-off paymentof US$80,000. The purchase of shares takes Amiad's shareholding in its subsidiary from 82% to100%. The US subsidiary is the largest of Amiad's subsidiaries by reference tosales, accounting for over 25% of the group's sales. Enquiries Amiad Filtration Systems Ltd.Itamar Eder +972 4 690 9500 Corfin CommunicationsHarry Chathli, Neil Thapar +44 20 7977 0020 This information is provided by RNS The company news service from the London Stock Exchange
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Date   Source Headline
13th Jun 20117:00 amRNSAmiad secures project in Brazil
14th Apr 20117:00 amRNSFinal Results
24th Mar 20117:00 amRNSNotice of Results
14th Feb 20117:00 amRNSDirector's Dealings
10th Feb 20111:05 pmRNSDirector's Dealings
7th Feb 20117:00 amRNSAmiad acquires French subsidiary
24th Jan 20117:00 amRNSTrading Update
29th Dec 20107:00 amRNSCompletion of Acquisition
14th Dec 20107:00 amRNSDirector's Share Purchase
10th Nov 20107:00 amRNSDirector's Share Purchase
8th Nov 20103:22 pmRNSDirector's Share Purchase
2nd Nov 20107:00 amRNSAmiad acquires Chinese subsidiary
15th Sep 20107:00 amRNSInterim Results
2nd Sep 20107:00 amRNSNotice of Interim Results
3rd Aug 20107:00 amRNSDirector Appointment
28th Jul 201012:35 pmRNSResult of AGM
18th Jun 20108:46 amRNSPosting of Annual Report and Accounts
17th Jun 20107:00 amRNSNotice of AGM and Business Update
29th Apr 20107:00 amRNSCompletion of acquisition
15th Apr 20107:00 amRNSFinal Results
9th Mar 201012:04 pmRNSResult of EGM
29th Jan 20107:00 amRNSNotice of EGM
25th Jan 20107:00 amRNSAmiad establishes Amiad Andina in Chile
20th Jan 20107:00 amRNSAmiad update on proposed acquisition of Arkal
30th Nov 20097:00 amRNSAmiad acquires Indian distributor
5th Nov 200911:11 amRNSProposed acquisition
21st Sep 20097:00 amRNSInterim results
7th Sep 20097:00 amRNSNotice of Results
6th Aug 20097:00 amRNSAppointment of CFO
29th Jul 20092:30 pmRNSResult of AGM
29th Jul 20097:00 amRNSAGM Statement
19th Jun 20092:27 pmRNSPosting of Reports & Accounts and AGM
2nd Apr 20097:00 amRNSFinal Results
1st Apr 20092:38 pmRNSResults of EGM and Directorate Changes
27th Mar 20097:00 amRNSDirectorate Change
25th Mar 20093:58 pmRNSDirectorate Change
6th Mar 20097:00 amRNSNotice of EGM & full year results
17th Feb 20093:17 pmRNSDirectorate Change and EGM
15th Jan 200912:08 pmRNSNotification of Interest
11th Dec 20087:00 amRNSAppointment of CFO
6th Oct 200810:14 amRNSNotification of Interest
29th Sep 20087:00 amRNSDirectorate Change
18th Sep 20084:02 pmRNSDirector/PDMR Shareholding
15th Sep 20087:00 amRNSInterim Results
26th Aug 20087:00 amRNSNotice of Results
29th Jul 200812:30 pmRNSResult of AGM
29th Jul 20087:00 amRNSAGM Statement
15th Jul 20087:00 amRNSTrading Update
4th Jul 200812:42 pmRNSAGM / Reposting of form of pr
19th Jun 20087:00 amRNSPosting of Reports and Accoun
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