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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
15th May 20081:34 pmRNSDirectorate Change
2nd Apr 20085:48 pmRNSNotification of Interest
2nd Apr 20085:45 pmRNSDirector/PDMR Shareholding
2nd Apr 200810:47 amRNSDirector/PDMR Shareholding
2nd Apr 200810:42 amRNSDirector/PDMR Shareholding
26th Mar 20087:01 amRNSFull Year Results
4th Feb 200811:48 amRNSDirectorate Change
24th Jan 20087:01 amRNSTrading Update
15th Jan 20087:00 amRNSAdditional Listing
28th Dec 20072:15 pmRNSNotice of EGM
18th Dec 20077:02 amRNSAppointment of Nomad
14th Dec 20072:21 pmRNSDirectorate Change
11th Dec 20077:01 amRNSDirectorate Change
29th Nov 20073:42 pmRNSNotification of Interest
27th Nov 20077:01 amRNSResolution of Dispute
5th Sep 200711:26 amRNSEGM Statement
30th Aug 20077:01 amRNSInterim Results
29th Aug 20077:00 amRNSDirectorate Change
20th Aug 20077:02 amRNSAIM Rule 26
17th Aug 20077:01 amRNSNotice of Results
3rd Aug 20079:34 amRNSNotification of Interest
1st Aug 20072:20 pmRNSNotice of EGM
30th Jul 200710:15 amRNSDirectorate Change
12th Jul 200711:41 amRNSAppointment of CEO
29th Jun 20079:41 amRNSNotification of Interest
26th Jun 200712:00 pmRNSResult of AGM
26th Jun 20077:02 amRNSAGM Statement
24th May 20079:07 amRNSNotification of Interest
22nd May 20077:02 amRNSNotice of AGM
21st May 200712:36 pmRNSNotification of Interest
15th May 20072:00 pmRNSDirector/PDMR Shareholding
14th May 20077:30 amRNSHolding(s) in Company
14th May 20077:02 amRNSDirectorate Change
23rd Apr 20078:18 amRNSWaivers and Grant of Options
20th Apr 200710:54 amRNSDirector/PDMR Shareholding
18th Apr 200711:44 amRNSNotification of Interest
11th Apr 20075:52 pmRNSNotification of Interests
2nd Apr 20074:58 pmRNSNotification of Interests
30th Mar 20073:29 pmRNSNotification of Interests
27th Mar 200710:11 amRNSAmended Record Date
26th Mar 20077:03 amRNSFinal Results
22nd Mar 20077:03 amRNSNotice of Results
25th Jan 20077:01 amRNSTrading Update
18th Oct 20061:42 pmBUSIntroduction of Amiad's Micro Fiber Technology at Japan's City Water Exhibition
13th Oct 20067:01 amRNSContract win in Israel
10th Oct 20063:27 pmRNSNotification of Interest
4th Sep 20067:03 amRNSInterim Results
27th Jul 20063:28 pmRNSAGM Statement & Appointment
26th Jul 20067:02 amRNSAGM Statement
18th May 20069:18 amRNSNotification of Interest
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