29 Jul 2021 12:38
29 July 2021
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Result of Annual General Meeting and Extraordinary General Meeting
Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that at the Annual General Meeting ("AGM") and Extraordinary General Meeting ("EGM") of the Company, held earlier today, all resolutions were duly passed.
This includes approval of the resolution to cancel the admission of the Company's Ordinary Shares to trading on AIM ("AIM Cancellation"), conditional upon the listing of the Ordinary Shares on the Tel Aviv Stock Exchange ("TASE Listing"). The Directors continue to anticipate that the TASE Listing will occur in the second half of August 2021. Accordingly, as stated in the Company's announcement of 23 July 2021, the Company expects its trading facility on AIM to be cancelled with effect from 7.00 a.m. on 26 August 2021. The Company will update the market in due course.
Details of the proxy voting results for the AGM, which should be read alongside the Notice of AGM, are below:
Resolution | Votes for | Votes against | Votes withheld | Total proxy votes | ||
| No. of votes | % of votes cast* | No. of votes | % of votes cast* | No. of votes |
|
1 | 26,503,267 | 100.00 | 693 | 0.00 | 0 | 26,503,960 |
2 | 26,503,267 | 100.00 | 693 | 0.00 | 0 | 26,503,960 |
3 | 26,503,267 | 100.00 | 693 | 0.00 | 0 | 26,503,960 |
4 | 26,503,267 | 100.00 | 693 | 0.00 | 0 | 26,503,960 |
5 | 23,023,286 | 86.87 | 3,480,674 | 13.13 | 0 | 26,503,960 |
6 | 26,503,267 | 100.00 | 693 | 0.00 | 0 | 26,503,960 |
7 | 26,503,267 | 100.00 | 693 | 0.00 | 0 | 26,503,960 |
There were no discretionary votes cast.
* Excludes withheld votes.
Details of the proxy voting results for the EGM, covering matters relating to the proposed AIM Cancellation, which should be read alongside the Notice of EGM, are below:
Resolution | Votes for* | Votes against | Votes withheld | Total proxy votes | ||
| No. of votes | % of votes cast** | No. of votes | % of votes cast** | No. of votes |
|
1 | 27,390,856 | 99.99 | 2,461 | 0.01 | 0 | 27,393,317 |
2 | 27,390,856 | 99.99 | 2,461 | 0.01 | 0 | 27,393,317 |
3 *** | 26,121,342 | 95.36 | 1,271,975 | 4.64 | 0 | 27,393,317 |
4 | 27,390,856 | 99.99 | 2,461 | 0.01 | 0 | 27,393,317 |
5*** | 27,390,856 | 99.99 | 2,461 | 0.01 | 0 | 27,393,317 |
* Includes discretionary votes cast.
** Excludes withheld votes.
*** In accordance with Israeli law, in addition to a regular majority of votes, a majority of votes of shareholders not defined as a 'controlling shareholder' or as having a 'personal interest' is also required for resolutions 3 and 5 to pass. These resolutions all passed on this basis.
Enquiries
Amiad Water Systems Ltd. |
|
Dori Ivzori, Chief Executive Officer Relly Shimko, Chief Financial Officer | +972 4 690 9500 |
| |
Stifel Nicolaus Europe Ltd. |
|
Fred Walsh, Stewart Wallace | +44 20 7710 7600 |
| |
Luther Pendragon |
|
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 irrigation and industrial purposes. In these markets, its unique and high-quality 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 ten subsidiaries and a comprehensive network of distributors to customers in more than 80 countries.
FIMI Opportunity Funds, the leading private equity investor in Israel, is a controlling shareholder of Amiad, with an interest in 42.8% of the Company's outstanding issued share capital.
For additional information or product details, please visit www.amiad.com.