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Waivers and Grant of Options

23 Apr 2007 08:18

Amiad Filtration Systems Ltd23 April 2007 23 April 2007For Immediate Release Amiad Filtration Systems Ltd. ("Amiad" or the "Company") Waivers and Grant of Options On 19 April 2007, following a request made by the Company, three of itsdirectors, Yosef Katz, Abraham Heifetz and Itamar Eder, and the V.P. Sales &Marketing, Arik Dayan, gave written notice to the Company of their waiver, withimmediate effect, of their respective rights to options granted to them by theCompany under the Amiad 2005 Share Option Plan (the "Plan") over the followingnumber of ordinary shares, none of which had not vested at that date: • Yosef Katz - 13,124 shares • Abraham Heifetz - 8.751 shares • Itamar Eder - 4,375 shares • Arik Dayan - 4,375 shares The Company had requested the waiver of these options in order that theaggregate number of shares under options granted to employees/directors of theCompany (taking into consideration also the waiver of options by Kibbutz Amiadand the grant of new options to Mr. Rokah, as provided below) does not exceed 3%of the total issued share capital of the Company on a fully diluted basis. Noneof the optionholders received any consideration from the Company for agreeing towaive his options over the above shares. The dates of vesting of those shares remaining under option have not beenaltered.Following the above waiver of options over shares, the directors are interested,either directly or indirectly, in the following number of shares in the Company: Number of Ordinary Number of Ordinary Shares % of Issued Share Shares under Option CapitalYosef 0 218,886 1.125Katz AbrahamHeifetz 11,000 145,923 0.807 Itamar 0 72,961 0.375Eder At the same board meeting, the Company received written notice from KibbutzAmiad Agricultural Cooperative Association ("Kibbutz Amiad") of its waiver, withimmediate effect, of its right to options granted to it by the Company over77,336 ordinary shares. The options had not vested at the date of the notice. As a result of the above waiver of options by Kibbutz Amiad, each of KibbutzAmiad and A.M.SI Investments (1997) Ltd., a company fully controlled by KibbutzAmiad, ("AMS") are interested, either directly or indirectly, in the followingnumber of shares in the Company: Number of Ordinary Number of Ordinary Shares % of Issued Share Shares under Option CapitalKibbutz 10,200 0 0.052Amiad AMS 10,152,371 0 52.18 At the same meeting, the board of directors resolved (conditional upon obtainingshareholder approval at the Company's Annual General Meeting to be held laterthis year) to grant options over 72,961 ordinary shares under the Plan to Mr Joseph Rokah, a director of the Company, at an exercise price of US$1.532 perOrdinary Share (being the same price as the exercise price for the optionspreviously granted to Kibbutz Amiad and all other option holders), such sharesto vest as follows: Vesting Date Number of Ordinary Shares 11 August 2007 36,480 11 August 2008 18,240 11 August 2009 18,241 On 19 April 2007, the Company was notified by Mr Rokah that, following the aboveconditional grant of options over shares, he is interested, either directly orindirectly, in the following number of shares in the Company: Number of Ordinary Number of Ordinary Shares % of Issued ShareShares under Option Capital5,000 72,961 0.401 Enquiries Amiad Filtration Systems Ltd. +972 4 690 9500Yossi Katz, Chief Executive OfficerItamar Eder, Chief Financial Officer Corfin Communications +44 20 7929 8989Harry Chathli, Neil Thapar This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
25th Mar 20204:43 pmRNSSecond Price Monitoring Extn
25th Mar 20204:37 pmRNSPrice Monitoring Extension
25th Mar 202010:34 amRNSFurther update on EGM
20th Mar 20207:00 amRNSUpdate on EGM
4th Mar 20207:00 amRNSProposed Directorate Change
27th Feb 20207:00 amRNSUpdate on potential investment and Notice of EGM
11th Feb 20207:00 amRNSAmiad receives Green Economy Mark
2nd Jan 20204:25 pmRNSPDMR Exercise of Options, Issue of Equity and TVR
13th Dec 20197:00 amRNSTrading Update
12th Dec 201912:12 pmRNSResult of AGM
22nd Nov 20197:00 amRNSUpdate on Potential Investment
7th Nov 201912:50 pmRNSNotice of AGM, Options Grant & Directorate Change
11th Sep 20197:00 amRNSInterim Results
11th Sep 20197:00 amRNSUpdate on Potential Investment
2nd Sep 20198:54 amRNSResponse to Media Speculation
28th May 20197:00 amRNSPublication of Annual Report and Accounts
21st May 20197:00 amRNSDirectorate Change
7th May 20194:40 pmRNSSecond Price Monitoring Extn
7th May 20194:35 pmRNSPrice Monitoring Extension
7th May 201910:20 amRNSHolding(s) in Company
7th May 201910:20 amRNSHolding(s) in Company
28th Mar 20197:00 amRNSFinal Results
19th Mar 20197:00 amRNSAppointment of Chief Financial Officer
13th Nov 20187:00 amRNSManagement Change
6th Nov 20185:13 pmRNSSecond Price Monitoring Extn
6th Nov 20184:35 pmRNSPrice Monitoring Extension
13th Sep 201812:01 pmRNSResult of AGM and Director Appointment
5th Sep 20187:00 amRNSInterim Results
7th Aug 20187:00 amRNSAmiad supplies major Singapore desalination plant
2nd Aug 20183:00 pmRNSNotice of AGM and Directorate Change
26th Jul 20183:48 pmRNSHolding(s) in Company
24th Jul 20182:05 pmRNSSecond Price Monitoring Extn
24th Jul 20182:00 pmRNSPrice Monitoring Extension
24th Jul 20187:00 amRNSAcquisition of Amiad India
23rd Jul 201812:38 pmRNSHolding(s) in Company
13th Jun 20184:44 pmRNSDeath of a Director
25th May 20189:00 amRNSPublication of Annual Report and Accounts
11th Apr 20187:00 amRNSFinal Results
3rd Apr 20187:00 amRNSDirectorate Change
28th Feb 201811:50 amRNSResult of EGM and Director Appointment
24th Jan 20183:30 pmRNSNotice of EGM and Directorate Change
22nd Nov 20172:55 pmRNSLicensing agreement with Dow Global Technologies
6th Sep 20177:00 amRNSInterim Results
3rd Aug 201711:37 amRNSResult of AGM
12th Jul 20177:00 amRNSUpdate regarding French certification
28th Jun 20178:30 amRNSNotice of AGM
31st May 20177:00 amRNSNotification regarding French certification
28th Apr 201711:51 amRNSPublication of Annual Report
30th Mar 20177:00 amRNSFinal Results
28th Feb 20177:00 amRNSHolding(s) in Company

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