Notice of EGM
January 29 2010 - 2:00AM
UK Regulatory
TIDMAFS
RNS Number : 3181G
Amiad Filtration Systems Ltd
29 January 2010
29 January 2010
Amiad Filtration Systems Ltd.
("Amiad" or "the Company")
Notice of Extraordinary General Meeting
Further to the Company's announcement of 20 January 2010, the Board of Amiad
announces that an Extraordinary General Meeting ("EGM") will be held at 9am
GMT on Tuesday 9 March 2010 at the offices of Speechly Bircham LLP, 6 New
Street Square, London, EC4A 3LX, England.
The business to be conducted at the EGM will be to consider and, if thought fit,
pass resolutions:
* to approve the engagement of the Company in an agreement for
the acquisition of the entire issued share capital of, and
ownership rights in, Arkal Filtration Systems Cooperative
Agricultural Society Ltd. ("Arkal")
* to increase the authorised share capital of the Company by NIS
1,500,000 so that, following such increase, the authorized
share capital of the Company shall be NIS 11,500,000 divided
into 23,000,000 ordinary shares of 0.5 NIS each
Formal notice of the EGM, with forms of proxy and direction, has been posted to
shareholders and holders of depository interests.
Copies of the Circular to shareholders and to holders of depository interests
are available from the Company's website.
In addition to the approval of the Company's shareholders, the completion of the
acquisition is subject, inter alia, to the following:
(a) the approval of Beit Zera's creditor
banks and any other creditors of Kibbutz
Beit Zera to the execution of the
transaction, the final and complete release
of Arkal from any and all obligations that
secure any debt or obligation of Beit Zera
or any of its affiliates (except Arkal and
its subsidiaries), the removal of all
charges or any other assurance pertaining to
the rights in Arkal and/or assets of Arkal
that secured the guarantees and
indemnification obligations or any other
obligations as mentioned above (excluding
charges to guarantee the debts of Arkal
itself) and an overall arrangement of Beit
Zera debt with the abovementioned
creditors; and
(b) the approval of the Israeli
Restrictive Trade Authority to execute the
transaction according to its terms.
A further announcement regarding the expected timing of completion of the
acquisition will be made following the EGM.
Enquiries:
+----------------+-------------------+
| Amiad | |
| Filtration | |
| Systems | |
| Ltd. | |
+----------------+-------------------+
| Arik | +972 4 690 9500 |
| Dayan, | |
| Chief | |
| Executive | |
| Officer | |
| Rivka | |
| Kalmanzon, | |
| Chief | |
| Financial | |
| Officer | |
+----------------+-------------------+
| | |
+----------------+-------------------+
| Panmure | |
| Gordon | |
+----------------+-------------------+
| Andrew | +44 20 7459 3600 |
| Godber | |
+----------------+-------------------+
| | |
+----------------+-------------------+
| Corfin | |
| Communications | |
+----------------+-------------------+
| Harry | +44 20 7977 0020 |
| Chathli, | |
| Claire | |
| Norbury | |
+----------------+-------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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