TIDMAFS 
 
RNS Number : 7614N 
Amiad Filtration Systems Ltd 
17 June 2010 
 

17 June 2010 
 
                          Amiad Filtration Systems Ltd. 
                           ("Amiad" or the "Company") 
 
                       Notice of AGM and Business Update 
 
Amiad, the producer and global supplier of water filters and filtration systems 
for the industrial, municipal and irrigation markets, gives notice of its Annual 
General Meeting and provides a business update for the first half of 2010. The 
AGM of the Company is to be held at 11.00am BST on Wednesday 28 July 2010 at the 
offices of Speechly Bircham LLP, 6 New Street Square, London, EC4A 3LX, England, 
to consider the following resolutions: 
 
·          to receive the Company's annual report and accounts for the year 
ended 31 December 2009; 
 
·        to re-appoint Kesselman & Kesselman, a member firm of 
PricewaterhouseCoopers International Limited, as the Company's auditors and to 
authorise the directors of the Company to fix their remuneration; 
 
·         to re-elect the following directors of the Company who retire in 
accordance with the Company's articles of association (the "Articles") and who 
in each case being eligible, offer themselves for re-election, to hold office 
until the conclusion of the next annual general meeting: 
 
·          to appoint Mr Amos Shalev as a director of the Company; 
·          to approve the terms of appointment and remuneration of Mr Amos 
Shalev as a director of the Company, as set out in his draft letter of 
appointment to be entered into by the Company and Mr Amos Shalev; 
·          to approve the entering into of an indemnification agreement between 
the Company and Mr Shalev, in a form to be produced to the AGM (which is 
substantially in the form previously approved by the shareholders of the Company 
in respect of existing directors); 
·          to approve an increase in the monthly gross remuneration of the 
Chairman of the Board, Mr Tal Yeshua, from NIS 27,300 to NIS 45,000 with effect 
retrospectively from 1 January 2010; 
·          to approve a bonus of NIS 250,000 for Mr Tal Yeshua in respect of the 
year 2009; 
·          to authorise the Company to extend its directors' and officers' 
liability insurance policy for an additional 12 month period ending on 31 July 
2011, in the current level of expenses. 
Business Update 
Further to the completion of the acquisition of Arkal Filtration Systems 
Cooperative Agricultural Society Ltd. ("Arkal"), Amiad announces that its 
results will be incorporated with those of the Company as of 1 May 2010. 
 
In the Company's results for the year ended 31 December 2009, which were 
announced on 15 April 2010, Amiad stated that trading in the early part of 2010 
had been impacted negatively by the general economic downturn. This trend has 
continued, primarily in the irrigation segment and in industrial projects in the 
US. As a result, revenues and profits are expected to be below the Company's 
previous expectations. Amiad now expects to report revenues for the first half 
of 2010 of approximately $37 million (including c.$6 million contribution from 
Arkal) compared with $36.8 million for the first half of 2009. 
 
The Company expects that trading in the second half of 2010 will improve. In 
addition, the Arkal acquisition is expected to further strengthen total revenue. 
It is anticipated that results for the six months to 30 June 2010 will be 
announced in early September 2010, when the Company will provide an update on 
its trading for the full year. These will take into account the synergies that 
should begin to flow from the merger with Arkal. 
 
 
Enquiries: 
 
+------------------------------+------------------------------+ 
| Amiad Filtration Systems     |                              | 
| Ltd.                         |                              | 
+------------------------------+------------------------------+ 
| Tal Yeshua, Chairman         | +972 4 690 9500              | 
| Arik Dayan, Chief Executive  |                              | 
| Officer                      |                              | 
+------------------------------+------------------------------+ 
|                                                             | 
+-------------------------------------------------------------+ 
| Panmure Gordon               |                              | 
+------------------------------+------------------------------+ 
| Andrew Godber, Katherine Roe | +44 20 7459 3600             | 
+------------------------------+------------------------------+ 
|                                                             | 
+-------------------------------------------------------------+ 
| Corfin Communications        |                              | 
+------------------------------+------------------------------+ 
| Harry Chathli, Claire        | + 44 20 7596 2860            | 
| Norbury                      |                              | 
+------------------------------+------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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