Amiad Water Systems Ltd Notice of AGM (0145R)

TIDMAFS

RNS Number : 0145R

Amiad Water Systems Ltd

23 June 2015

Amiad Water Systems Ltd.

("Amiad" or "the Company")

Notice of AGM

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, gives notice that the Annual General Meeting ("AGM") of the Company is to be held at 11.00am BST on Tuesday 28 July 2015 at the offices of Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London EC4R 9HA, UK, to consider and, if thought fit, pass the following resolutions:

-- To receive the Company's financial statements and annual report for the year ended 31 December 2014 and the reports of the directors and auditors in relation thereto.

-- To re-appoint Kesselman & Kesselman as the Company's auditors and to authorise the directors of the Company to fix their remuneration.

-- To re-elect the following serving directors of the Company who retire but who are offering themselves for re--election to hold office until the conclusion of the next AGM (and are eligible to do so in accordance to the Company's articles of association):

-- Mr. Eli Opper;

-- Mr. Amos Shalev;

-- Ms. Zehava Simon;

-- Mr. Arik Dayan;

-- Ms. Jenny Cohen Derfler;

-- Mr. Avraham Azani; and

-- Dr. Gilead Fortuna.

   --                 To appoint Mr. Oded Rosen as a director of the Company.

-- To approve the terms of appointment and remuneration of Mr. Oded Rosen as a director of the Company, as set out in his draft letter of appointment to be entered into by the Company and Mr. Oded Rosen,

-- To approve the entering into of an indemnification agreement between the Company and Mr. Oded Rosen,

-- To approve the entering into of an indemnification agreement between the Company and Dr. Gilead Fortuna.

-- To approve a change in the terms of remuneration of Mr. Eli Opper, the chairman of the board of directors of the Company, to include three months advance notice period.

   --                 To approve an update to the Company's directors' expense reimbursement policy.

-- To approve payment of a participation fee to non-executive directors with respect to their participation on Advisory Committees of the Board.

-- To authorise the Company to extend its directors' and officers' liability insurance policy for an additional 12 month period ending on 31 July 2016, at an annual cost of up to USD 50,000.

Further information on the resolutions can be found in the Notice of AGM circular that has, along with forms of proxy and direction, been made available to shareholders of the Company as an electronic communication, and will be made available on Amiad's website at: www.amiad.com.

Enquiries:

 
 Amiad Water Systems Ltd. 
--------------------------------  ----------------- 
 Arik Dayan, Chief Executive 
  Officer 
  Irit Ben-Dov, Chief Financial 
  Officer                          +972 4 690 9500 
--------------------------------  ----------------- 
 
 Stifel Nicolaus Europe 
  Ltd. 
--------------------------------  ----------------- 
 Giles Balleny                     +44 20 7710 7600 
--------------------------------  ----------------- 
 
 Luther Pendragon Ltd. 
--------------------------------  ----------------- 
 Harry Chathli, Claire 
  Norbury, Oliver Hibberd          +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 the industrial, municipal, irrigation, oil & gas and ballast water markets. In these segments its patented 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 nine subsidiaries and a comprehensive network of over 170 distributors to customers in more than 80 countries.

For additional information or product details, please visit www.amiad.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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