Amiad Water Systems Ltd Update on Potential Investment (0399J)
April 07 2020 - 4:15AM
UK Regulatory
TIDMAFS
RNS Number : 0399J
Amiad Water Systems Ltd
07 April 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION
OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES
AT THE END OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
For immediate release
7 April 2020
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Update on Potential Investment
Further to the Company's announcements of 27 February 2020 and 2
April 2020, Amiad (AIM: AFS), a leading global producer of water
treatment and filtration solutions, announces that it has, today,
received the approval of the Director General of the Israeli
Competition Authority for the proposed subscription of up to
7,652,174 new ordinary shares in the Company by FIMI Israel
Opportunity.
The proposed subscription remains conditional upon the admission
to trading on AIM of the Subscription Shares and the Proposed Open
Offer Shares (as such terms are defined in the Company's circular
to shareholders dated 27 February 2020), and such admission
becoming effective at 8.00am BST on or around 29 April 2020 or such
later date as may be determined by the Company (with a long stop
date of 30 September 2020). The Company will update the market in
due course.
Enquiries
Amiad Water Systems Ltd.
Dori Ivzori, Chief Executive
Officer
Avishay Afriat, Chief Financial
Officer +972 4 690 9500
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Stifel Nicolaus Europe Ltd.
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Stewart Wallace, Ben Maddison +44 20 7710 7600
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Luther Pendragon Ltd.
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Harry Chathli, Claire Norbury,
Rachel So +44 20 7618 9100
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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
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.
For additional information or product details, please visit
www.amiad.com .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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