Holding in Company (8572X)
February 21 2012 - 12:50PM
UK Regulatory
TIDMWTL
RNS Number : 8572X
Waterlogic PLC
21 February 2012
21 February 2012
Waterlogic Plc
("Waterlogic" or the "Company")
Holding in Company
Waterlogic Plc (AIM: WTL.L), a leading manufacturer and global
distributor of point-of-use ("POU") drinking water purification and
dispensing systems, received notification on 21 February 2012 that
following the acquisition of 440,000 ordinary shares in the Company
on 17 February 2012, Universities Superannuation Scheme Ltd is now
interested in 7,322,691 shares, representing 9.436% of the issued
share capital and voting rights of the Company.
Enquiries:
Waterlogic Plc Tel: +44 (0)20 7074 1800
Jeremy Ben-David, Group Chief Executive Email: waterlogic@kreabgavinanderson.com
Officer
Steve Harrison, Group Chief Financial
Officer
Liberum Capital (Nominated Adviser Tel: +44 (0)20 3100 2000
and Broker)
Steve Pearce
Richard Bootle
Kreab Gavin Anderson (PR Adviser) Tel: +44 (0)20 7074 1800
James Benjamin Email: waterlogic@kreabgavinanderson.com
Madeleine Palmstierna
Website: www.waterlogic.com
Notes to editors:
Waterlogic Plc
Waterlogic Plc (AIM: WTL.L) is a leading manufacturer and global
distributor of mains attached point-of-use ("POU") drinking water
purification and dispensing systems designed for environments such
as offices, factories, hospitals, hotels, schools, restaurants and
other workplaces. Waterlogic is a Jersey registered company.
Waterlogic was one of the first companies to introduce POU
systems to Europe and has been a leader in the POU market in terms
of product design and quality, the application of new technologies
and in sales and service. Waterlogic has an extensive and expanding
independent global distribution network in place, reaching 50
countries across five continents.
Waterlogic products are currently being sold in North and South
America, Europe, Asia, Australia and South Africa. Waterlogic's
leading markets are the US and Western Europe in particular,
Germany, France, Norway, Sweden and the UK. Of the 1.5 million new
installations in the business-to-business market between 2005 and
2010, approximately 73% incorporated POU technology of which
Waterlogic had a 26% market share.
The Directors believe that the movement away from bottled water
coolers (BWC) to POU water dispensers is set to continue its
current trend as a result of cost, convenience, health benefits and
environmental considerations.
Waterlogic's Firewall(TM) ultra-violet (UV) technology is one of
the most effective water purification technologies for POU water
dispenser applications currently on the market and is the only
technology certified as being able to guarantee 99.9999% pure water
100% of the time, a fact which has been confirmed by over 5,000
physical tests in independent laboratories. The innovative
Firewall(TM) technology incorporates a highly-specialised, compact
UV system in the faucet/tap, which ensures that water passes
through the UV system immediately before it is dispensed into a
cup. This point of differentiation for Firewall(TM) is unique in
the POU market.
For the financial year ended 31 December 2010, the Group
generated revenues and adjusted EBITDA of USD 68.3 million and USD
11.4 million, respectively, and had approximately 500,000 machines
installed as at 31 December 2010.
As part of Waterlogic's ongoing commitment to providing safe
water, the Group has pledged to donate USD 225,000 over the next
three years to WaterAid. WaterAid is a renowned international
non-profit organisation that transforms lives by improving access
to safe water, hygiene and sanitation in the world's poorest
countries. Since 1981 WaterAid has reached 15.9 million people
globally with safe water. Website: www.wateraidamerica.org/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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