Annual Financial Report and Notice of AGM (2807D)
May 14 2012 - 7:21AM
UK Regulatory
TIDMWTL
RNS Number : 2807D
Waterlogic PLC
14 May 2012
14 May 2012
Waterlogic Plc
("Waterlogic" or the "Company")
ANNUAL REPORT AND ACCOUNTS
Waterlogic Plc (AIM: WTL.L), a leading manufacturer and global
distributor of point-of-use ("POU") drinking water purification and
dispensing systems, confirms that, in accordance with Rule 20 of
the AIM Rules, copies of its Annual Report and Accounts for the
year ended 31 December 2011 together with the Notice of Annual
General Meeting and Form of Proxy have been posted to shareholders
of the Company.
Copies of the Annual Report and Accounts and the Notice of
Annual General Meeting are available for download from the
Company's website at www.waterlogic.com.
The Annual General Meeting of the Company will be held at The
Hilton Dublin Airport Hotel at 11 a.m. on 7 June 2012.
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 (AIM: WTL.L) is a leading designer, manufacturer
and 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's products and services are built on the simple vision
of a three stage approach to purity:
1 Filtration to remove unwanted contaminants, chlorine and other
water-borne tastes and odours.
2 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 its dispensers are certified by the Water Quality Association
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.
3 BioCote silver antimicrobial protection. Plastic surfaces
surrounding dispensing areas of Waterlogic units are infused
with a silver additive called BioCote, a natural anti-microbial
that inhibits the growth of microorganisms, giving yet another
layer of hygienic defence.
Founded in 1992, 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 around the world.
Waterlogic products are currently being sold in North and South
America, Europe, Asia, Australia and South Africa. Waterlogic's
leading markets are the USA and Western Europe, in particular
Germany, France, Scandinavia and the UK. Of the 1.9 million new POU
and bottled water installations in the business-to-business market
in the USA and Europe between 2005 and 2011, approximately 73%
incorporated POU technology.
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.
For the financial year ended 31 December 2011, the Group
generated revenues and adjusted EBITDA (adjusted for share based
incentives expense, capital reorganisation related costs and
acquisition related costs) of USD 84.9 million and USD 13.4
million, respectively, and had approximately 565,000 machines
installed as at 31 December 2011.
As part of Waterlogic's on-going 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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