Waterlogic PLC Holding in Company (6701H)

TIDMWTL

RNS Number : 6701H

Waterlogic PLC

13 July 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 13 July 2012 that following the disposal of 2,000,000 ordinary shares in the Company on 12 July 2012, Universities Superannuation Scheme Ltd is now interested in 5,322,691 shares, representing 6.86% 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 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, of which approximately 27% were Waterlogic products.

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/

- ENDS -

This information is provided by RNS

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