TIDMAFS
RNS Number : 5650T
Amiad Water Systems Ltd
26 March 2021
26 March 2021
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Notice of EGM and Director Appointments
Amiad (AIM: AFS), a leading global producer of water treatment
and filtration solutions, announces the proposed appointment of Ms
Ronit Fein and Ms Avital Refaely as statutory external directors of
the Company.
The appointment of new statutory external directors and certain
associated matters are required to be approved by a requisite
majority of shareholders at an Extraordinary General Meeting
("EGM") of the Company. The EGM to approve the new directors'
appointments, among other resolutions, is to be held at 9.00am BST
on 6 May 2021 at the offices of Bryan Cave Leighton Paisner LLP,
Governor's House, 5 Laurence Pountney Hill, London, EC4R 0BR.
In light of the current circumstances of the ongoing COVID-19
pandemic and government restrictions, the Board of Directors has
arranged for the quorum of one shareholder present in person or by
proxy holding, in aggregate, at least 25% of the voting rights in
the Company to be physically present at the EGM and no other
shareholders will be allowed to attend in person. To have their
votes counted, all shareholders are urged to appoint the Chairman
of the meeting as their proxy and holders of depository interests
are urged to instruct Link Market Services Trustees to vote on
their behalf.
Further information, including details on the EGM and the
resolutions to be proposed at the EGM, can be found in the circular
containing the Notice of EGM that, today, has been made available
to shareholders of the Company as an electronic communication and
published on Amiad's website at:
https://amiad.com/list-circulars/
Proposed Director Appointments
Ms Ronit Fein, aged 49, has over 25 years' corporate and
financial experience . She is currently CFO of Ahava Dead Sea
Laboratories Ltd, an international cosmetics company that is based
in Israel and with a global distribution network. Other positions
have included Chief Economist at Keter Group, a manufacturer and
marketer of resin-based household and garden consumer products that
is valued at over $1bn. During her nine years at Keter Group, she
was involved in M&A transactions and in developing business
strategy, as well as in overseeing the turnaround of newly-acquired
subsidiary companies. Ms Fein also served as a member of the Board
of Directors of TASE-listed Hamat Group Ltd (formerly Merhav
Ceramic and Building Materials Center Ltd).
Ms Avital Refaely (neƩ Treister), aged 51, has over 25 years'
experience in business and marketing . She is currently VP Market
Development, International Markets, for K Health, a primary care
provider via a data-driven healthcare app, which in December 2020
raised $132m valuing the company at $1.5bn. Prior to joining K
Health, she spent over 10 years as VP Marketing for the Ofer Malls
of TASE-listed Melisron Group, a real estate development company
and one of the largest operators of shopping centres in Israel.
Other previous roles include CEO of Max Brenner, a chocolate
restaurant and retail brand, where she oversaw the global expansion
of the business, including the opening of its first location in the
US in New York City.
Ms Fein and Ms Refaely will serve as statutory external
directors of the Company, as required under Israeli Companies Law,
for a three-year period commencing from the conclusion of the
EGM.
Pursuant to Schedule 2(g) of the AIM Rules for Companies, Ronit
Fein (aged 49) and Avital Refaely (aged 51) have held the following
directorships or partnerships in the past five years:
Ms Ronit Fein
Current Directorships Directorships within the last
five years
------------------------------
N/A N/A
------------------------------
Ms Avital Refaely
Current Directorships Directorships within the last
five years
-------------------------------
N/A British Israel Investments Ltd
-------------------------------
Ronit Fein and Avital Refaely do not currently hold any shares
in the Company.
There is no further information to be disclosed in respect of
the above appointment pursuant to Rule 17 and Schedule 2 paragraph
(g) of the AIM Rules for Companies.
Enquiries
Amiad Water Systems Ltd.
Dori Ivzori, Chief Executive
Officer
Relly Shimko, Chief Financial
Officer +972 4 690 9500
-----------------
Stifel Nicolaus Europe Ltd.
-----------------
Fred Walsh, Stewart Wallace +44 20 7710 7600
-----------------
Luther Pendragon
-----------------
Harry Chathli, Claire Norbury +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
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.
FIMI Opportunity Funds, the leading private equity investor in
Israel, is a controlling shareholder of Amiad, with an interest in
39.5% of the Company's outstanding issued share capital.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCPPUQPWUPGGBA
(END) Dow Jones Newswires
March 26, 2021 03:00 ET (07:00 GMT)
Amiad Water Systems (LSE:AFS)
Historical Stock Chart
From Apr 2024 to May 2024
Amiad Water Systems (LSE:AFS)
Historical Stock Chart
From May 2023 to May 2024