Amiad Water Systems Ltd Directorate Change (9420Q)
March 03 2021 - 1:00AM
UK Regulatory
TIDMAFS
RNS Number : 9420Q
Amiad Water Systems Ltd
03 March 2021
3 March 2021
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Directorate Change
Amiad (AIM: AFS), a leading global producer of water treatment
and filtration solutions, announces that Mr Derek Zissman, a
statutory external director of the Company, has retired from the
Board of Directors with immediate effect. This follows Mr Zissman's
completion of his second three-year term as an external
director.
Public companies incorporated under the Israeli Companies Law
are required to appoint at least two statutory external directors,
each serving a minimum of one three-year term. Following Mr
Zissman's retirement, Mr Arie Schor has become the Company's sole
statutory external director. Accordingly, the Company is required
to appoint at least one additional statutory external director as
soon as possible. The Company has commenced a search and will
update the market in due course. In addition, following Mr
Zissman's retirement, Mr Schor has assumed the role of chairman of
the Audit Committee.
Yariv Avisar, Chairman of Amiad, said: " We would like to thank
Derek for his tremendous contribution to Amiad over the last six
years - in particular, as chairman of the Audit Committee and his
role in the investment by FIMI. He has also provided excellent
insight into the UK market and has been a great support to me as
Chairman. We wish him all the best in his future endeavours."
Enquiries
Amiad Water Systems Ltd.
Dori Ivzori, Chief Executive
Officer
Relly Shimko, Chief Financial
Officer +972 4 690 9500
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Stifel Nicolaus Europe Ltd.
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Fred Walsh, Stewart Wallace +44 20 7710 7600
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Luther Pendragon
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Harry Chathli, Claire Norbury +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
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 .
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END
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