TIDMAFS
RNS Number : 4893I
Amiad Water Systems Ltd
12 August 2021
12 August 2021
Amiad Water Systems Ltd.
("Amiad" or the "Company")
Update on Transfer of Listing to TASE
Further to the Company's announcement of 10 August 2021, Amiad
(AIM: AFS), a leading global producer of water treatment and
filtration solutions, announces that its prospectus (the
"Prospectus") in relation to the admission of the Ordinary Shares
of the Company to trading on the Tel Aviv Stock Exchange (the "TASE
Listing") has today been published in Hebrew on MAYA, the online
system of the Tel Aviv Stock Exchange ("TASE") for corporate
disclosures. This follows the Company's receipt of approval for the
TASE Listing from TASE and the Israeli Securities Authority
("ISA").
The Company anticipates that trading in its Ordinary Shares will
commence on TASE at 7.30am-8.30am BST on 23 August 2021 and that
the cancellation of admission of the Company's Ordinary Shares to
trading on AIM (the "AIM Cancellation") will become effective at
7.00am BST on 26 August 2021.
The Company's Ordinary Shares will trade on TASE under the
symbols 'AMD' and ' '.
Dealing in shares following the TASE Listing and AIM
Cancellation
Following the TASE Listing and the AIM Cancellation, all
shareholders will retain their existing holdings.
With effect from the AIM Cancellation, the appointment of Link
Group as the depository in respect of the depository interests
shall be terminated and, from close of business on the date of the
AIM Cancellation, the depository interests will cease to be
eligible to settle in CREST.
Under Israeli law and TASE rules, once listed on TASE, the
Company will be unable to provide share certificates or maintain a
share register outside of Israel. Accordingly, shareholders and
depository interest holders are strongly encouraged to transfer
their holdings to a bank or broker who is or has an Israeli
affiliate or correspondent broker and which, in either case, is a
member of TASE or is able to make arrangements with the Israeli
nominee of such a member (an "Israeli Representative") no later
than five Business Days (whether in London or Tel Aviv) before the
date of the AIM Cancellation.
To the extent that shareholders do not transfer their holdings
to an Israeli Representative by no later than five Business Days
before the date of the AIM Cancellation, all share certificates
will be cancelled and electronic shares will be issued in place of
them to Reznik Raz Nevo Trusts Ltd., an Israeli nominee appointed
by the Company (the "Appointed Nominee"), who will hold the
Ordinary Shares on behalf of such shareholder until such time as
the relevant shareholder transfers their holding to an Israeli
Representative in the manner specified above.
Following the AIM Cancellation, shareholders will be unable to
trade their Ordinary Shares unless and until they transfer their
holdings to an Israeli Representative in the manner specified
above.
If a shareholder's Ordinary Shares are held by the Appointed
Nominee and they wish to vote those Ordinary Shares, receive
dividends in respect of those Ordinary Shares or transfer those
Ordinary Shares from the Appointed Nominee to an Israeli
Representative, shareholders will need to contact the Company and
the Appointed Nominee and provide them with evidence of their
identity which, for an individual, will be a copy of their identity
card or passport and, in the case of a company or other corporate
entity, a certification of incorporation along with any other
document required by the Company and the Appointed Nominee for that
purpose.
For further assistance, shareholders can email info@amiad.com
.
Related party arrangements
As stipulated by the ISA pursuant to the TASE Listing and as
disclosed in the Prospectus, the Company has put in place certain
internal policies that set the following annual maximum payment
amounts in relation to its engagement with Polyram Plastic
Industries Ltd. ("Polyram") and Kibbutz Amiad:
-- The annual consideration paid to Polyram, the Company's
largest plastic raw materials supplier, will not exceed US$5m. The
Company orders plastic materials from Polyram from time to time via
purchase orders throughout the year as required. Polyram is an
affiliate of FIMI Opportunity Funds, which is a substantial
shareholder in the Company (as defined under the AIM Rules for
Companies (the "AIM Rules")) and a controlling shareholder of the
Company (as defined under the Israeli Companies Law 5759-1999 (the
"Israeli Companies Law")).
-- Any increase in rent paid to Kibbutz Amiad in respect of the
site of the Company's headquarters will not exceed more than 10% of
the most recent valuation produced by a professional appraiser
(with appraisals being conducted at least once every three years).
Kibbutz Amiad is an affiliated entity of HaChoshlim Foundation -
Agriculture Cooperative Society for Business Ltd., which is a
substantial shareholder in the Company (as defined under the AIM
Rules) and a controlling shareholder of the Company through its
wholly-owned subsidiary, A.M.SI. Investments (1997) Ltd.
To exceed these limits, the Company would first need to obtain
the requisite approvals pursuant to the Israeli Companies Law,
being those of the Company's Audit Committee, Board and, in certain
circumstances, shareholders. No changes are being made to the
existing contractual arrangements with these related parties.
This announcement contains inside information for the purposes
of the Market Abuse Regulation (596/2014/EU) as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018.
The person responsible for arranging for the release of this
announcement on behalf of the Company is Dori Ivzori, Chief
Executive Officer.
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
42.8% 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
FUREAAPAFDSFEFA
(END) Dow Jones Newswires
August 12, 2021 08:38 ET (12:38 GMT)
Amiad Water Systems (LSE:AFS)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
Amiad Water Systems (LSE:AFS)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
