Amiad Water : Proposed Directorate Change

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Amiad Water Systems Ltd - AFS Proposed Directorate Change Released 07:00 04-Mar-2020

RNS Number : 9165E

Amiad Water Systems Ltd

04 March 2020

4 March 2020

Amiad Water Systems Ltd.

('Amiad' or the 'Company')

Proposed Directorate Change

Further to the Company's announcement on 27 February 2020, the following information is provided in relation to the proposed appointment of Ishay Davidi, Lilach Asher Topilsky and Ran Shahor to the board of directors of the Company pursuant to paragraph (g) of Schedule 2 of the AIM Rules for Companies.

Ishay Davidi (aged 58)

Current directorships/partnerships	Directorships/partnerships within the last five years
FIMI Opportunity Funds Hadera Paper Polyram Plastic Industries Dimar SOS Bet Shemesh Engines G1 Israel PCB Technologies Ham-Let Inrom Industries C.Mer Industries DelekSan Recycling Gilat Satellite Networks Rekah Pharmaceutical Industries Tadir-Gan Precision Products Kamada	Overseas Ormat Novolog Givon RH Electronics Raval

The Company currently has agreements in place with entities affiliated to FIMI, being Polyram Plastic Industries Ltd. ('Polyram') and Rivulis Irrigation Ltd. ('Rivulis').

Polyram is one of the Company's plastic raw materials suppliers and the Company's biggest supplier, from which the Company orders plastic materials from time to time. The purchases are made pursuant to an agreed price list that reflects market prices.

Rivulis is a relatively small customer of the Company that acquires the Company's products for its domestic and global irrigation activity, from time to time, pursuant to the Company's standard prices.

The Company intends to formalise these arrangements and an announcement will be made when this occurs.

Lilach Asher Topilsky (née Asher; aged 49)

Current directorships/partnerships	Directorships/partnerships within the last five years
G1 Secure Solutions FIMI Opportunity Funds Tel Aviv University Kamada	Israel Discount Bank IDBNY BANKCORP Israel Discount Bank of New York Mercantile Bank

Ran Shahor (aged 62)

Current directorships/partnerships	Directorships/partnerships within the last five years
Ran Shahor R.S. Limited HolistiCyber Ltd Holisticyber UK Limited Holisticyber Inc GALOP (NGO) Misdar Dorshey Tov (NGO)	Ran Management Ltd. Focal-Energy Focal Solar Power Project Sathyam Green Power Ancarac IL Ltd.

Mr Shahor was appointed a director of Ancarac IL Ltd. in March 2017, which entered voluntary liquidation in July 2017.

There is no further information required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules for Companies in relation to the appointment of Mr Davidi, Ms Asher Topilsky and Mr Shahor.

Enquiries

Amiad Water Systems Ltd.
Dori Ivzori, Chief Executive Officer Avishay Afriat, Chief Financial Officer	[phone]
Stifel Nicolaus Europe Ltd.
Stewart Wallace, Ben Maddison	[phone]
Luther Pendragon Ltd.
Harry Chathli, Claire Norbury, Rachel So	[phone]

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 the 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.

For additional information or product details, please visit www.amiad.com.

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Proposed Directorate Change - RNS