TIDMAFS

RNS Number : 5662B

Amiad Water Systems Ltd

11 June 2021

11 June 2021

Amiad Water Systems Ltd.

("Amiad" or the "Company")

Change in Significant Shareholding

Amiad (AIM: AFS), a leading global producer of water treatment and filtration solutions, announces that it has been notified that, on 9 June 2021, FIMI Opportunity Funds ("FIMI"), a controlling shareholder of the Company, purchased 1,019,223 ordinary shares of NIS 0.5 each in the Company ("Ordinary Shares") from Arkal Quality Industries Agricultural Co-operative Society Ltd., a wholly-owned subsidiary of Kibbutz Beit Zera Cooperative Agricultural Society Ltd. ("Beit Zera").

Following the transaction, FIMI has a total interest in 13,026,517 Ordinary Shares, representing 42.8% of the issued share capital of the Company, and Beit Zera has no interest in the Ordinary Shares of the Company. Mr Ishay Davidi, a Non-executive Director of Amiad, is the beneficial owner of FIMI.

Further details are contained in the notices below.

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 .

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible) (i) 
 
 1a. Identity of the issuer or the                        Amiad Water Systems Ltd 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                         --------------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer                                                                                           X 
                                                                                                ------------------ 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights                                                             X 
                                                                                                ------------------ 
 An acquisition or disposal of financial instruments 
                                                                                                ------------------ 
 An event changing the breakdown of voting rights 
                                                                                                ------------------ 
 Other (please specify)(iii) : 
                                                                                                ------------------ 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                     FIMI 6 2016 Ltd. 
 City and country of registered office                    Tel-Aviv, Israel 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                     FIMI Israel Opportunity 6 ,Limited 
                                                           Partnership 
 
                                                           FIMI Opportunity 6, L.P. 
                                                         --------------------------------------------------------- 
 City and country of registered office                    Tel-Aviv, Israel 
  (if applicable) 
                                                         --------------------------------------------------------- 
 5. Date on which the threshold was                       9 June 2021 
  crossed or reached (vi) : 
                                                         --------------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):           9 June 2021 
                                                         --------------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                                      % of voting         % of voting rights    Total of both    Total number 
                                     rights attached      through financial      in % (8.A +      of voting rights 
                                    to shares (total         instruments             8.B)         of issuer (vii) 
                                        of 8. A)            (total of 8.B 
                                                              1 + 8.B 2) 
                                -----------------------  -------------------  ----------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                     42.83%                                        42.83%            30,416,487 
                                -----------------------  -------------------  ----------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                    39.48%                                        39.48% 
                                -----------------------  -------------------  ----------------  ------------------ 
 
 
 
  8. Notified details of the resulting situation on the date on which 
   the threshold was crossed or reached (viii) 
  A: Voting rights attached to shares 
  Class/type of    Number of voting rights                      % of voting rights 
   shares           (ix) 
   ISIN code (if 
   possible) 
                         Direct                Indirect                      Direct                        Indirect 
                   (Art 9 of Directive   (Art 10 of Directive          (Art 9 of Directive           (Art 10 of Directive 
                      2004/109/EC)           2004/109/EC)             2004/109/EC) (DTR5.1)              2004/109/EC) 
                        (DTR5.1)              (DTR5.2.1)                                                  (DTR5.2.1) 
                                        --------------------- 
  IL0010943905     13,026,517                                   42.83% 
                  --------------------  ---------------------  ----------------------------------  ----------------------- 
 
 
  SUBTOTAL 8. A                    13,026,517                                             42.83% 
                  -------------------------------------------  ----------------------------------------------------------- 
 
  B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
   (DTR5.3.1.1 (a)) 
  Type of          Expiration            Exercise/              Number of voting                    % of voting 
  financial         date                  Conversion Period      rights that may                     rights 
  instrument        (x)                   (xi)                   be acquired if 
                                                                 the instrument 
                                                                 is 
                                                                 exercised/converted. 
                  --------------------  ---------------------  ----------------------------------  ----------------------- 
 
 
 
                                         SUBTOTAL 8. B 1 
                                        ---------------------  ----------------------------------  ----------------------- 
 
  B 2: Financial Instruments with similar economic effect according to 
   Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
  Type of         Expiration             Exercise/              Physical or   Number of             % of voting 
  financial        date (x)              Conversion              cash         voting rights          rights 
  instrument                             Period (xi)             settlement 
                                                                 (xii) 
                 ---------------------  ---------------------  ------------  -------------------- 
 
 
 
                                                                SUBTOTAL 
                                                                8.B.2 
                                                               ------------  -------------------- 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled 
  by any natural person or legal entity and does not control any other 
  undertaking(s) holding directly or indirectly an interest in the 
  (underlying) issuer (xiii) 
 Full chain of controlled undertakings through which the voting rights                                       X 
  and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity (xiv) (please add additional 
  rows as necessary) 
    Name (xv)      % of voting rights            % of voting rights                        Total of both if 
                     if it equals or              through financial                         it equals or is 
                   is higher than the             instruments if it                         higher than the 
                       notifiable                equals or is higher                     notifiable threshold 
                        threshold                than the notifiable 
                                                      threshold 
                  --------------------  -----------------------------------  ------------------------------------------- 
 FIMI Israel 
  Opportunity 
  6, Limited 
  Partnership      22.79%                                                     22.79% 
                  --------------------  -----------------------------------  ------------------------------------------- 
 FIMI 
  Opportunity 
  6, L.P.          20.03%                                                     20.03% 
                  --------------------  -----------------------------------  ------------------------------------------- 
 FIMI 6 2016 
  Ltd. 
                  --------------------  -----------------------------------  ------------------------------------------- 
 Or Adiv Ltd. 
                  --------------------  -----------------------------------  ------------------------------------------- 
 Mr Ishay Davidi 
                  --------------------  -----------------------------------  ------------------------------------------- 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                        -------------------------------------------------------------------------------- 
 The number and % of voting rights 
  held 
                                        -------------------------------------------------------------------------------- 
 The date until which the voting 
  rights 
  will be held 
                                        -------------------------------------------------------------------------------- 
 
 11. Additional information (xvi) 
 FIMI 6 2016 Ltd., an Israeli company, is the managing general partner 
  of FIMI Israel Opportunity 6, Limited Partnership, an Israeli partnership, 
  and FIMI Opportunity 6, L.P., a Delaware partnership. 
 
  Or Adiv Ltd., an Israeli company, is the sole shareholder of FIMI 6 2016 
  Ltd. 
 
  Mr Ishay Davidi, an Israeli citizen, is the sole shareholder of Or Adiv 
  Ltd. and serves as the Chief Executive of all entities listed above. 
 
 
 
 Place of completion   Tel Aviv, Israel 
 Date of completion    9 June 2021 
                      ----------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
1   Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                       Ishay Davidi 
    -------------------------  ----------------------------------------------------- 
2   Reason for the notification 
    -------------------------------------------------------------------------------- 
a)  Position/status            Non-executive Director 
    -------------------------  ----------------------------------------------------- 
b)  Initial notification       Initial notification 
     /Amendment 
    -------------------------  ----------------------------------------------------- 
3   Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    -------------------------------------------------------------------------------- 
a)  Name                       Amiad Water Systems Ltd. 
    -------------------------  ----------------------------------------------------- 
b)  LEI                        213800P6ORZZT3X4TY55 
    -------------------------  ----------------------------------------------------- 
4   Details of the transaction(s): section to be repeated for 
     (i) each type of instrument; (ii) each type of transaction; 
     (iii) each date; and (iv) each place where transactions have 
     been conducted 
    -------------------------------------------------------------------------------- 
a)  Description of the         Ordinary Shares - NIS 0.5 
     financial instrument,      AFS - IL0010943905 
     type of instrument 
     Identification code 
    -------------------------  ----------------------------------------------------- 
b)  Nature of the transaction  Purchase of Ordinary Shares by FIMI Opportunity 
                                Funds, of which Mr Davidi is the ultimate beneficial 
                                owner. 
    -------------------------  ----------------------------------------------------- 
c)  Price(s) and volume(s)     Price(s)   Volume(s) 
                                N/A        1,019,223 
                                           --------- 
    -------------------------  ----------------------------------------------------- 
d)  Aggregated information     N/A 
    -------------------------  ----------------------------------------------------- 
e)  Date of the transaction    9 June 2021 
    -------------------------  ----------------------------------------------------- 
f)  Place of the transaction   Outside a trading venue 
    -------------------------  ----------------------------------------------------- 
 

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END

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June 11, 2021 02:00 ET (06:00 GMT)

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