20th Mar 2013 07:00
20 March 2013
Amiad Water Systems Ltd.
("Amiad" or "the Company")
Directorate Change
Amiad, a leading global producer of water treatment and filtration solutions, announces that Ms. Osnat Ronen, a non-executive director of the Company, has resigned from the Board of Directors ("BOD") with immediate effect. The Company intends to announce a replacement as soon as possible.
Ms. Ronen has represented the interests of Viola Private Equity I L.P. ("Viola"), which owns approximately 19.5% of the Company's issued ordinary share capital, on the BOD since 1 April 2009. Ms. Ronen, who has stepped down from her position at Viola, is unable to continue to represent their interests and, hence, has resigned from the BOD.
Tal Yeshua, Chairman of Amiad, said: "We would like to thank Ms. Osnat Ronen for her contribution to the Company during a period of unprecedented growth and development, and we wish her well with her future endeavours."
Enquiries:
Amiad Water Systems Ltd. |
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Arik Dayan, Chief Executive Officer Amir Harel, Chief Financial Officer | +972 4 690 9500 |
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Nomura Code Securities Ltd. |
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Giles Balleny | +44 20 7776 1200 |
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Luther Pendragon |
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Harry Chathli, Claire Norbury | +44 20 7618 9100 |
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