19th Jun 2008 07:00
RNS Number : 0527X
Amiad Filtration Systems Ltd
19 June 2008
19 June 2008
Amiad Filtration Systems Ltd.
("Amiad" or the "Company")
Posting of Reports and Accounts and Notice of AGM
Amiad, a producer and global supplier of automated water filters and filtration systems for the industrial & municipal and the irrigation markets, announces that the annual general meeting of the Company is to be held at 11.00am on Tuesday, 29 July 2008 at St Magnus House, 3 Lower Thames Street, London EC3R, England to consider the following resolutions:
To receive the accounts of the Company for the year ended 31 December 2007 and the reports of the directors and auditors in relation thereto.
To re-appoint Kesselman & Kesselman, a member firm of PricewaterhouseCoopers International Limited, as auditors of the Company to hold office until the conclusion of the next general meeting of the Company at which accounts and reports of the Company are received and to authorise the directors of the Company to fix their remuneration.
To re-elect Mr Tal Yeshua as a director of the Company. To re-elect Mr Abraham Heifetz as a director of the Company.
To re-elect Mr Rami Treger as a director of the Company.
To re-elect Mr Dan Falk as a director of the Company.
To re-elect Mr Itamar Eder as a director of the Company.
To re-elect Dr Izhar Ben-Shlomo as a director of the Company.
To authorise the Company to extend its existing directors' and officers' liability insurance policy for an additional 12-month period ending on 31 July 2009.
To approve the entering into an amended and restated employment agreement with Mr Rami Treger in the form presented at the meeting.
To approve an increase in the monthly (gross) remuneration of Mr Tal Yeshua from £1,500 to NIS 27,300 with effect from 1 August 2008.
To approve a new method for determining the remuneration of Dr Izhar Ben-Shlomo, pursuant to which Dr Ben Shlomo shall be entitled to receive a basic sum of NIS 48,000 (gross) per annum plus a sum of NIS 4,000 (gross) per each meeting of the board of directors of the Company attended by him, such new method to be implemented as of August 2008.
To approve a new method for determining the remuneration of Mr Dan Falk, pursuant to which he shall be entitled to receive a basic sum of NIS 72,000 (gross) per annum plus a sum of NIS 4,000 (gross) per each meeting of the board of directors of the Company attended by him, such new method to be implemented as of 1 August 2008.
To approve the payment of a special retirement bonus of US$25,000 to Mr Abraham Heifetz on 1 September 2009.
The Reports and Accounts of the Company for the year ended 31 December 2007 have been posted to shareholders today, 19 June 2008. Copies will be made available at the registered office of Amiad:
D.N. Galil Elyon 1
12335
Israel
The Reports and Accounts will also be available on the Company's website: www.amiad.com
Enquiries:
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Amiad Filtration Systems Ltd.
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Tal Yeshua, Chairman
Itamar Eder, Chief Financial Officer
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+972 4 690 9500
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Corfin Communications
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Harry Chathli, Clare Perks
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+ 44 20 7977 0020
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This information is provided by RNS
The company news service from the London Stock Exchange
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