TIDMWTL
RNS Number : 1384K
Waterlogic PLC
11 July 2011
11 July 2011
Waterlogic Plc
("Waterlogic" or the "Company")
Grant of Share Awards: Announcement in accordance with the AIM
Rules for Companies
Waterlogic Plc (AIM: WTL.L), a leading manufacturer and global
distributor of point-of-use ("POU") drinking water purification and
dispensing systems, announces that, in accordance with the AIM
Rules for Companies, the following grants of awards over ordinary
shares in the capital of the Company ("Shares") were made today as
further described in the Company's Admission Document dated 5 July
2011 (the "Admission Document"):
Pursuant to the Waterlogic Plc Performance Share Plan 2011:
Name Number of Shares Vesting Date
---------------- ----------------- -------------
Steven Harrison 472,376 11 July 2014
---------------- ----------------- -------------
Pursuant to bespoke award agreements:
Name Number of Shares Vesting Date
---------------- ----------------- -------------
Jeremy Marshall 97,005 11 July 2014
---------------- ----------------- -------------
Benoit Raillard 123,390 31 July 2013
---------------- ----------------- -------------
These awards were fully disclosed in the Admission Document,
which is available on the Company's website,
www.waterlogic.com.
Enquiries:
Waterlogic Plc Tel: +44 (0)20 7074 1800
Jeremy Ben-David, Group Chief Email: waterlogic@kreabgavinanderson.com
Executive Officer
Steve Harrison, Group Chief
Financial Officer
Liberum Capital (Nominated Tel: +44 (0)20 3100 2000
Adviser and Broker)
Steve Pearce
Richard Bootle
Kreab Gavin Anderson (PR Adviser) Tel: +44 (0)20 7074 1800
James Benjamin Email: waterlogic@kreabgavinanderson.com
Natalie Biasin
Madeleine Palmstierna
Website: www.waterlogic.com
Further information on Waterlogic Plc:
Waterlogic Plc (AIM: WTL.L) is a leading manufacturer and global
distributor of mains attached point-of-use ("POU") drinking water
purification and dispensing systems designed for environments such
as offices, factories, hospitals, hotels, schools, restaurants and
other workplaces.
Waterlogic was one of the first companies to introduce POU
systems to Europe and has been a leader in the POU market in terms
of product design and quality, the application of new technologies
and in sales and service. Waterlogic has an extensive and expanding
independent global distribution network in place, reaching 48
countries across five continents.
Waterlogic products are currently being sold in North and South
America, Europe, Asia, Australia and South Africa. Waterlogic's
leading markets are Western Europe in particular, Norway, Denmark,
Germany, France, UK and the US. Of the 1.5 million new
installations in the business-to-business market between 2005-2010,
approximately 73% incorporated POU technology of which Waterlogic
had a 26% market share.
The Directors believe that the movement away from bottled water
coolers to POU water dispensers is set to continue its current
trend as a result of cost, convenience, health benefits and
environmental considerations.
Waterlogic's Firewall ultra-violet ("UV") technology is one of
the most effective water purification technologies for POU water
dispenser applications currently on the market and is the only
technology certified as being able to guarantee 99.9999% pure water
100% of the time, a fact which has been confirmed by over 5,000
physical tests in independent laboratories. The innovative Firewall
technology incorporates a highly-specialised, compact UV system in
the faucet/tap, which ensures that water passes through the UV
system immediately before it is dispensed into a cup. This point of
differentiation for Firewall is unique in the POU market.
For the financial year ended 31 December 2010, the Group
generated revenues and adjusted EBITDA of US$68.3 million and
US$11.4 million, respectively, and had approximately 500,000
machines installed as at 31 December 2010.
Immediately prior to the Placing, the Company had 49,328,295
ordinary shares in issue, comprising 2 initial subscriber shares,
48,995,000 ordinary shares issued by the Company as part of a Group
re-organisation and a further 333,293 shares issued prior to
Admission. Accordingly, the number of Ordinary Shares in issue
immediately after Admission will be 77,604,157.
IMPORTANT NOTICE
This announcement does not constitute or form part of any offer
or invitation to sell, allot or issue, or any solicitation of or
inducement to enter into any offer to purchase or subscribe for,
any Shares or any other securities, nor shall it (or any part of
it), or the fact of its distribution, form the basis of, or be
relied on in connection with, any contract therefore.
No representation or warranty, express or implied, is made by or
on behalf of the Company or Liberum Capital Limited as to the
accuracy, completeness or verification of the information set out
in this announcement, and nothing contained in this announcement
is, or shall be relied upon as, a promise or representation in this
respect, whether as to the past or the future. Neither the Company
nor Liberum Capital Limited assumes any responsibility for its
accuracy, completeness or verification and accordingly each
disclaims, to the fullest extent permitted by applicable law, any
and all liability whether arising in tort, contract or otherwise
which it might otherwise be found to have in respect of this
announcement or any such statement.
The distribution of this announcement outside the United Kingdom
may be restricted by law and therefore any persons outside the
United Kingdom into whose possession this announcement comes should
inform themselves about and observe any such restrictions as to the
Shares and the distribution of this document. Any failure to comply
with such restrictions may constitute a violation of the securities
laws of any jurisdiction outside the United Kingdom. This
announcement does not constitute an offer to sell or the
solicitation of an offer to buy shares in any jurisdiction in which
such offer would be unlawful. In particular, this announcement does
not constitute an offer to buy shares, and it is not for
distribution, directly or indirectly, in or into the United States,
Canada, Australia, the Republic of South Africa or Japan except
that this document may be provided in certain limited circumstances
authorised and directed by the Company primarily to institutional
accredited investors as defined in Rule 501 under the US Securities
Act of 1933 (the "US Securities Act") based on an exemption from
registration provided by Section 4(2) of the US Securities Act and
Rule 506 thereunder. The Shares have not been and will not be
registered under the US Securities of Act, any state securities
laws in the United States or any securities laws of Canada,
Australia, Japan or the Republic of South Africa or in any country,
territory or possession where to offer them without doing so may
contravene local securities laws or regulations. Accordingly, the
Shares may not, subject to certain limited exceptions, be offered
or sold, directly or indirectly, in or into the United States,
Canada, Australia, the Republic of South Africa or Japan.
Liberum capital Limited is regulated in the United Kingdom by
the Financial Services Authority and is acting exclusively for the
Company and for no one else in connection with the Placing and
Admission. It will not regard any other person (whether or not a
recipient of this document) as its client and will not be
responsible to anyone other than the Company for providing the
protections afforded to its clients or for advising any other
person on the contents of this announcement. Apart from the
responsibilities and liabilities, if any, which may be imposed on
Liberum Capital Limited by FSMA or the regulatory regime
established thereunder or under the regulatory regime of any other
jurisdiction where exclusion of liability under the relevant
regulatory regime would be illegal, void or unenforceable, neither
Liberum Capital Limited nor any of its affiliates accepts any
responsibility whatsoever for the contents of this announcement or
for any statement made or purported to be made by it, or on its
behalf, in connection with the Company. Liberum Capital Limited and
each of its affiliates, accordingly disclaims all and any liability
whether arising in tort, contract or otherwise (save as referred to
above) which they might otherwise have in respect of such
announcement or any such statement. No representation or warranty
express or implied, is made by Liberum Capital Limited or any of
its affiliates as to the accuracy, completeness or sufficiency of
the information set out in this announcement.
- ends -
This information is provided by RNS
The company news service from the London Stock Exchange
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