TIDMWTL
RNS Number : 1354H
Waterlogic PLC
17 June 2013
Date: 17 June 2013
On behalf of: Waterlogic Plc ("Waterlogic", the "Company"
or the "Group")
Embargoed until 0700hrs
Waterlogic Plc
Appointment of Group Chief Financial Officer
Waterlogic Plc (AIM: WTL.L), a leading designer, manufacturer,
global distributor and operator of point-of-use ("POU") drinking
water purification and dispensing systems is pleased to announce
the appointment of John Skidmore as Group Chief Financial
Officer.
John Skidmore, age 46, initially qualified with Deloitte before
spending sixteen years with PHS group rising from group financial
controller to divisional Finance Director and subsequently CFO.
During this time, John played a key part in the development of PHS
where, during the period of his employment, significant growth was
achieved both organically and through the completion and successful
integration of over 200 acquisitions. Over the period from 2002 to
2005 PHS was a FTSE250 company, with John as its CFO.
John will join the Board of Waterlogic Plc from 17(th) June
2013.
Commenting, Jeremy Ben-David, Group Chief Executive Officer,
said:
"We are very pleased to be able to welcome John to the Group. He
has extensive experience and an impressive track record in the
sector and his breadth of industry knowledge, PLC experience and
strategic insight will be of immense value to us."
John has no current directorships and has held the following
directorships in the past five years:
3B Waster Solutions Limited Kingsbridge Hygiene Limited
Accelerated Debt Recovery Limited Kingsland Healthcare Limited
Air-O-Matic Systems (UK) Limited Matta Products (UK) Limited
Albany Facilities Limited Maxitech Limited
All Clear (UK) Limited Maxitech Biz Limited
Alphasan Limited MC415 Limited
Aqua Free Limited MC494 Limited
Aqualicious Limited Oak Hygiene Services Limited
Associated Laundry Systems (Oxford) On Time Secure Destruction & Recycling
Ltd Limited
Besafe Protective Clothing Limited Orwak Environmental Services Limited
BLR Finance & Leasing Limited Personnel Hygiene Services Limited
BLR Trust Limited Personnel Hygiene Services (N.I.)
Limited
Blue Spring Limited PHS All Clear Limited
Capital Hygiene Services Limited PHS Compliance Limited
Celtic Hygiene Services Limited PHS Greenleaf Limited
CG Waste Services Limited PHS Group Holdings Limited
Churchill Filestore Limited PHS Group Plc
Clayeden Limited PHS Holdings Limited
Clean Step Limited PHS Investments Limited
Cleanwalk Ltd PHS Records Management Ltd
Clearfast Waste Disposal Limited PHS Services Limited
Clearwater Technology Leisure PHS Treadsmart Limited
Limited
CLM Safety Limited PHS Washrooms Limited
Confi-Shred Limited PHS Wastetech Limited
Confidential Data Shredding Limited PHS Waterlogic Limited
Confidential Destruction Services PHS Western Limited
Ltd
Connect Water Systems (Scotland) Power+ Limited
Ltd
Connect Water Systems (UK) Limited Premier Watercoolers Limited
Connect Water Systems Central Primecare Hygiene Services Limited
Limited
Connect Water Systems North East Pure Point Coolers Limited
Limited
Corporate and Commercial Carpet Quality Waste Services Limited
Care Limited
Daisy Hygiene Supplies Limited Quickcrates Limited
Data Safe (Records Storage and Recycling & Resource Management
Management) Limited Limited
Data Shred Recycling Limited Recyclite Limited
De-Pack Limited Recyclite (Aylesbury) Limited
Direct365Online Reformation Disposal Services
Limited
Direct Hygiene Limited Reformation Holdings Limited
Direct Watercoolers (UK) Ltd Rentacrate Limited
Direct Water South West Limited Rentacrate (UK) Limited
Document Storage Solutions Limited Riverside Hygiene Services Ltd
Elite Environmental Limited S & K Confidential Destruction
Limited
Environmental Waste Solutions Safe Records Management
UK (Holdings)
Environmental Waste Solutions Scott-Law Archival and File Management
UK Limited Limited
Epsilon Test Services Limited Securishred Limited
File Store Limited Security Shredding Solutions Limited
Filterpure Limited Shift It Waster Management Limited
Floor-Pro Limited Shredaway Limited
Floor Protection Services Limited Shred Easy Limited
FYR Fyter (UK) Limited Shredsecure Limited
G F I Commercial Waster Services Southern Hygiene Services (UK)
Limited Limited
Godiva Imaging Limited Specialised Waster Services Limited
Greencare Environmental Limited Teacrate Limited
Greenscene Limited Teacrate Rentals Limited
Greenway Holdings (Wales) Limited Tenberry Limited
Greenway Recycling Limited The Green Litter Machine Limited
Griffin Environmental Services The Shred-Safe Limited
Limited
H & A Waster Services Limited Thirstpoint Limited
H.C.E (Northern) Ltd Trade Hygiene Limited
H20 (Water Coolers) Limited Urban Planters Limited
Hepscott Water Systems Limited Warner Howard (Holdings) Limited
HY-VIZ Garment Services Limited Warner Howard (UK) Limited
Hygieco Limited Warner Howard Group Limited
Indigo Washroom Solutions Ltd Warner Howard Limited
Invicta Waste Management Limited Warner Howard Services Limited
JPEN Medical Limited Wastecare (GB) Limited
Kes Group Limited Watering Well Watercoolers Limited
Key Hygiene Limited
There are no further disclosures required pursuant to Schedule
2, paragraph (g) of the AIM Rules for Companies in respect of
John's appointment.
Enquiries:
Waterlogic Plc Via Redleaf Polhill
Jeremy Ben-David, Group Chief Executive
Officer
Peter Cohen, CEO Waterlogic Commercial
Liberum Capital (Nominated Adviser Tel: 020 3100 2000
and Broker)
Steve Pearce
Richard Bootle
Redleaf Polhill
Rebecca Sanders Hewett / Emma Kane Tel: 0207 382 4730
/ David Ison waterlogic@redleafpr.com
Notes to editors:
Waterlogic Plc
Waterlogic Plc (AIM: WTL.L) is a leading designer, manufacturer,
distributor and operator 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 is a Jersey
registered company. Waterlogic's products and services are built on
the simple vision of a three stage approach to purity:
1. Filtration to remove unwanted contaminants, chlorine and
other water-borne tastes and odours.
2. Waterlogic's Firewall(TM) ultra-violet (UV) technology is one
of the most effective water purification technologies for POU water
dispenser applications currently on the market and its dispensers
are certified by the Water Quality Association 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(TM) 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(TM) is unique in the POU market.
3. BioCote silver antimicrobial protection. Plastic surfaces
surrounding dispensing areas of Waterlogic units are infused with a
silver additive called BioCote, a natural anti-microbial that
inhibits the growth of microorganisms, giving yet another layer of
hygienic defence.
Founded in 1992, 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 over 50 countries around the world.
Waterlogic products are currently being sold in North and South
America, Europe, Asia, Australia and South Africa. Waterlogic's
leading markets are the USA and Western Europe, in particular
Germany, France, Scandinavia and the UK. Of the 1.9 million new POU
and bottled water installations in the business-to-business market
in the USA and Europe between 2005 and 2011, approximately 73%
incorporated POU technology.
The Directors believe that the movement away from bottled water
coolers (BWC) to POU water dispensers is set to continue its
current trend as a result of cost, convenience, health benefits and
environmental considerations.
For the financial year ended 31 December 2012, the Group
generated revenues and adjusted EBITDA (adjusted for share based
incentives expense, capital reorganisation related costs and
acquisition related costs) of USD 101.0 million and USD 14.7
million, respectively, and had approximately 640,000 machines
installed as at 31 December 2012.
As part of Waterlogic's on-going commitment to providing safe
water, the Group has pledged to donate USD 225,000 over the three
years from 2012 to 2014 to WaterAid. WaterAid is a renowned
international non-profit organisation that transforms lives by
improving access to safe water, hygiene and sanitation in the
world's poorest countries. Since 1981 WaterAid has reached 15.9
million people globally with safe water. Website:
www.wateraidamerica.com
Website: www.waterlogic.com
This information is provided by RNS
The company news service from the London Stock Exchange
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