WTL Waterlogic

TIDMWTL

RNS Number : 3948J

Waterlogic PLC

11 June 2014

 
 Date:           11(th) June 2014 
 On behalf of:   Waterlogic Plc ("Waterlogic", the "Company" 
                  or the "Group") 
 Embargoed until: For immediate release 
 

Waterlogic Plc

Results of the Annual General Meeting

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 report that all the proposed resolutions(1) were duly passed at the Annual General Meeting held earlier today.

(1) Note: Special Resolution 10 (c) was corrected at the AGM to read (other than) in the first line of Resolution 10 (c) instead of (either than) and the resolution was carried by the requisite majority.

Enquiries:

 
 Waterlogic Plc                             Via Redleaf Polhill 
  Jeremy Ben-David, Group Chief Executive 
  Officer 
  Robert Bell, Chief Financial Officer 
 Liberum (Nominated Adviser and Broker)     Tel: 020 3100 2000 
  Steve Pearce 
  Richard Bootle 
  Redleaf Polhill 
  Rebecca Sanders Hewett / Charlie Geller 
  / David Ison 
                                             Tel: 0207 382 4730 
                                             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, Australia and Western Europe, in particular Germany, France, Scandinavia and the UK. Of the 2.1 million new POU and bottled water installations in the commercial market in the USA and Europe between 2005 and 2012, approximately 77% incorporated POU technology, of which approximately 29% were Waterlogic products.

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 2013, the Group generated revenues and adjusted EBITDA (adjusted for share based incentives, capital reorganisation related costs, corporate reorganisation costs, acquisition and integration related costs and amortisation of acquired intangibles) of USD 124.0 million and USD 19.5 million, respectively, and had approximately 750,000 machines installed both directly and with distributor partners as at 31 December 2013.

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

END

RAGUAUORSVANAAR

Waterlogic (LSE:WTL)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Waterlogic (LSE:WTL)
Historical Stock Chart
Von Jul 2023 bis Jul 2024