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Company Information for Watermark Global Plc

Company stock charts - 6 Month chart

Exchange AIM; WET


View full financial data

Company Statement

Watermark Global plc was initially, listed on AIM in February 2006 as Microfuze International plc (MFZ). In February 2008, MFZ changed its name to Watermark Global plc to reflect its focus on developing innovative environmental solutions in water management with a key focus on Acid Mine Drainage in South Africa.

The company has procured a water treatment technology and commercialisation entity for application in a government mandated Acid Mine Drainage (AMD) clean-up program in South Africa. This technology, which will conclude its ”proof of concept” stage by the end of 2008, is purpose-specific processing of AMD and is being developed by the mining interests to meet legislated requirements. Through a subsidiary of Watermark Global plc, the water will be treated, transported and sold back into industry to reduce dependence on the expensive and limited potable water reserves. Future enhancements may well see the water improved to a drinkable standard.

The immediate market for the treated water is assured through the direct participation of the implicated mining companies in the project. As the project scales up, it is anticipated that there will be an increase in demand from numerous additional industrial buyers of the treated water due to the fact that the existing natural water resources are over-subscribed by rapidly increasing residential demands, whilst the industrial base continues to expand. Early financial models indicate that the re-cycled water can be delivered at a very attractive and sustainable price.


Current Operations

The Council for Industrial & Scientific Research Pilot Plant – Gypslim Plant
The Gypslim Plant (operational since 5 March 2008) which uses the Gypslim process (patented, designed and operated by the CSIR) to produce “Industrial” quality water at a processing rate of one cubic metre per hour.



The Savmin Pilot Plant
The SAVMIN Plant (operational since 21 April 2008) uses the SAVMIN methodology (patented by Mintek and operated by Atomaer RSA (Pty) Ltd) to treat 4 cubic metres of AMD per hour to “industrial” quality standards.

The By-Product Recovery Plant
The By-Product Recovery Plant (operational since 10 March 2008 and designed, engineered and operated by the CSIR, Key Structure Holdings and Sulphidetech) which processes and isolates by-products produced by the SAVMIN and Gypslim water treatment processes.


Geographical Spread

South Africa


Board of Directors and Key Management

Peter Ashley Marks (Chairman of Watermark Global plc)
Wilhelm Jacobus Schoeman (Managing Director and CEO of Western Utilities Corporation)
Dirk Albertus Kotze (Chief Financial Officer and Director)
Adam Gunn (Non-executive Director)

Company Address

42 Queen Anne's Gate
London, United Kingdom SW1H 9AP

Telephone:+27 12 661 3602
Facsimile:+27 86 647 1183
Email:c.zorab[at]googlemail.com
Website:http://www.watermarkglobalplc.com

Additional Address/Key Contact

PR contact
Charles Zorab
+44 207 233 1462

Capital

Feb 2009: 253,3 million shares in issue
(c 288.1 million fully diluted)

Annual General Meeting

London

Nominated Brokers

Cenkos Securities

Nominated Advisors

Cenkos Securities

Major Shareholders

Pershing Keen Nominees Ltd. 48.1%
Credit Suisse Securities 3.9%
CQS 3.9%
Queensland MM Pty 3.9%
Western Utilities Investment Corporation 3.9%
Lampam Pty Ltd 3.3%

Related News

09/01/09 - Watermark Global Aims To Turn Acid Mine Drainage Into Drinking Water: Even The Greens Can’t Argue With That Idea
07/05/08 - Watermark Global Intends to Clean Up South Africa’s Acid Mine Drainage At A Profit

Most Recent Statement

20/05/09 - Issue of Equity
17/03/09 - Issue of Equity
19/02/09 - Conclusion of Funding Arrangement with the Development Bank of South Africa
13/01/09 - Conclusion of a Service Agreement with the Water Treatment Technology and Chemical Company (Nig) Ltd of Nigeria
13/10/08 - Pilot Plant Production Results
30/06/08 - Results of Annual General Meeting

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