Cadiz Reports New Form 13D Filing by Heerema

(LOS ANGELES, December 6, 2021, PRNewswire) — Cadiz Inc. (Nasdaq: CDZI/CDZIP) (“Cadiz” or the “Company”) reported a new Schedule 13D was filed today with the Securities and Exchange Commission by Heerema International Group Services S.A., a leading international offshore energy and sustainable solutions company (“Heerema IGS”) disclosing its current holdings of approximately 35% of the Company’s common stock. Heerema IGS indicated in its filing that it intends to remain a passive investor in the Company.

Previously, Heerema IGS held its shares through a discretionary mandate with Hoving & Partners an independent wealth manager that maintained discretionary and advisory mandates for multiple clients, and which has been a 13G filer of the Company.  Heerema IGS’ reported ownership is a portion of the Company’s common stock that has been beneficially owned by Hoving & Partners.

“This new filing by Heerema provides welcome guidance regarding Heerema’s ownership of Cadiz and we are happy to have them as a significant investor,” said Scott Slater, the Company’s CEO & President. “We appreciate Heerema’s continued support of the Company and remain committed to our mission to deliver opportunities to increase water access in California.”

A representative of Heerema IGS stated: “The world is aware of the devastating water supply shortages now overwhelming California. We believe in Cadiz’ mission to execute on its strategy to bring new water supply, storage and conveyance assets forward to meet the needs of those Californians most severely impacted, now and in the future.  California requires innovative solutions and that is why we support management’s prioritization of sustainable water conservation, storage and repurposing of existing pipeline assets as the cornerstone of their plans.”

To view the Schedule 13D filed today by Heerema IGS, visit the Securities and Exchange Commission website at .

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