-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WauGd7gy6zfbsUCDDenIbbYMQZKrSLSApxAV3XylMzPEooUjJGz7VEb6j2JBncc0
 nrlQc1hP1S8slRpeHZDlzA==

<SEC-DOCUMENT>0000950144-03-009073.txt : 20030730
<SEC-HEADER>0000950144-03-009073.hdr.sgml : 20030730
<ACCEPTANCE-DATETIME>20030730155922
ACCESSION NUMBER:		0000950144-03-009073
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030730
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20030730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSOLIDATED WATER CO LTD
		CENTRAL INDEX KEY:			0000928340
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25248
		FILM NUMBER:		03811571

	BUSINESS ADDRESS:	
		STREET 1:		TRAFALGAR PL
		STREET 2:		WEST BAY RD
		CITY:			GRAND CAYMAN BWI CAY
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		8099474277

	MAIL ADDRESS:	
		STREET 1:		TRAFALGAR PLACE, WEST BAY ROAD, P.O. BOX
		STREET 2:		GRAND CAYMAN, CAYMAN ISLANDS, BWI

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAYMAN WATER CO LTD
		DATE OF NAME CHANGE:	19941212
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>g84106e8vk.htm
<DESCRIPTION>CONSOLIDATED WATER CO LTD 7/30/2003
<TEXT>
<HTML>
<HEAD>
<TITLE>Consolidated Water Co LTD 7/30/2003</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">




<P align="center"><FONT size="3">SECURITIES AND EXCHANGE COMMISSION</FONT>

<P align="center"><FONT size="3">Washington, D.C. 20549</FONT>

<P>
<HR width="26%" align="center" size="1" noshade>
<P>


<P align="center"><FONT size="4">FORM 8-K</FONT>

<DIV align="center"><FONT size="2">CURRENT REPORT</FONT></div>

<P align="center"><FONT size="2">PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</FONT>

<P align="center"><FONT size="2">July&nbsp;30, 2003<BR>
(Date of earliest event reported)</FONT>

<P align="center"><FONT size="5">CONSOLIDATED WATER CO. LTD.</FONT>

<DIV align="center"><FONT size="2">(Exact name of Registrant as
specified in its charter)</FONT></div>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="28%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="34%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">Cayman Islands, B.W.I.<BR>
(State of incorporation or<BR>
organization)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
0-25248<BR>
(Commission File No.)
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">Not Applicable<BR>
(IRS Employer Identification No.)</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">Trafalgar Place, West Bay Road<BR>
P.O. Box 1114 GT<BR>
Grand Cayman, Cayman Islands, B.W.I.<BR>
(Address of principal executive offices)</FONT>

<P align="center"><FONT size="2">(345)&nbsp;945-4277<BR>
(Registrant&#146;s telephone number, including area code)</FONT>

<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">






<P align="center"><FONT size="2">&nbsp;</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>







<P align="left"><FONT size="2"><B>Item&nbsp;5. Other Events and Regulation&nbsp;FD Disclosure.</B></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On July&nbsp;30, 2003, Consolidated Water Co. Ltd. (the &#147;Company&#148;) completed
the purchase of an additional 13.5% of the stock of Waterfields Company Limited
(&#147;Waterfields&#148;) owned by Bacardi &#038; Co. Ltd. (&#147;Bacardi&#148;) for approximately
U.S.$1.4&nbsp;million, thereby bringing the Company&#146;s total equity ownership in
Waterfields to approximately 26.2%. As part of the transaction, Bacardi also
assigned to the Company a management agreement between Waterfields and Bacardi.
Waterfields owns and operates a reverse osmosis seawater desalination plant
and sells desalinated water on a take or pay basis to the Water &#038; Sewerage
Corporation of the Bahamas, which in turn distributes the water to customers
via its own pipeline.
</FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the transaction with Bacardi, the Company has also received
acceptance notices, representing an additional approximately 64.7% of
Waterfields&#146; outstanding stock, through a tender offer conducted outside the
United States. The Company intends to complete these purchases for
approximately U.S.$6.7&nbsp;million by August&nbsp;31, 2003.
</FONT>
<P align="left"><FONT size="2"><B>Item&nbsp;7. Financial Statements and Exhibits.</B></FONT>

<P align="left"><FONT size="2"><B>(c)&nbsp;Exhibits.</B></FONT>

<P align="left"><FONT size="2">EXHIBIT INDEX</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%">
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2"><B>Exhibit</b></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>Exhibit Description</B></FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR noshade size="1" width="30%" align="left"></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">99.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Press Release announcing the Company&#146;s acquisition of an additional 13.5%
equity interest in Waterfields.</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">2</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="2">SIGNATURE</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
</FONT>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="55%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
CONSOLIDATED WATER CO. LTD.</FONT></TD>
</TR>
<tr><td>&nbsp;</td></tr>
<tr><td>&nbsp;</td></tr>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
By: /s/ Jeffrey M. Parker</FONT></TD>
</TR>
<TR>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR size="1" noshade></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Name: Jeffrey M. Parker<br>
Title: Chief Executive Officer</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="left"><FONT size="2">Date: July&nbsp;30, 2003</FONT>

<P align="center"><FONT size="2">3</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>



<P align="left"><FONT size="2">EXHIBIT INDEX</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%">
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">Exhibit</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Description</FONT></TD>
</TR>
<TR>
    <TD valign="top"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<HR noshade size="1" width="20%" align="left"></FONT></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">99.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Press Release announcing the Company&#146;s acquisition of an additional 13.5%
equity interest in Waterfields.</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2">4</FONT>




</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>g84106exv99w1.txt
<DESCRIPTION>EX-99.1 PRESS RELEASE
<TEXT>
<PAGE>
                                                                    Exhibit 99.1

For Immediate Release

            Consolidated Water Co. Ltd. Acquires Additional 13.5% of
                     Waterfields Co. Ltd from Bacardi & Co.

        Purchase Increases Ownership in Nassau, Bahamas Water Production
        Facilities to 26.2%; Tender Offer for Additional Shares Underway

GEORGE TOWN, Cayman Islands, B.W.I., July 30, 2003 -- Consolidated Water Co.
Ltd. (Nasdaq: CWCO) ("Consolidated" or the "Company") today announced that it
has completed the purchase of a 13.5% interest in Waterfields Co. Ltd.
("Waterfields") from Bacardi & Co. ("Bacardi") for US$1.4 million. This brings
the Company's total ownership in Waterfields to approximately 26.2%. The Company
has received acceptance notices, representing an additional approximately 64.7%
of Waterfields' outstanding shares, through a tender offer conducted outside the
United States and is proceeding to close these purchases for approximately
US$6.7 million.

Consolidated acquired 12.7% of Waterfields when it purchased DesalCo Limited in
February 2003, along with an Engineering Services Agreement and the right to
appoint one member to the Waterfields Board of Directors. The Company has now
acquired an additional 13.5% equity interest in Waterfields from Bacardi, along
with a Management Services Agreement and the right to appoint the remaining four
members to the Waterfields Board of Directors.

Waterfields operates a reverse osmosis seawater conversion plant in Nassau,
Bahamas that has a production capacity of 2.6 million U.S. gallons of water per
day (Usgpd). All of the water produced in the plant is sold to the Water &
Sewerage Corporation of the Bahamas Government, which distributes the water to
residential and business customers on the island of New Providence.

"We are pleased to complete this transaction and move closer towards near full
ownership of the Nassau facilities," stated Jeffrey Parker, Chairman and Chief
Executive Officer of Consolidated Water Co. Ltd. "We are now in a position to
operate the plant, manage the company and appoint all members to the Board of
Directors, and we are hopeful that the tender offer can be completed before the
end of the current quarter. This will represent the final step in a series of
previously announced transactions that will more than triple our water
production capacity and almost double annualized revenues from last year's
levels. We also expect the combined acquisitions to be immediately accretive to
earnings per share."

Upon completion of the Waterfields tender offer, Consolidated will have
acquired, in a series of transactions during 2003, five companies in the
Bahamas,


<PAGE>

Barbados, the British Virgin Islands and the Cayman Islands with a combined
production capacity approximating 8.0 million Usgpd. This will increase the
Company's total production capacity by approximately 276% to approximately 10.9
million Usgpd.

Consolidated is engaged in the development and operation of seawater conversion
plants and water distribution systems in areas of the world where naturally
occurring supplies of potable water are scarce or nonexistent. The Company
currently operates water production and/or distribution facilities in the Cayman
Islands, the British Virgin Islands, Barbados, Belize and the Commonwealth of
the Bahamas.

The common stock of Consolidated is traded on the Nasdaq National Market under
the symbol "CWCO". Additional information on the Company is available on its
website at http://www.consolidated-water.com.

This press release includes statements that may constitute "forward-looking"
statements, usually containing the words "believe," "estimate," "project,"
"intend," "expect" or similar expressions. These statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements inherently involve risks and uncertainties that
could cause actual results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such differences include,
but are not limited to, continued acceptance of the Company's products and
services in the marketplace, changes in its relationships with the governments
of the jurisdictions in which it operates, the Company's ability to successfully
secure contracts for water projects in other countries, the Company's ability to
develop and operate such projects profitably, the Company's ability to manage
growth, general economic conditions, and other risks detailed in the Company's
periodic report filings with the Securities and Exchange Commission. By making
these forward-looking statements, the Company undertakes no obligation to update
these statements for revisions or changes after the date of this release.

                    For further information, please contact:

             Frederick W. McTaggart, President at (345) 945-4277 or
                          via e-mail at cwco@candw.ky

                                       or

           RJ Falkner & Company, Inc., Investor Relations Counsel at
               (800) 377-9893 or via e-mail at info@rjfalkner.com1



                                      -2-


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
