Issue of Options

Water Intelligence PLC

07 July 2023

 

07/07/2023

Water Intelligence plc 

Issue of Options

Water Intelligence plc (AIM:WATR.L) a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water announces it has granted options for employees and directors as part of its incentives for performance and retention. The Group has granted 440,000 options, exercisable at 500 pence each, representing a 22.0 per cent. premium to the closing mid-market price of the Company's Ordinary Shares on 6 July 2023 of 410 pence. These options carry a vesting period of 4 years.

Employees were granted 350,000 options. The Board were granted 90,000 options.

Full details of these director option grants are outlined below.

	Options Issued	Total Options held	Total Voting Rights (% of Company)
Directors
Patrick DeSouza	15,000	170,000	4,867,110 (27.8%)
Michael Reisman	15,000	155,000	184,126 (1.0%)
Laura Hills	15,000	145,000	122,723 (0.7%)
Bobby Knell	15,000	70,000	27,000 (0.1%)
Dan Ewell	30,000	245,000	33,670 (0.2%)

Water Intelligence plc Patrick DeSouza, Executive Chairman                                     Tel: [phone] Maria McDonald, Director, Communications                       Tel: [phone] WH Ireland Limited - NOMAD & Joint Broker                    Tel: [phone]                         Hugh Morgan James Bavister RBC Capital Markets - Joint Broker                                         Tel: [phone] Rupert Walford Elizabeth Evans Daniel Saveski Dowgate Capital Ltd - Joint Broker                                      Tel:  [phone] Stephen Norcross

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the PDMR / person closely associated
a)	Name	Patrick DeSouza
2.	Reason for the notification
a)	Position / status	Executive Chairman
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Water Intelligence plc
b)	LEI	213800AL3BNXJ1HQLP10
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Option over Ordinary Shares Ordinary Shares GB00BZ973D04
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	15,000 options at an exercise price of 500 pence
d)	Aggregated information	See above
	-      Aggregated volume
	-      Price
e)	Date of the transaction	6 July 2023
f)	Place of the transaction	London Stock Exchange, AIM Market

1.	Details of the PDMR / person closely associated
a)	Name	Michael Reisman
2.	Reason for the notification
a)	Position / status	Independent Non-executive Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Water Intelligence plc
b)	LEI	213800AL3BNXJ1HQLP10
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Option over Ordinary Shares Ordinary Shares GB00BZ973D04
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	15,000 options at an exercise price of 500 pence
d)	Aggregated information	See above
	-      Aggregated volume
	-      Price
e)	Date of the transaction	6 July 2023
f)	Place of the transaction	London Stock Exchange, AIM Market

1.	Details of the PDMR / person closely associated
a)	Name	Laura Hills
2.	Reason for the notification
a)	Position / status	Non-Executive Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Water Intelligence plc
b)	LEI	213800AL3BNXJ1HQLP10
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Option over Ordinary Shares Ordinary Shares GB00BZ973D04
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	15,000 options at an exercise price of 500 pence
d)	Aggregated information	See above
	-      Aggregated volume
	-      Price
e)	Date of the transaction	6 July 2023
f)	Place of the transaction	London Stock Exchange, AIM Market

1.	Details of the PDMR / person closely associated
a)	Name	Bobby Knell
2.	Reason for the notification
a)	Position / status	Non-Executive Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Water Intelligence plc
b)	LEI	213800AL3BNXJ1HQLP10
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Option over Ordinary Shares Ordinary Shares GB00BZ973D04
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	15,000 options at an exercise price of 500 pence
d)	Aggregated information	See above
	-      Aggregated volume
	-      Price
e)	Date of the transaction	6 July 2023
f)	Place of the transaction	London Stock Exchange, AIM Market

1.	Details of the PDMR / person closely associated
a)	Name	Dan Ewell
2.	Reason for the notification
a)	Position / status	Non-Executive Director
b)	Initial notification / amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Water Intelligence plc
b)	LEI	213800AL3BNXJ1HQLP10
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Option over Ordinary Shares Ordinary Shares GB00BZ973D04
b)	Nature of the transaction	Grant of Options
c)	Price(s) and volume(s)	30,000 options at an exercise price of 500 pence
d)	Aggregated information	See above
	-      Aggregated volume
	-      Price
e)	Date of the transaction	6 July 2023
f)	Place of the transaction	London Stock Exchange, AIM Market

 

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