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Water Intelligence (WATR)

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Tuesday 01 December, 2020

Water Intelligence

PDMR Dealing

RNS Number : 1883H
Water Intelligence PLC
01 December 2020
 

Water Intelligence plc (the "Company")

PDMR Dealing

The Company announces that it received notification on 1 December 2020 that Dr Patrick DeSouza, Executive Chairman of the Company, has, for personal estate and tax planning purposes, transferred 2,340,000 ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") for nil consideration to two related trusts, of which his immediate family are the sole beneficiaries. Dr DeSouza is the trustee of one of the trusts and his wife is the trustee of the other.

Following these transfers, Dr DeSouza will hold 447,110 Ordinary Shares in his own name, but his beneficial interest in the Company remains unchanged. The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail on the transfers.

 

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

Ordinary Shares

 

b)

Nature of the transaction

Sale of Ordinary Shares

 

c)

Price(s) and volume(s)

1,510,000 Ordinary Shares sold at 0p each

830,000 Ordinary Shares sold at 0p each

 

d)

Aggregated information

2,340,000 Ordinary Shares sold at 0p each

 

- Aggregated volume

 

 

- Price

 

e)

Date of the transaction

30 November 2020

f)

Place of the transaction

Transfer of shares occurred outside a trading venue

 

1.

Details of the PDMR / person closely associated

a)

Name

The Patrick J. DeSouza 2020 Irrevocable Trust U/A Dtd 11/23/2020

2.

Reason for the notification

a)

Position / status

Person Closely Associated with Patrick DeSouza, Executive Chairman of Water Intelligence plc

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

Ordinary Shares

 

b)

Nature of the transaction

Purchase of Ordinary Shares

 

c)

Price(s) and volume(s)

1,530,000 Ordinary Shares sold at 0p each

 

d)

Aggregated information

n/a (single transaction)

 

- Aggregated volume

 

 

- Price

 

e)

Date of the transaction

30 November 2020

f)

Place of the transaction

Transfer of shares occurred outside a trading venue

 

1.

Details of the PDMR / person closely associated

a)

Name

The Patrick J. DeSouza GRAT #1 U/T/A Dtd 11/23/2020

2.

Reason for the notification

a)

Position / status

Person Closely Associated with Patrick DeSouza, Executive Chairman of Water Intelligence plc

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

Ordinary Shares

 

b)

Nature of the transaction

Purchase of Ordinary Shares

 

c)

Price(s) and volume(s)

810,000 Ordinary Shares sold at 0p each

 

d)

Aggregated information

n/a (single transaction)

 

- Aggregated volume

 

 

- Price

 

e)

Date of the transaction

30 November 2020

f)

Place of the transaction

Transfer of shares occurred outside a trading venue

 

Enquiries :

Water Intelligence plc


Patrick DeSouza, Executive Chairman

Tel: +1 203 654 5426

Adrian Hargrave, VP Corporate Development

 

+ 44 (0) 7775 701 838

WH Ireland Limited - NOMAD & Broker

Tel: +44 (0) 207 220 1666

Adrian Hadden


James Sinclair-Ford


 

Matthew Chan

Dowgate Capital Ltd - Broker & Advisor 
Stephen Norcross 

Tel:  +44 (0)7920 599 793

 

 

 

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