Information  X 
Enter a valid email address

Water Intelligence (WATR)

  Print      Mail a friend

Wednesday 10 March, 2021

Water Intelligence

Sale of Treasury Shares and PDMR Dealing

RNS Number : 7146R
Water Intelligence PLC
10 March 2021

Water Intelligence plc

("Water Intelligence" or the "Company")

Sale of Treasury Shares, PDMR Dealing and Total Voting Rights

The Company announces that one of its current investors has increased its position yesterday by 65,000 ordinary shares.  The Company sold 45,000 ordinary shares of 1 penny each ("Ordinary Shares") from treasury ("Treasury Shares") at an average price of 651.67p.  In addition, the Company announces that Frances DeSouza, part of the immediate family of Dr Patrick DeSouza, exercised options over 20,000 Ordinary Shares at an exercise price of $1.14 ("Option Shares") and subsequently sold the Option Shares to the same investor at a price of 665 pence.  Dr. DeSouza's beneficial holding despite this option exercise and Ordinary Share sale remains unchanged. The following notification, made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail on the option exercise and Ordinary Share sale.

Total Voting Rights and Admission to AIM

Application has been made for the Option Shares to be admitted to trading on the AIM market of London Stock Exchange plc, ("Admission"). Admission is expected to occur on or around 8.00 a.m. on 12 March 2021.

Upon Admission, the issued share capital of the Company is 17,706,284 shares, divided into 15,506,284 ordinary shares of 1 penny each which are admitted to trading on AIM and which entitle the holder to one vote per ordinary share; 2,200,000 B Ordinary Shares of 1 penny each which are not admitted to trading on AIM, but do still entitle to holder to one vote per ordinary share, but no economic rights; and 20,538 Ordinary Shares held by the Company in Treasury. Accordingly, the Company's total voting rights are 17,706,284 shares. This total voting rights number may be used by shareholders at Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.



Water Intelligence plc

Patrick DeSouza (Executive Chairman) 

Tel: +1 203 654 5426


Dowgate Capital Limited (Financial Adviser and Joint Broker)

Stephen Norcross



 Tel: +44(0)7920 599 793

WH Ireland Limited (Nomad and Joint Broker)

 Tel: =44(0)20 7220 1666

Adrian Hadden

James Sinclair-Ford

Matthew Chan



Details of the PDMR / person closely associated



Frances DeSouza


Reason for the notification


Position / status

Immediate family of Patrick DeSouza


Initial notification / amendment

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



Water Intelligence plc





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


Description of the financial instrument, type of instrument

Identification code

Option over Ordinary Shares

Ordinary Shares




Nature of the transaction

Exercise of options and sale of ordinary shares



Price(s) and volume(s)

20,000 options exercised at $1.14

20,000 Ordinary Shares sold at 665p


Aggregated information

See above


- Aggregated volume



- Price



Date of the transaction

9 March 2021


Place of the transaction

London Stock Exchange, AIM Market


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t