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Water Intelligence (WATR)

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Monday 07 October, 2019

Water Intelligence

Transaction in Own Shares & Issue of Equity

RNS Number : 9060O
Water Intelligence PLC
07 October 2019
 

Water Intelligence plc

 ("Water Intelligence" or the "Company")

 Transaction in Own Shares

Issue of Equity

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 that on 4 October 2019, pursuant to authorities approved by shareholders at the Company's Annual General Meeting dated 28 June 2019, the Company purchased 77,500 ordinary shares of 1 penny each ("Ordinary Shares") at an average price of 279 pence (the "Transaction"). The Company also announces the exercise of options held by employees of the Company (the "Option Exercise") in respect of a total of 60,000 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares"). The exercise price of the options is 100 pence each.

Transaction in Own Shares

The Company acquired on 4 October 2019, the following number of Ordinary Shares at the following share price:

Number of Shares

Price

37,500

270 pence

15,000

280 pence

25,000

292 pence

Total: 77,500

Average price 279.03 pence

 

Application to Admission and Total Voting Rights

Application will be made to the London Stock Exchange for a total of 60,000 New Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on 11 October 2019. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

The Ordinary Shares which have been purchased will be held in treasury. Following the Transaction, the Company holds 117,500 Ordinary Shares in treasury. Therefore the total number of voting rights in the Company following the Transaction and Option Exercise  is 16,929,871 shares (divided into 14,729,871 Ordinary Shares not held in treasury, which are admitted to trading on AIM and 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 the holder to one vote per ordinary share, but carry no economic rights) which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Water Intelligence plc


Patrick DeSouza (Executive Chairman)

Adrian Hargrave (VP, Corporate Development)

 

Tel: +1 203 654 5426

Tel: +44 (0)7775 701 838

WH Ireland Limited


Adrian Hadden

James Sinclair-Ford

Matthew Chan

Tel: 020 7220 1666

 

 

Dowgate Capital Limited

Stephen Norcross

 

 

 

Tel: 020 3903 7715

IFC Advisory Limited

Graham Herring

Zach Cohen

Tel: 020 3934 6630

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

 


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 www.rns.com.
 
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