Water Intelligence PLC Transaction in Own Shares (2437O)
01 Octubre 2019 - 1:00AM
UK Regulatory
TIDMWATR
RNS Number : 2437O
Water Intelligence PLC
01 October 2019
Water Intelligence plc
("Water Intelligence" or the "Company")
Transaction in Own Shares
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 30 September 2019, pursuant to the authority
approved by shareholders at the Company's Annual General Meeting
dated 28 June 2019, the Company purchased 5,000 ordinary shares of
1 penny each ("Ordinary Shares") at a price of 277 pence each (the
"Transaction").
As noted in the 1H Interim financials, the Company's organic
cash flow has grown and it remains confident about sufficient
capital available on its balance sheet to execute its growth plan.
As a result, the Company plans to continue to buy back shares as
opportunities arise. The board will explore a more defined program
prior to year-end.
The Ordinary Shares which have been purchased will be held in
treasury. Following the Transaction, the Company holds 30,000
Ordinary Shares in treasury. Therefore the total number of voting
rights in the Company is 16,957,371 shares (divided into 14,762,371
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 the holder to one vote per
ordinary share, but 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) Tel: +1 203 654
Adrian Hargrave (VP, Corporate Development) 5426
Tel: +44 (0)7775
701 838
WH Ireland Limited
Adrian Hadden Tel: 020 7220 1666
James Sinclair-Ford
Matthew Chan
Dowgate Capital Limited
Stephen Norcross Tel: 020 3903 7715
IFC Advisory Limited Tel: 020 3934 6630
Graham Herring
Zach Cohen
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 rns@lseg.com or visit www.rns.com.
END
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