Water Intelligence PLC Transaction in Own Shares & Exercise of Options (3695Z)
10 Enero 2020 - 1:00AM
UK Regulatory
TIDMWATR
RNS Number : 3695Z
Water Intelligence PLC
10 January 2020
Water Intelligence plc
("Water Intelligence" or the "Company")
Transaction in Own Shares
Exercise 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, today
announces that it has received notice from a Company consultant, to
exercise options over 25,000 shares ("Option Shares") at 100 cents
per Option Share. Consequently, the Company has issued and allotted
25,000 new ordinary shares ("New Ordinary Shares").
The Company has agreed to acquire the New Ordinary Shares each
for 247 pence (the "Transaction") pursuant to authorities approved
by shareholders at the Company's Annual General Meeting dated 28
June 2019.
Application has been made for the 25,000 New Ordinary Shares to
be admitted to trading on AIM and dealings are expected to commence
at 8.00 a.m. on 14 January 2020 ("Admission"). The New Ordinary
Shares will rank pari passu with the Company's existing ordinary
shares.
The New Ordinary Shares which have been purchased will be held
in treasury. Following the Transaction, the Company will hold
170,000 Ordinary Shares in treasury. Therefore the total number of
voting rights in the Company following the Transaction and
Admission remains 16,902,371 shares (divided into 14,702,371
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) 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
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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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January 10, 2020 02:00 ET (07:00 GMT)
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