WATR Water Intelligence Plc

TIDMWATR

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.

Enquiries:

 
Water Intelligence plc 
Patrick DeSouza (Executive Chairman)          Tel: +1 203 654 
                                               5426 
 
  Dowgate Capital Limited (Financial Adviser    Tel: +44(0)7920 
  and Joint Broker)                             599 793 
  Stephen Norcross 
WH Ireland Limited (Nomad and Joint Broker)    Tel: =44(0)20 7220 
                                                1666 
Adrian Hadden 
 James Sinclair-Ford 
 Matthew Chan 
 
 
 1.   Details of the PDMR / person closely associated 
 a)   Name                       Frances DeSouza 
     -------------------------  ---------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------- 
 a)   Position                   Immediate family of Patrick 
       / status                   DeSouza 
     -------------------------  ---------------------------- 
 b)   Initial notification       Initial notification 
       / amendment 
     -------------------------  ---------------------------- 
 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                Option over Ordinary Shares 
       of the financial           Ordinary Shares 
       instrument,                GB00BZ973D04 
       type of instrument 
       Identification 
       code 
     -------------------------  ---------------------------- 
 b)   Nature of                  Exercise of options and 
       the transaction            sale of ordinary shares 
     -------------------------  ---------------------------- 
 c)   Price(s)                   20,000 options exercised 
       and volume(s)              at $1.14 
                                  20,000 Ordinary Shares 
                                  sold at 665p 
     -------------------------  ---------------------------- 
 d)   Aggregated                 See above 
       information 
 
        *    Aggregated volume 
 
        *    Price 
     -------------------------  ---------------------------- 
 e)   Date of the                9 March 2021 
       transaction 
     -------------------------  ---------------------------- 
 f)   Place of                   London Stock Exchange, 
       the transaction            AIM Market 
     -------------------------  ---------------------------- 
 

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