TIDMWATR

RNS Number : 2702F

Water Intelligence PLC

07 July 2023

07/07/2023

Water Intelligence plc

Issue 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 announces it has granted options for employees and directors as part of its incentives for performance and retention. The Group has granted 440,000 options, exercisable at 500 pence each, representing a 22.0 per cent. premium to the closing mid-market price of the Company's Ordinary Shares on 6 July 2023 of 410 pence. These options carry a vesting period of 4 years.

Employees were granted 350,000 options. The Board were granted 90,000 options.

Full details of these director option grants are outlined below.

 
                    Options Issued   Total Options   Total Voting 
                                      held            Rights (% of Company) 
 Directors 
                   ---------------  --------------  ----------------------- 
 Patrick DeSouza    15,000           170,000         4,867,110 (27.8%) 
                   ---------------  --------------  ----------------------- 
 Michael Reisman    15,000           155,000         184,126 (1.0%) 
                   ---------------  --------------  ----------------------- 
 Laura Hills        15,000           145,000         122,723 (0.7%) 
                   ---------------  --------------  ----------------------- 
 Bobby Knell        15,000           70,000          27,000 (0.1%) 
                   ---------------  --------------  ----------------------- 
 Dan Ewell          30,000           245,000         33,670 (0.2%) 
                   ---------------  --------------  ----------------------- 
 
 
 Water Intelligence plc 
  Patrick DeSouza, Executive Chairman Tel: +1 203 654 5426 
  Maria McDonald, Director, Communications Tel: +1 415 272 2459 
 
  WH Ireland Limited - NOMAD & Joint Broker Tel: +44 (0)207 220 1666 
  Hugh Morgan 
  James Bavister 
  RBC Capital Markets - Joint Broker Tel: +44 (0)207 653 4000 
  Rupert Walford 
  Elizabeth Evans 
  Daniel Saveski 
 
  Dowgate Capital Ltd - Joint Broker Tel: +44 (0)20 3903 7721 
  Stephen Norcross 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1.   Details of the PDMR / person closely associated 
 a)   Name                                                          Patrick DeSouza 
     ------------------------------------------------------------  ------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                             Executive Chairman 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Initial notification / amendment                              Initial notification 
     ------------------------------------------------------------  ------------------------------------------------- 
 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 of the financial instrument, type of instrument   Option over Ordinary Shares 
       Identification code                                           Ordinary Shares 
                                                                     GB00BZ973D04 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Nature of the transaction                                     Grant of Options 
     ------------------------------------------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)                                        15,000 options at an exercise price of 500 pence 
     ------------------------------------------------------------  ------------------------------------------------- 
 d)   Aggregated information                                        See above 
 
        *    Aggregated volume 
 
        *    Price 
     ------------------------------------------------------------  ------------------------------------------------- 
 e)   Date of the transaction                                       6 July 2023 
     ------------------------------------------------------------  ------------------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange, AIM Market 
     ------------------------------------------------------------  ------------------------------------------------- 
 
 
 1.   Details of the PDMR / person closely associated 
 a)   Name                                                          Michael Reisman 
     ------------------------------------------------------------  ------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                             Independent Non-executive Director 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Initial notification / amendment                              Initial notification 
     ------------------------------------------------------------  ------------------------------------------------- 
 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 of the financial instrument, type of instrument   Option over Ordinary Shares 
       Identification code                                           Ordinary Shares 
                                                                     GB00BZ973D04 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Nature of the transaction                                     Grant of Options 
     ------------------------------------------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)                                        15,000 options at an exercise price of 500 pence 
     ------------------------------------------------------------  ------------------------------------------------- 
 d)   Aggregated information                                        See above 
 
        *    Aggregated volume 
 
        *    Price 
     ------------------------------------------------------------  ------------------------------------------------- 
 e)   Date of the transaction                                       6 July 2023 
     ------------------------------------------------------------  ------------------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange, AIM Market 
     ------------------------------------------------------------  ------------------------------------------------- 
 
 
 1.   Details of the PDMR / person closely associated 
 a)   Name                                                          Laura Hills 
     ------------------------------------------------------------  ------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                             Non-Executive Director 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Initial notification / amendment                              Initial notification 
     ------------------------------------------------------------  ------------------------------------------------- 
 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 of the financial instrument, type of instrument   Option over Ordinary Shares 
       Identification code                                           Ordinary Shares 
                                                                     GB00BZ973D04 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Nature of the transaction                                     Grant of Options 
     ------------------------------------------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)                                        15,000 options at an exercise price of 500 pence 
     ------------------------------------------------------------  ------------------------------------------------- 
 d)   Aggregated information                                        See above 
 
        *    Aggregated volume 
 
        *    Price 
     ------------------------------------------------------------  ------------------------------------------------- 
 e)   Date of the transaction                                       6 July 2023 
     ------------------------------------------------------------  ------------------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange, AIM Market 
     ------------------------------------------------------------  ------------------------------------------------- 
 
 
 1.   Details of the PDMR / person closely associated 
 a)   Name                                                          Bobby Knell 
     ------------------------------------------------------------  ------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                             Non-Executive Director 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Initial notification / amendment                              Initial notification 
     ------------------------------------------------------------  ------------------------------------------------- 
 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 of the financial instrument, type of instrument   Option over Ordinary Shares 
       Identification code                                           Ordinary Shares 
                                                                     GB00BZ973D04 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Nature of the transaction                                     Grant of Options 
     ------------------------------------------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)                                        15,000 options at an exercise price of 500 pence 
     ------------------------------------------------------------  ------------------------------------------------- 
 d)   Aggregated information                                        See above 
 
        *    Aggregated volume 
 
        *    Price 
     ------------------------------------------------------------  ------------------------------------------------- 
 e)   Date of the transaction                                       6 July 2023 
     ------------------------------------------------------------  ------------------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange, AIM Market 
     ------------------------------------------------------------  ------------------------------------------------- 
 
 
 1.   Details of the PDMR / person closely associated 
 a)   Name                                                          Dan Ewell 
     ------------------------------------------------------------  ------------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------------------------------------------- 
 a)   Position / status                                             Non-Executive Director 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Initial notification / amendment                              Initial notification 
     ------------------------------------------------------------  ------------------------------------------------- 
 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 of the financial instrument, type of instrument   Option over Ordinary Shares 
       Identification code                                           Ordinary Shares 
                                                                     GB00BZ973D04 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Nature of the transaction                                     Grant of Options 
     ------------------------------------------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)                                        30,000 options at an exercise price of 500 pence 
     ------------------------------------------------------------  ------------------------------------------------- 
 d)   Aggregated information                                        See above 
 
        *    Aggregated volume 
 
        *    Price 
     ------------------------------------------------------------  ------------------------------------------------- 
 e)   Date of the transaction                                       6 July 2023 
     ------------------------------------------------------------  ------------------------------------------------- 
 f)   Place of the transaction                                      London Stock Exchange, AIM Market 
     ------------------------------------------------------------  ------------------------------------------------- 
 

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END

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July 07, 2023 02:00 ET (06:00 GMT)

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