Water Intelligence PLC Transaction in Own Shares & Issue of Equity (9060O)
07 Octubre 2019 - 1:00AM
UK Regulatory
TIDMWATR
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) 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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October 07, 2019 02:00 ET (06:00 GMT)
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