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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(END) Dow Jones Newswires

October 07, 2019 02:00 ET (06:00 GMT)

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