REG - Water Intelligence - Approval of Capital Reduction <Origin Href="QuoteRef">WATRI.L</Origin>

Water IntelligenceAnnouncement

20/04/2016 16:15

RNS Number : 8329V
Water Intelligence PLC
20 April 2016
Water Intelligence plc
(the "Company")
Approval of Capital Reduction
At the General Meeting of the Company held on 29 March 2016 ("General Meeting"), resolutions were passed approving a Capital Reduction, as defined in the Notice of General Meeting, conditional upon approval by the Companies Court of the Chancery Division in the High Court of Justice (the "Court").
Following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies, the Capital Reduction has now become effective. Accordingly, the Company, at the date hereof, now has positive distributable reserves which puts the Company in a position to be able to pay dividends and/or buy back its shares, subject to shareholder approval in the case of buy backs, in future, should it be appropriate to do so.
For further information about this announcement please contact:
Water Intelligence plc  Patrick DeSouza (Executive Chairman) Tel: +1 203 654 5426 
WH Ireland Limited  Adrian Hadden / James Bavister  Tel: 020 7220 1666

This information is provided by RNS
The company news service from the London Stock Exchange
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