REG - Water Intelligence - Issue of Options

Water IntelligenceAnnouncement

07/07/2023 07:00

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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 held  Total Voting 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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