REG - Water Intelligence - PDMR Dealing and Issue of New Ordinary Shares

Water IntelligenceAnnouncement

24/11/2021 07:00

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RNS Number : 3451T  Water Intelligence PLC  24 November 2021

Water Intelligence plc (the "Company")

PDMR Dealing and Issue of New Ordinary Shares

Further to the Company's announcement on 1 December 2020 with respect to
year-end family estate planning and the creation of certain trusts, the
Company confirms that it was notified on 23 November 2021 that, as set out in
the tables below, 204,064 ordinary shares of 1 penny each in the capital of
the Company ("Ordinary Shares") have been transferred out of one trust and
simultaneously 165,000 Ordinary Shares were transferred into a separate
related trust, of which Patrick DeSouza's immediate family are the sole
beneficiaries.

Following these transfers, Dr DeSouza will hold 216,174 Ordinary Shares in his
own name, but his beneficial interest in the Company remains unchanged at
2,787,110 Ordinary Shares and 2,080,000 B Shares. The following notifications,
made in accordance with the requirements of the EU Market Abuse Regulation,
give further detail of the above transactions.

In relation to ongoing personal estate and tax planning, Frances DeSouza, the
spouse of Dr Patrick DeSouza, has exercised options over 50,000 Ordinary
Shares at an average exercise price of $0.905 and subsequently sold these
50,000 Ordinary Shares to an existing institutional investor at a price of
1180 pence.

Total Voting Rights and Admission to AIM

Application has been made for the 50,000 new Ordinary Shares to be admitted to
trading on the AIM market of London Stock Exchange plc, ("Admission").
Admission is expected to occur at or around 8.00 a.m. on 29 November 2021.

Upon Admission, the issued share capital of the Company will be 19,497,688
shares, divided into 17,417,688 Ordinary Shares of 1 pence each (of which
36,500 Ordinary Shares will be held by the Company in treasury) admitted to
trading on AIM and which entitle the holder to 1 vote per Ordinary Share; and
2,080,000 nil paid B Ordinary Shares of 1 pence each which are not admitted to
trading on AIM but which otherwise rank pari passu with the Ordinary Shares
(save that they may not participate in any distribution or return of capital
until they are fully paid).

Accordingly, the Company's total voting rights following Admission will be
19,461,188 shares. This total voting rights number may be used by shareholders
at Admission as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

 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  Ordinary Shares

     Identification code
 b)  Nature of the transaction                                    Transfer in of Ordinary Shares

                                                                  Transfer out of Ordinary Shares

 c)  Price(s) and volume(s)                                       39,064 Ordinary Shares transferred in at 0p each

 d)  Aggregated information                                       n/a (single transaction)
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      23 November 2021
 f)  Place of the transaction                                     Transfer of shares occurred outside a trading venue

 

 1.  Details of the PDMR / person closely associated
 a)  Name                                                         The Patrick J. DeSouza 2020 Irrevocable Trust U/A Dtd 11/23/2020
 2.  Reason for the notification
 a)  Position / status                                            Person Closely Associated with Patrick DeSouza, Executive Chairman of Water
                                                                  Intelligence plc
 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  Ordinary Shares

     Identification code
 b)  Nature of the transaction                                    Transfer in of Ordinary Shares

 c)  Price(s) and volume(s)                                       165,000 Ordinary Shares transferred in at 0p each

 d)  Aggregated information                                       n/a (single transaction)
     -      Aggregated volume
     -      Price
 e)  Date of the transaction                                      23 November 2021
 f)  Place of the transaction                                     Transfer of shares occurred outside a trading venue

 

 1.  Details of the PDMR / person closely associated
 a)  Name                                                         The Patrick J. DeSouza GRAT #1 U/T/A Dtd 11/23/2020
 2.  Reason for the notification
 a)  Position / status                                            Person Closely Associated with Patrick DeSouza, Executive Chairman of Water
                                                                  Intelligence plc
 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  Ordinary Shares

     Identification code
 b)  Nature of the transaction                                    Transfer out of Ordinary Shares

 c)  Price(s) and volume(s)                                       204,064 Ordinary Shares transferred out at 0p each

 d)  Aggregated information                                       n/a (single transaction)
     - Aggregated volume
     - Price
 e)  Date of the transaction                                      23 November 2021
 f)  Place of the transaction                                     Transfer of shares occurred outside a trading venue

 

 1.  Details of the PDMR / person closely associated
 a)  Name                                                         Frances DeSouza
 2.  Reason for the notification
 a)  Position / status                                            Immediate family of Patrick DeSouza
 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                                    Exercise of options and sale of ordinary shares

 c)  Price(s) and volume(s)                                       25,000 options exercised at $1.14

                                                                  25,000 options exercised at $0.67

                                                                  50,000 Ordinary Shares sold at 1180p
 d)  Aggregated information                                       See above
     - Aggregated volume
     - Price
 e)  Date of the transaction                                      23 November 2021
 f)  Place of the transaction                                     London Stock Exchange, AIM Market

 

Enquiries

 Water Intelligence plc
 Patrick DeSouza, Executive Chairman          Tel: +1 203 654 5426

 WH Ireland Limited - NOMAD and Joint Broker  Tel: +44 (0) 207 220 1666
 Adrian Hadden

 Ben Good

 RBC Capital Markets - Joint Broker
 Jill Li                                      Tel: +44 (0) 207 653 4000

 Elizabeth Evans

 Dowgate Capital Limited - Joint Broker       Tel: +44 (0) 203 903 7715
 Stephen Norcross

 Russell Cook

 Nicholas Chambers

 

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