REG - Water Intelligence - Results of General Meeting <Origin Href="QuoteRef">WATRI.L</Origin>

Water IntelligenceAnnouncement

29/03/2016 10:50

RNS Number : 3775T
Water Intelligence PLC
29 March 2016
Water Intelligence plc (AIM: WATR.L)
("Water Intelligence" or the "Company")
Results of General Meeting
Water Intelligence, a leading provider of non-invasive, leak detection and remediation services, announces that at the General Meeting held today, the Resolutions regarding the proposed Capital Reorganisation were duly passed. The Consolidation and Sub-Division will be implemented after today's market close. Application has been made for the New Ordinary Shares to be admitted to trading on AIM, and dealing in the New Ordinary Shares is expected to commence at 8.00 am on 30 March 2016 with ISIN GB00BZ973D04. The Capital Reduction is now due to become effective on 21 April 2016, subject to court approval.
Immediately following Admission, the Company will have 10,617,720 New Ordinary Shares in issue. Since the Company currently holds no shares in treasury, the total number of voting rights in the Company on Admission is expected to be 10,617,720 and this figure may therefore be used by Shareholders after Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTRs.
The General Meeting was convened pursuant to the Notice of General Meeting posted to Shareholders on 8 March 2016, which is available from the Company's website, www.waterintelligence.co.uk. Defined terms used in this announcement have the meaning given in the Circular.
As detailed in the Circular, Shareholders with fewer than 230 Existing Ordinary Shares on the Consolidation and Sub-Division Record Date will receive cash in lieu of shares, provided that the cash amount due is 5.00 or more.
Water Intelligence plc

Patrick DeSouza (Executive Chairman)
Tel: +1 203 654 5426
WH Ireland Limited

Adrian Hadden / James Bavister
Tel: 020 7220 1666
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
2016
Consolidation and Sub-Division Record Date 6.00 p.m. on 29 March
Effective time of the Consolidation and Sub-Division, Admission and 8.00 a.m. on 30 March
dealings in New Ordinary Shares expected to commence on AIM
CREST accounts credited with New Ordinary Shares 30 March
Court directions hearing 8 April
Capital Reduction Record Date 6.00 p.m. on 19 April1
Court hearing to confirm the Capital Reduction 20 April1
Registration of Court Order and effective date of the Capital Reduction 21 April2
Anticipated date of dispatch for share certificates in Within 10 business days
respect of New Ordinary Shares of Admission
Anticipated date of dispatch of cheques following sale of Within 10 business days
Fractional Entitlement Shares of Admission3
If any details contained in the timetable above should change, the revised times and dates will be notified by means of an announcement through a Regulatory Information Service.
Notes:
1. This date is subject to any changes which may be imposed by the Court.
2. This date will depend on, amongst other things, the date on which the Court confirms the Capital Reduction.
3. This date is subject to market conditions.

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