REG - Water Intelligence - Transaction in Own Shares & Issue of Equity

Water IntelligenceAnnouncement

07/10/2019 07:05

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)
Adrian Hargrave (VP, Corporate Development)
 


Tel: +1 203 654 5426
Tel: +44 (0)7775 701 838




WH Ireland Limited








Adrian Hadden
James Sinclair-Ford
Matthew Chan


Tel: 020 7220 1666
 




 
Dowgate Capital Limited
Stephen Norcross
 


 
 
Tel: 020 3903 7715




IFC Advisory Limited
Graham Herring
Zach Cohen


Tel: 020 3934 6630



 
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014
 




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