Water Intelligence PLC Exercise of Options and PDMR Dealing (1517Q)
September 07 2017 - 10:21AM
UK Regulatory
TIDMWATR
RNS Number : 1517Q
Water Intelligence PLC
07 September 2017
Water Intelligence plc (AIM: WATR.L)
("Water Intelligence" or the "Company")
Exercise of Options and PDMR Dealing
Water Intelligence, a leading provider of non-invasive leak
detection and remediation services, announces that David
Silverstone, an executive director of the Company, is retiring from
operational activities but will remain on the board of the Company
in a non-executive capacity. Pursuant to this change, Mr.
Silverstone has exercised a portion of his options holdings to
subscribe for a total of 30,000 of the ordinary shares of 1p each
("Ordinary Shares") at a price of US$0.67 per Ordinary Share (the
"Exercise Price").
Scott Weiner, Northeast (US) regional manager, will also be
retiring from the Company. Pursuant to this change, Mr. Weiner has
exercised all of his options holdings to subscribe for a total of
50,000 Ordinary Shares at the Exercise Price.
The Company has agreed to purchase the 80,000 Ordinary Shares to
be issued pursuant to the above option exercises (the "Option
Shares") a price of GBP1.24 per share from the above parties and
will hold these shares in treasury to be used for employee
compensation in future periods.
Following the sale of his Option Shares to the Company, David
Silverstone is interested in 38,500 Ordinary Shares in the Capital
of the Company.
Pursuant to the above option exercises, an application has been
made to the London Stock Exchange for 80,000 new Ordinary Shares to
be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective at 8 a.m. on 13 September 2017.
Following the issue of the Option Shares, the issued share
capital of the Company carrying voting rights is 12,153,833.
Following the purchase of the Option Shares by the Company, the
Company will hold 153,600 Ordinary Shares in treasury which carry
no voting rights, reducing the issued share capital of the Company
carrying voting rights to 12,073,833. The total number of voting
rights in the Company, excluding treasury shares, will therefore be
12,073,833.
Enquiries:
Water Intelligence plc
Patrick DeSouza (Executive Chairman) Tel: +1 203
654 5426
finnCap Ltd
Adrian Hargrave / Giles Rolls (Corporate Tel: 020 7220
Finance) 0500
Stephen Norcross (Corporate Broking)
1. Details of the PDMR / person
closely associated
--- ----------------------------------------------------
a) Name David Silverstone
--- ------------------------- -------------------------
2. Reason for the notification
--- ----------------------------------------------------
a) Position PDMR
/ status
--- ------------------------- -------------------------
b) Initial Initial notification
notification
/ amendment
--- ------------------------- -------------------------
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 Exercise of Options
of the financial (30,000 $0.67 per
instrument, share) and immediate
type of sale of 30,000 shares
instrument at GBP1.24 per share
Identification GB00BZ973D04
code
--- ------------------------- -------------------------
b) Nature of Exercise of Options
the transaction and Sale of Shares
--- ------------------------- -------------------------
c) Price(s) 30,000 options exercised
and volume(s) at $0.67 per share
and 30,000 shares
sold at GBP1.24 per
share
--- ------------------------- -------------------------
d) Aggregated N/A (Single transaction)
information
* Aggregated volume
* Price
--- ------------------------- -------------------------
e) Date of 7 September 2017
the transaction
--- ------------------------- -------------------------
f) Place of Off Market
the transaction
--- ------------------------- -------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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