Water Intelligence PLC Exercise of Options and PDMR Dealing (5936B)
January 11 2018 - 3:26AM
UK Regulatory
TIDMWATR
RNS Number : 5936B
Water Intelligence PLC
11 January 2018
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, further to the
announcement made on 7 September 2017, David Silverstone, an
executive director of the Company, has exercised a portion of his
options holdings to subscribe for a total of 10,000 ordinary shares
of 1p each ("Ordinary Shares") at an exercise price of US$0.67 per
Ordinary Share (the "Exercise Price"). Subsequently he has sold the
resulting 10,000 Ordinary Shares at a price of GBP1.94.
Following the exercise and sale, 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 10,000 new Ordinary Shares to
be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective at 8 a.m. on 12 January 2018.
The new Ordinary Shares will rank pari passu with the existing
shares of the Company. Following the issue of the Option Shares,
the issued share capital of the Company is 12,163,833. The Company
holds 151,184 Ordinary Shares in treasury which carry no voting
rights, reducing the issued share capital of the Company carrying
voting rights to 12,012,649. The total number of voting rights in
the Company, excluding treasury shares, will therefore be
12,012,649.
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 (10,000 $0.67 per
instrument, share) and immediate
type of sale of 10,000 shares
instrument at GBP1.94 per share
Identification GB00BZ973D04
code
--- ------------------------- -------------------------
b) Nature of Exercise of Options
the transaction and Sale of Shares
--- ------------------------- -------------------------
c) Price(s) 10,000 options exercised
and volume(s) at $0.67 per share
and 10,000 shares
sold at GBP1.94 per
share
--- ------------------------- -------------------------
d) Aggregated N/A (Single transaction)
information
* Aggregated volume
* Price
--- ------------------------- -------------------------
e) Date of 10 January 2018
the transaction
--- ------------------------- -------------------------
f) Place of London Stock Exchange,
the transaction AIM Market (XLON)
--- ------------------------- -------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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