Modern Water PLC PDMR Dealings (7199D)

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RNS Number : 7199D

Modern Water PLC

28 April 2017

28 April 2017

Modern Water plc

("Modern Water" or "the Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Modern Water plc (AIM: MWG) announces that today the Company granted options to the following PDMRs, as set out in the table below. These options were granted pursuant to the Company's existing Share Incentive Plan adopted by shareholder resolution on 1 June 2007, on the terms detailed below. The options will vest and become exercisable on the third anniversary of the grant date, subject to the option holder remaining employed by the Company or a Company subsidiary on that date.

 
 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------- 
 a)   Name                             1. Simon Humphrey 
                                        2. Douglas Workman 
                                        3. Stephen Heaps 
                                        4. Toby Schumacher 
---  --------------------------  ------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------- 
 a)   Position / status                1. Chief Executive 
                                        2. President, Monitoring 
                                        Division 
                                        3. Finance Director 
                                        4. General Counsel 
                                        & Company Secretary 
---  --------------------------  ------------------------------- 
 b)   Initial notification        Initial notification 
       / amendment 
---  --------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------- 
 a)   Name                        Modern Water plc 
---  --------------------------  ------------------------------- 
 b)   LEI                         Company number 05963927 
---  --------------------------  ------------------------------- 
 4    Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; (iv) each place where transactions 
       have been conducted 
---  ----------------------------------------------------------- 
 a)   Description of financial    Ordinary shares of 
       instrument,                 0.25p each 
       type of instrument 
---  --------------------------  ------------------------------- 
      Identification Code         GB00B1XF5X66 
---  --------------------------  ------------------------------- 
 b)   Nature of the transaction   Grant of options 
---  --------------------------  ------------------------------- 
 c)   Price(s) and volume(s)           1. Nil - 400,000 
                                        2. Nil - 200,000 
                                        3. Nil - 300,000 
                                        4. Nil - 300,000 
---  --------------------------  ------------------------------- 
 d)   Aggregated information 
       - Aggregated volume                *    1,200,000 
       - Price 
 
                                          *    GBPnil 
---  --------------------------  ------------------------------- 
 e)   Date of the transaction     28 April 2017 
---  --------------------------  ------------------------------- 
 f)   Place of the transaction    London 
---  --------------------------  ------------------------------- 
 

For further information please contact:

 
                                     [phone] 
 Modern Water plc                     000 
 Simon Humphrey, Chief Executive 
 
 
   W H Ireland (Nominated Adviser      [phone] 
   and Broker)                         1666 
 
 Paul Shackleton/Nick Prowting 
 
                                       [phone] 
   Tavistock (Public Relations)        3150 
 Mike Bartlett / Andrew Dunn 
 

Notes to Editors:

About Modern Water

Modern Water owns, installs and operates world-leading membrane technology and develops and supplies advanced systems for water monitoring. Its shares trade on the Alternative Investment Market of the London Stock Exchange.

Modern Water has developed and commercialised world-leading patented Forward Osmosis desalination technology which can be used in a variety of industries. Its benefits include lower energy consumption, improved water quality and lower environmental impact. With a sales presence in almost 60 countries, the Group's Monitoring Division includes a leading real-time continuous toxicity monitor and trace metal analysers for monitoring the quality of drinking water.

www.modernwater.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 28, 2017 08:20 ET (12:20 GMT)