Water Intelligence PLC Exercise of Options and PDMR Dealing (5936B)

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: [phone] 
 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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January 11, 2018 03:26 ET (08:26 GMT)