TIDMWATR

RNS Number : 3451T

Water Intelligence PLC

24 November 2021

Water Intelligence plc (the "Company")

PDMR Dealing and Issue of New Ordinary Shares

Further to the Company's announcement on 1 December 2020 with respect to year-end family estate planning and the creation of certain trusts, the Company confirms that it was notified on 23 November 2021 that, as set out in the tables below, 204,064 ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") have been transferred out of one trust and simultaneously 165,000 Ordinary Shares were transferred into a separate related trust, of which Patrick DeSouza's immediate family are the sole beneficiaries.

Following these transfers, Dr DeSouza will hold 216,174 Ordinary Shares in his own name, but his beneficial interest in the Company remains unchanged at 2,787,110 Ordinary Shares and 2,080,000 B Shares. The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail of the above transactions.

In relation to ongoing personal estate and tax planning, Frances DeSouza, the spouse of Dr Patrick DeSouza, has exercised options over 50,000 Ordinary Shares at an average exercise price of $0.905 and subsequently sold these 50,000 Ordinary Shares to an existing institutional investor at a price of 1180 pence.

Total Voting Rights and Admission to AIM

Application has been made for the 50,000 new Ordinary Shares to be admitted to trading on the AIM market of London Stock Exchange plc, ("Admission"). Admission is expected to occur at or around 8.00 a.m. on 29 November 2021.

Upon Admission, the issued share capital of the Company will be 19,497,688 shares, divided into 17,417,688 Ordinary Shares of 1 pence each (of which 36,500 Ordinary Shares will be held by the Company in treasury) admitted to trading on AIM and which entitle the holder to 1 vote per Ordinary Share; and 2,080,000 nil paid B Ordinary Shares of 1 pence each which are not admitted to trading on AIM but which otherwise rank pari passu with the Ordinary Shares (save that they may not participate in any distribution or return of capital until they are fully paid).

Accordingly, the Company's total voting rights following Admission will be 19,461,188 shares. This total voting rights number may be used by shareholders at Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

 
 1.   Details of the PDMR / person closely associated 
 a)   Name                       Patrick DeSouza 
     -------------------------  ----------------------------------- 
 2.   Reason for the notification 
     -------------------------------------------------------------- 
 a)   Position                   Executive Chairman 
       / status 
     -------------------------  ----------------------------------- 
 b)   Initial notification       Initial 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                Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
       Identification 
       code 
     -------------------------  ----------------------------------- 
 b)   Nature of                  Transfer in of Ordinary Shares 
       the transaction            Transfer out of Ordinary Shares 
     -------------------------  ----------------------------------- 
 c)   Price(s)                   39,064 Ordinary Shares transferred 
       and volume(s)              in at 0p each 
     -------------------------  ----------------------------------- 
 d)   Aggregated                 n/a (single transaction) 
       information 
 
        *    Aggregated volume 
 
        *    Price 
     -------------------------  ----------------------------------- 
 e)   Date of the                23 November 2021 
       transaction 
     -------------------------  ----------------------------------- 
 f)   Place of                   Transfer of shares occurred 
       the transaction            outside a trading venue 
     -------------------------  ----------------------------------- 
 
 
 1.   Details of the PDMR / person closely associated 
 a)   Name                       The Patrick J. DeSouza 
                                  2020 Irrevocable Trust 
                                  U/A Dtd 11/23/2020 
     -------------------------  --------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------ 
 a)   Position                   Person Closely Associated 
       / status                   with Patrick DeSouza, Executive 
                                  Chairman of Water Intelligence 
                                  plc 
     -------------------------  --------------------------------- 
 b)   Initial notification       Initial 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                Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
       Identification 
       code 
     -------------------------  --------------------------------- 
 b)   Nature of                  Transfer in of Ordinary 
       the transaction            Shares 
     -------------------------  --------------------------------- 
 c)   Price(s)                   165,000 Ordinary Shares 
       and volume(s)              transferred in at 0p each 
     -------------------------  --------------------------------- 
 d)   Aggregated                 n/a (single transaction) 
       information 
 
        *    Aggregated volume 
 
        *    Price 
     -------------------------  --------------------------------- 
 e)   Date of the                23 November 2021 
       transaction 
     -------------------------  --------------------------------- 
 f)   Place of                   Transfer of shares occurred 
       the transaction            outside a trading venue 
     -------------------------  --------------------------------- 
 
 
 1.   Details of the PDMR / person closely 
       associated 
 a)   Name                       The Patrick J. DeSouza 
                                  GRAT #1 U/T/A Dtd 11/23/2020 
     -------------------------  ------------------------------ 
 2.   Reason for the notification 
     --------------------------------------------------------- 
 a)   Position                   Person Closely Associated 
       / status                   with Patrick DeSouza, 
                                  Executive Chairman of 
                                  Water Intelligence plc 
     -------------------------  ------------------------------ 
 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                Ordinary Shares 
       of the 
       financial 
       instrument, 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  ------------------------------ 
 b)   Nature                     Transfer out of Ordinary 
       of the                     Shares 
       transaction 
     -------------------------  ------------------------------ 
 c)   Price(s)                   204,064 Ordinary Shares 
       and volume(s)              transferred out at 0p 
                                  each 
     -------------------------  ------------------------------ 
 d)   Aggregated                 n/a (single transaction) 
       information 
 
        *    Aggregated volume 
 
        *    Price 
     -------------------------  ------------------------------ 
 e)   Date of                    23 November 2021 
       the transaction 
     -------------------------  ------------------------------ 
 f)   Place of                   Transfer of shares occurred 
       the transaction            outside a trading venue 
     -------------------------  ------------------------------ 
 
 
 1.   Details of the PDMR / person closely 
       associated 
 a)   Name                       Frances DeSouza 
     -------------------------  ---------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------- 
 a)   Position                   Immediate family of Patrick 
       / status                   DeSouza 
     -------------------------  ---------------------------- 
 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                Option over Ordinary Shares 
       of the                     Ordinary Shares 
       financial 
       instrument,                GB00BZ973D04 
       type of 
       instrument 
       Identification 
       code 
     -------------------------  ---------------------------- 
 b)   Nature                     Exercise of options and 
       of the                     sale of ordinary shares 
       transaction 
     -------------------------  ---------------------------- 
 c)   Price(s)                   25,000 options exercised 
       and volume(s)              at $1.14 
                                  25,000 options exercised 
                                  at $0.67 
                                  50,000 Ordinary Shares 
                                  sold at 1180p 
     -------------------------  ---------------------------- 
 d)   Aggregated                 See above 
       information 
 
        *    Aggregated volume 
 
        *    Price 
     -------------------------  ---------------------------- 
 e)   Date of                    23 November 2021 
       the transaction 
     -------------------------  ---------------------------- 
 f)   Place of                   London Stock Exchange, 
       the transaction            AIM Market 
     -------------------------  ---------------------------- 
 

Enquiries

 
 Water Intelligence plc 
 Patrick DeSouza, Executive Chairman           Tel: +1 203 654 
                                                5426 
 
 WH Ireland Limited - NOMAD and Joint Broker   Tel: +44 (0) 207 
                                                220 1666 
 Adrian Hadden 
  Ben Good 
 
 RBC Capital Markets - Joint Broker 
 Jill Li                                       Tel: +44 (0) 207 
  Elizabeth Evans                               653 4000 
 
 Dowgate Capital Limited - Joint Broker        Tel: +44 (0) 203 
                                                903 7715 
 Stephen Norcross 
  Russell Cook 
  Nicholas Chambers 
 

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November 24, 2021 02:00 ET (07:00 GMT)

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