28 Apr 2017 13:20
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 / amendment | Initial notification
|
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 instrument, type of instrument | Ordinary shares of 0.25p each |
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 - Price
|
- 1,200,000 - £nil |
e) | Date of the transaction
| 28 April 2017 |
f) | Place of the transaction | London |
For further information please contact:
Modern Water plc | +44 (0)1483 696 000 |
Simon Humphrey, Chief Executive | |
W H Ireland (Nominated Adviser and Broker) |
+44 (0)207 220 1666 |
Paul Shackleton/Nick Prowting | |
Tavistock (Public Relations) |
+44 (0) 207 920 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