Last checked at 1 Dec 2020 17:17
Water Intelligence plc (the "Company")
PDMR Dealing
The Company announces that it received notification on 1 December 2020 that Dr Patrick DeSouza, Executive Chairman of the Company, has, for personal estate and tax planning purposes, transferred 2,340,000 ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") for nil consideration to two related trusts, of which his immediate family are the sole beneficiaries. Dr DeSouza is the trustee of one of the trusts and his wife is the trustee of the other.
Following these transfers, Dr DeSouza will hold 447,110 Ordinary Shares in his own name, but his beneficial interest in the Company remains unchanged. The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail on the transfers.
1. | Details of the PDMR / person closely associated | |
a) | Name | Patrick DeSouza |
2. | Reason for the notification | |
a) | Position / status | Executive Chairman |
b) | Initial notification / amendment | Initial notification |
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 of the financial instrument, type of instrument Identification code | Ordinary Shares
|
b) | Nature of the transaction | Sale of Ordinary Shares
|
c) | Price(s) and volume(s) | 1,510,000 Ordinary Shares sold at 0p each 830,000 Ordinary Shares sold at 0p each
|
d) | Aggregated information | 2,340,000 Ordinary Shares sold at 0p each |
| - Aggregated volume |
|
| - Price |
|
e) | Date of the transaction | 30 November 2020 |
f) | Place of the transaction | Transfer of shares occurred 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 / status | Person Closely Associated with Patrick DeSouza, Executive Chairman of Water Intelligence plc |
b) | Initial notification / amendment | Initial notification |
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 of the financial instrument, type of instrument Identification code | Ordinary Shares
|
b) | Nature of the transaction | Purchase of Ordinary Shares
|
c) | Price(s) and volume(s) | 1,530,000 Ordinary Shares sold at 0p each
|
d) | Aggregated information | n/a (single transaction) |
| - Aggregated volume |
|
| - Price |
|
e) | Date of the transaction | 30 November 2020 |
f) | Place of the transaction | Transfer of shares occurred outside a trading venue |
1. | Details of the PDMR / person closely associated | |
a) | Name | The Patrick J. DeSouza GRAT #1 UA Dtd 11/23/2020 |
2. | Reason for the notification | |
a) | Position / status | Person Closely Associated with Patrick DeSouza, Executive Chairman of Water Intelligence plc |
b) | Initial notification / amendment | Initial notification |
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 of the financial instrument, type of instrument Identification code | Ordinary Shares
|
b) | Nature of the transaction | Purchase of Ordinary Shares
|
c) | Price(s) and volume(s) | 810,000 Ordinary Shares sold at 0p each
|
d) | Aggregated information | n/a (single transaction) |
| - Aggregated volume |
|
| - Price |
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e) | Date of the transaction | 30 November 2020 |
f) | Place of the transaction | Transfer of shares occurred outside a trading venue |
Enquiries:
Water Intelligence plc | ||||
Patrick DeSouza, Executive Chairman | Tel: +1 203 654 5426 | |||
Adrian Hargrave, VP Corporate Development
| +44 (0) 7775 701 838 | |||
WH Ireland Limited - NOMAD & Broker | Tel: +44 (0) 207 220 1666 | |||
Adrian Hadden | ||||
James Sinclair-Ford |
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Matthew Chan Dowgate Capital Ltd - Broker & Advisor Stephen Norcross | Tel: +44 (0)7920 599 793
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