Last checked at 24 Nov 2021 07:00
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 / 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 | Transfer in of Ordinary Shares Transfer out of Ordinary Shares
|
c) | Price(s) and volume(s) | 39,064 Ordinary Shares transferred in at 0p each
|
d) | Aggregated information | n/a (single transaction) |
| - Aggregated volume |
|
| - Price |
|
e) | Date of the transaction | 23 November 2021 |
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 | Transfer in of Ordinary Shares
|
c) | Price(s) and volume(s) | 165,000 Ordinary Shares transferred in at 0p each
|
d) | Aggregated information | n/a (single transaction) |
| - Aggregated volume |
|
| - Price |
|
e) | Date of the transaction | 23 November 2021 |
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 | Transfer out of Ordinary Shares
|
c) | Price(s) and volume(s) | 204,064 Ordinary Shares transferred out at 0p each
|
d) | Aggregated information | n/a (single transaction) |
- Aggregated volume | ||
- Price | ||
e) | Date of the transaction | 23 November 2021 |
f) | Place of the transaction | Transfer of shares occurred outside a trading venue |
1. | Details of the PDMR / person closely associated | |
a) | Name | Frances DeSouza |
2. | Reason for the notification | |
a) | Position / status | Immediate family of Patrick DeSouza |
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 | Option over Ordinary Shares Ordinary Shares
GB00BZ973D04 |
b) | Nature of the transaction | Exercise of options and sale of ordinary shares
|
c) | Price(s) and volume(s) | 25,000 options exercised at $1.14 25,000 options exercised at $0.67 50,000 Ordinary Shares sold at 1180p |
d) | Aggregated information | See above |
- Aggregated volume | ||
- Price | ||
e) | Date of the transaction | 23 November 2021 |
f) | Place of the transaction | London Stock Exchange, 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 Elizabeth Evans
| Tel: +44 (0) 207 653 4000 |
Dowgate Capital Limited - Joint Broker | Tel: +44 (0) 203 903 7715 |
Stephen Norcross Russell Cook Nicholas Chambers |