Water Intelligence plc
Issue of Options
Water Intelligence plc (AIM: WATR.L) a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water announces that pursuant to in lieu of 2022 fees to directors and certain employees, it has granted options, exercisable at 660 pence each, the closing mid-market share price on the last trading day of 2022, representing a 13.4 per cent. premium to the closing mid-market price of the Company's Ordinary Shares on 6 February 2023 of 582 pence. These options carry a vesting period of 4 years, Full detail of the option grants are outlined below. In addition, the Group has granted a further 45,000 options on the same terms to certain employees.
| Director |
Options Issued |
Total Options held |
Total Voting Rights (% of Company) |
| |
|
|
|
| Patrick DeSouza |
30,000 |
105,000 |
4,987,110 (25.7%) |
| Michael Reisman |
15,000 |
140,000 |
184,126 (1.0%) |
| Laura Hills |
15,000 |
130,000 |
120,757 (0.6%) |
| Bobby Knell |
30,000 |
55,000 |
27,000 (0.1%) |
| Dan Ewell |
15,000 |
215,000 |
22,659 (0.1%) |
| Water Intelligence plc Patrick DeSouza, Executive Chairman Tel: +1 203 654 5426 Maria McDonald, Director, Communications Tel: +1 415 272 2459
RBC Capital Markets - Joint Broker Tel: +44 (0) 207 653 4000 Rupert Walford Daniel Saveski
WH Ireland Limited - NOMAD & Joint Broker Tel: +44 (0)207 220 1666 Hugh Morgan James Bavister
Dowgate Capital Ltd - Joint Broker Tel: +44 (0)20 3903 7721 Stephen Norcross
|
|
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
| 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 |
Option over Ordinary Shares Ordinary Shares
GB00BZ973D04 |
| b) |
Nature of the transaction |
Grant of Options
|
| c) |
Price(s) and volume(s) |
30,000 options at an exercise price of 660 pence |
| d) |
Aggregated information |
See above |
|
|
- Aggregated volume |
|
|
|
- Price |
|
| e) |
Date of the transaction |
7 February 2023 |
| f) |
Place of the transaction |
London Stock Exchange, AIM Market |
| 1. |
Details of the PDMR / person closely associated |
|
| a) |
Name |
Michael Reisman |
| 2. |
Reason for the notification |
|
| a) |
Position / status |
Independent Non-executive Director |
| 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 |
Grant of Options
|
| c) |
Price(s) and volume(s) |
15,000 options at an exercise price of 660 pence |
| d) |
Aggregated information |
See above |
|
|
- Aggregated volume |
|
|
|
- Price |
|
| e) |
Date of the transaction |
7 February 2023 |
| f) |
Place of the transaction |
London Stock Exchange, AIM Market |
| 1. |
Details of the PDMR / person closely associated |
|
| a) |
Name |
Laura Hills |
| 2. |
Reason for the notification |
|
| a) |
Position / status |
Non-Executive Director |
| 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 |
Grant of Options
|
| c) |
Price(s) and volume(s) |
15,000 options at an exercise price of 660 pence |
| d) |
Aggregated information |
See above |
|
|
- Aggregated volume |
|
|
|
- Price |
|
| e) |
Date of the transaction |
7 February 2023 |
| f) |
Place of the transaction |
London Stock Exchange, AIM Market |
| 1. |
Details of the PDMR / person closely associated |
|
| a) |
Name |
Bobby Knell |
| 2. |
Reason for the notification |
|
| a) |
Position / status |
Non-Executive Director |
| 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 |
Grant of Options
|
| c) |
Price(s) and volume(s) |
30,000 options at an exercise price of 660pence |
| d) |
Aggregated information |
See above |
|
|
- Aggregated volume |
|
|
|
- Price |
|
| e) |
Date of the transaction |
7 February 2023 |
| f) |
Place of the transaction |
London Stock Exchange, AIM Market |
| 1. |
Details of the PDMR / person closely associated |
|
| a) |
Name |
Dan Ewell |
| 2. |
Reason for the notification |
|
| a) |
Position / status |
Non-Executive Director |
| 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 |
Grant of Options
|
| c) |
Price(s) and volume(s) |
15,000 options at an exercise price of 660 pence |
| d) |
Aggregated information |
See above |
|
|
- Aggregated volume |
|
|
|
- Price |
|
| e) |
Date of the transaction |
7 February 2023 |
| f) |
Place of the transaction |
London Stock Exchange, AIM Market |
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