Approval of Capital Reduction

RNS Number : 8329V

Water Intelligence PLC

20 April 2016

 

Water Intelligence plc

(the "Company")

Approval of Capital Reduction

At the General Meeting of the Company held on 29 March 2016 ("General Meeting"), resolutions were passed approving a Capital Reduction, as defined in the Notice of General Meeting, conditional upon approval by the Companies Court of the Chancery Division in the High Court of Justice (the "Court").

Following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies, the Capital Reduction has now become effective. Accordingly, the Company, at the date hereof, now has positive distributable reserves which puts the Company in a position to be able to pay dividends and/or buy back its shares, subject to shareholder approval in the case of buy backs, in future, should it be appropriate to do so.

For further information about this announcement please contact:

Water Intelligence plc    Patrick DeSouza (Executive Chairman)                  Tel: [phone]

WH Ireland Limited        Adrian Hadden / James Bavister                         Tel: [phone]

 

END

 

 

MSCMMGZDKGZGVZM