Transaction in Own Shares

RNS Number : 2437O

Water Intelligence PLC

01 October 2019

 

Water Intelligence plc

 ("Water Intelligence" or the "Company")

 Transaction in Own Shares

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 on 30 September 2019, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 28 June 2019, the Company purchased 5,000 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 277 pence each (the "Transaction").

As noted in the 1H Interim financials, the Company's organic cash flow has grown and it remains confident about sufficient capital available on its balance sheet to execute its growth plan.  As a result, the Company plans to continue to buy back shares as opportunities arise.  The board will explore a more defined program prior to year-end.

The Ordinary Shares which have been purchased will be held in treasury. Following the Transaction, the Company holds 30,000 Ordinary Shares in treasury. Therefore the total number of voting rights in the Company is 16,957,371 shares (divided into 14,762,371 ordinary shares of 1 penny each which are admitted to trading on AIM and which entitle the holder to one vote per ordinary share; 2,200,000 B Ordinary Shares of 1 penny each which are not admitted to trading on AIM, but do still entitle the holder to one vote per ordinary share, but no economic rights) which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Water Intelligence plc
Patrick DeSouza (Executive Chairman) Adrian Hargrave (VP, Corporate Development)	Tel: [phone] Tel: [phone]
WH Ireland Limited
Adrian Hadden James Sinclair-Ford Matthew Chan	Tel: [phone]
Dowgate Capital Limited Stephen Norcross	Tel: [phone]
IFC Advisory Limited Graham Herring Zach Cohen	Tel: [phone]

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014

 

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