Transaction in Own Shares

RNS Number : 0429Y

Water Intelligence PLC

27 December 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 24 December 2019, pursuant to authorities approved by shareholders at the Company's Annual General Meeting dated 28 June 2019, the Company purchased 15,000 ordinary shares of 1 penny each ("Ordinary Shares") at a price of 260 pence (the "Transaction"). The Transaction involved shares that were previously issued as part of a franchise re-acquisition.

The Ordinary Shares which have been purchased will be held in treasury. Following the Transaction, the Company holds 145,000 Ordinary Shares in treasury. Therefore the total number of voting rights in the Company following the Transaction is 16,902,371 shares (divided into 14,702,371 Ordinary Shares not held in treasury, which are admitted to trading on AIM and 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 carry 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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