PDMR Dealing

RNS Number : 1883H

Water Intelligence PLC

01 December 2020

 

Water Intelligence plc (the "Company")

PDMR Dealing

The Company announces that it received notification on 1 December 2020 that Dr Patrick DeSouza, Executive Chairman of the Company, has, for personal estate and tax planning purposes, transferred 2,340,000 ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") for nil consideration to two related trusts, of which his immediate family are the sole beneficiaries. Dr DeSouza is the trustee of one of the trusts and his wife is the trustee of the other.

Following these transfers, Dr DeSouza will hold 447,110 Ordinary Shares in his own name, but his beneficial interest in the Company remains unchanged. The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail on the transfers.

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	Sale of Ordinary Shares
c)	Price(s) and volume(s)	1,510,000 Ordinary Shares sold at 0p each 830,000 Ordinary Shares sold at 0p each
d)	Aggregated information	2,340,000 Ordinary Shares sold at 0p each
	- Aggregated volume
	- Price
e)	Date of the transaction	30 November 2020
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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	1,530,000 Ordinary Shares sold at 0p each
d)	Aggregated information	n/a (single transaction)
	- Aggregated volume
	- Price
e)	Date of the transaction	30 November 2020
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 U/T/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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	810,000 Ordinary Shares sold at 0p each
d)	Aggregated information	n/a (single transaction)
	- Aggregated volume
	- Price
e)	Date of the transaction	30 November 2020
f)	Place of the transaction	Transfer of shares occurred outside a trading venue

Enquiries :

Water Intelligence plc
Patrick DeSouza, Executive Chairman		Tel: [phone]
Adrian Hargrave, VP Corporate Development		+ 44 (0) 7775 701 838
WH Ireland Limited - NOMAD & Broker		Tel: [phone]
Adrian Hadden
James Sinclair-Ford
Matthew Chan Dowgate Capital Ltd - Broker & Advisor  Stephen Norcross			Tel:  [phone]

 

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