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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