Business
PDMR Dealing and Issue of New Ordinary Shares
PDMR Dealing and Issue of New Ordinary Shares.
About this update from Water Intelligence Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3451T\n Water Intelligence PLC\n 24 November 2021\n \n \n \n \n Water Intelligence plc (the \"Company\")\n \n \n PDMR Dealing and Issue of New Ordinary Shares\n \n \n Further to the Company's announcement on 1 December 2020 with respect to year-end family estate planning and the creation of certain trusts, the Company confirms that it was notified on 23 November 2021 that, as set out in the tables below, 204,064 ordinary shares of 1 penny each in the capital of the Company (\"Ordinary Shares\") have been transferred out of one trust and simultaneously 165,000 Ordinary Shares were transferred into a separate related trust, of which Patrick DeSouza's immediate family are the sole beneficiaries. \n \n \n Following these transfers, Dr DeSouza will hold 216,174 Ordinary Shares in his own name, but his beneficial interest in the Company remains unchanged at 2,787,110 Ordinary Shares and 2,080,000 B Shares. The following notifications, made in accordance with the requirements of the EU Market Abuse Regulation, give further detail of the above transactions.\n \n \n In relation to ongoing personal estate and tax planning, Frances DeSouza, the spouse of Dr Patrick DeSouza, has exercised options over 50,000 Ordinary Shares at an average exercise price of $0.905 and subsequently sold these 50,000 Ordinary Shares to an existing institutional investor at a price of 1180 pence. \n \n \n Total Voting Rights and Admission to AIM\n \n \n Application has been made for the 50,000 new Ordinary Shares to be admitted to trading on the AIM market of London Stock Exchange plc, (\"Admission\"). Admission is expected to occur at or around 8.00 a.m. on 29 November 2021.\n \n \n Upon Admission, the issued share capital of the Company will be 19,497,688 shares, divided into 17,417,688 Ordinary Shares of 1 pence each (of which 36,500 Ordinary Shares will be held by the Company in treasury) admitted to trading on AIM and which entitle the holder to 1 vote per Ordinary Share; and 2,080,000 nil paid B Ordinary Shares of 1 pence each which are not admitted to trading on AIM but which otherwise rank pari passu with the Ordinary Shares (save that they may not participate in any distribution or return of capital until they are fully paid).\n \n \n Accordingly, the Company's total voting rights following Admission will be 19,461,188 sha...