Business
Proposed Placing
Proposed Placing.
About this update from Water Intelligence Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2101S\n Water Intelligence PLC\n 12 November 2021\n \n \n \n \n \n THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND FOR INFORMATION PURPOSES ONLY AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION, DISTRIBUTION, OFFER OR SALE WOULD BE UNLAWFUL. \n \n \n PLEASE SEE THE IMPORTANT NOTICES SECTION OF THIS ANNOUNCEMENT.\n \n \n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (REGULATION 596/2014/EU) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE PLACING AND OTHER MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION AS PERMITTED BY MAR. UPON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. THEREFORE, UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THOSE PERSONS WHO RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF INSIDE INFORMATION RELATING TO THE COMPANY AND ITS SECURITIES.\n \n \n \n 12\n \n \n November 2021\n \n \n \n \n \n \n Water Intelligence plc\n \n \n \n \n \n (\"Water Intelligence\" or the \"Company\" or the \"Group\")\n \n \n \n \n \n Proposed placing by way of an accelerated bookbuild to raise at least £10 million\n \n \n \n \n \n Water Intelligence, a leading multinational provider of non-invasive leak detection and remediation services for both potable and non-potable water, today announces its intention to conduct a placing (the \"Placing\") to raise gross proceeds of at least £10 million of new ordinary shares in the capital of the Company (the \"Placing Shares\") to institutional investors at a placing price of 1,200 pence per Placing Share (the \"Placing Price\").\n \n \n \n \n \n The Placing will be conducted in accordance with the terms an...