Business
Results of Placing and Exercise of Options
Results of Placing and Exercise of Options.
About this update from Water Intelligence Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2978S\n Water Intelligence PLC\n 12 November 2021\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. PLEASE SEE THE IMPORTANT NOTICES SECTION OF THIS ANNOUNCEMENT.\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\"). \n \n \n 12 November 2021\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 Results of Placing\n \n \n \n \n \n Exercise of Options\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, announces the successful completion of its placing announced earlier today (the \"Placing\") which has closed significantly oversubscribed.\n \n \n The transaction comprised both the placing of 1,016,667 New Ordinary Shares to raise approximately £12.2 million and the placing of 25,000 New Ordinary Shares through the exercise of options to raise £0.3 million.\n \n \n A total of 1,041,667 new ordinary shares (the \"New Ordinary Shares\") were placed at a price of 1,200 pence per share (the \"Placing Price\"), raising gross proceeds of £12.5 million, in excess of the target size of at least £10 million. The Placing received strong demand from existing institutional shareholders as well as new long only institutional investors. The Placing was conducted by way of an accelerated bookbuild process. RBC Europe Limited (trading as \"RBC Capital Markets\") is acting as lead bookrunner whilst Dowgate Capital Limited (\"Dowgate\") and WH Ireland Limited (\"WH Ireland\") are acting as joint bookrunners in connection with ...