Issue of Options, PDMR Dealings & Share Buyback
Company issued 275,000 options to directors and employees; repurchased 15,000 shares.
- Options issued 275,000
- Exercise price 345 pence
- Shares repurchased 15,000
- Volume weighted average price paid 277.73p
- Total voting rights 19,273,538 ordinary shares
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Water Intelligence plc (AIM: WATR.L) (the "Group" or "Water Intelligence"), a leading multinational provider of precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water announces an issue of 275,000 options to directors, PDMRs and employees, as outlined in its interim results released on 29 September 2025. The expense for the options has been already disclosed as part of the 2024 Accounts previously released.
As in previous years and as disclosed in the Group's annual report, directors have agreed to take their Board fees in options rather than cash. In line with the disclosure in the interim results, the Board has approved the issue of options as follows:
| Director / PDMR | Options Issued | Total Options held | Total Voting Rights (% of Company) |
|---|---|---|---|
| Patrick DeSouza | 55,000 | 225,000 | 4,874,760 (25.3%) |
| Laura Hills | 55,000 | 200,000 | 130,373 (0.7%) |
| Dan Ewell | 55,000 | 300,000 | 41,320 (0.2%) |
| Bobby Knell | 30,000 | 100,000 | 27,000 (0.1%) |
| Phil Meckley | 30,000 | 30,000 | 2,050 (0.0%) |
| Will Knell | 25,000 | 225,000 | - |
A further 25,000 options were issued to employees who were neither directors nor PDMRs.
The exercise price for the options is 345 pence, representing a 25.4 per cent. premium to the closing price on 29 September 2025 and is also equal to the Company's share price on 31 March 2025, when the Group closed the books on its 2024 accounts. The options have a three-year vesting period and are capable of exercise for up to 10 years from the date of issue.
Transaction in Own Shares
The Group also announces that on 30 September 2025, pursuant to the authority approved by shareholders at the Company's Annual General Meeting dated 7 October 2024, the Company purchased 15,000 ordinary shares of 1 penny each ("Ordinary Shares") in three tranches of 5,000 at prices of 279 pence, 276.69 pence and 277.5 pence (the "Transactions").
Summary of Trades
| Date of Purchase | 30 September 2025 |
|---|---|
| Number of ordinary shares purchased/aggregated volume | 15,000 |
| Highest price paid per ordinary share | 279p |
| Lowest price paid per ordinary shares | 276.69p |
| Volume weighted average price paid per ordinary shares | 277.73p |
| Time of transactions | 08:18:00, 11:00:00 & 16:35:00 |
| Trading Venue | London Stock Exchange |
Total Voting Rights
The Ordinary Shares which have been purchased will be held in treasury. Following the Transaction, the Company holds 294,150 Ordinary Shares in treasury.
Therefore the total number of voting rights in the Company is 19,273,538 ordinary shares (divided into 17,193,538 Ordinary Shares, which are admitted to trading on AIM and entitle the holder to one vote per Ordinary Share and 2,080,000 B Ordinary Shares of 1 penny each which are not admitted to trading on AIM, but do still entitle the holder to one vote per ordinary share, but carry no economic rights). The shares held in Treasury are excluded from this calculation which may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
| 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 |
| a) | Name | Water Intelligence plc |
| b) | LEI | 213800AL3BNXJ1HQLP10 |
| 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) | 55,000 options at an exercise price of 345 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 30 September 2025 |
| 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 |
| a) | Name | Water Intelligence plc |
| b) | LEI | 213800AL3BNXJ1HQLP10 |
| 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) | 55,000 options at an exercise price of 345 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 30 September 2025 |
| 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 |
| a) | Name | Water Intelligence plc |
| b) | LEI | 213800AL3BNXJ1HQLP10 |
| 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) | 55,000 options at an exercise price of 500 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 30 September 2025 |
| 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 |
| a) | Name | Water Intelligence plc |
| b) | LEI | 213800AL3BNXJ1HQLP10 |
| 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 345 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | London Stock Exchange, AIM Market |
| 1. | Details of the PDMR / person closely associated | |
| a) | Name | Phil Meckley |
| 2. | Reason for the notification | |
| a) | Position / status | Non-executive Director |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Water Intelligence plc |
| b) | LEI | 213800AL3BNXJ1HQLP10 |
| 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 345 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | London Stock Exchange, AIM Market |
| 1. | Details of the PDMR / person closely associated | |
| a) | Name | Will Knell |
| 2. | Reason for the notification | |
| a) | Position / status | CEO of American Leak Detection |
| b) | Initial notification / amendment | Initial notification |
| a) | Name | Water Intelligence plc |
| b) | LEI | 213800AL3BNXJ1HQLP10 |
| 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) | 25,000 options at an exercise price of 345 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 30 September 2025 |
| f) | Place of the transaction | London Stock Exchange, AIM Market |
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