Issue of Options
Water Intelligence plc has announced the issuance of 385,000 options to directors, PDMRs, and employees, with directors opting to receive their board fees in options instead of cash. These options have an exercise price of 300 pence, representing a 17.6% premium to the closing price on March 23, 2026, and are subject to a three-year vesting period with a ten-year exercise window. Patrick DeSouza received 75,000 options, Laura Hills and Dan Ewell received 50,000 each, Phil Meckley received 30,000, Will Knell received 50,000, and other employees received a combined 130,000 options.
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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 that as in previous years, the directors have agreed to take their Board fees in options rather than cash.
Therefore, the Board has issued 385,000 options to directors, PDMRs and employees as follows:
| Recipient | Options Issued | Total Options held | Total Voting Rights (% of Company) |
|---|---|---|---|
| Patrick DeSouza | 75,000 | 300,000 | 4,874,760 (25.7%) |
| Laura Hills | 50,000 | 250,000 | 130,373 (0.7%) |
| Dan Ewell | 50,000 | 350,000 | 41,320 (0.2%) |
| Phil Meckley | 30,000 | 60,000 | 2,050 (0.0%) |
| Will Knell | 50,000 | 275,000 | 2,050 (0.0%) |
| Other employees | 130,000 |
The exercise price is 300 pence, representing a 17.6 per cent. premium to the closing price on 23 March 2026. The options have a three year vesting period and are capable of exercise for up to 10 years from the date of issue.
| 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) | 75,000 options at an exercise price of 300 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 23 March 2026 |
| 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) | 50,000 options at an exercise price of 300 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 23 March 2026 |
| 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) | 50,000 options at an exercise price of 300 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 23 March 2026 |
| 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 300 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 23 March 2026 |
| 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, 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) | 50,000 options at an exercise price of 300 pence |
| d) | Aggregated information | See above |
| - Aggregated volume | ||
| - Price | ||
| e) | Date of the transaction | 23 March 2026 |
| f) | Place of the transaction | London Stock Exchange, AIM Market |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.