WATER INTELLIGENCE PLC

AGM Information • Mar 29, 2016

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RNS Number : 3775T

Water Intelligence PLC

29 March 2016

Water Intelligence plc (AIM: WATR.L)

("Water Intelligence" or the "Company")

Results of General Meeting

Water Intelligence, a leading provider of non-invasive, leak detection and remediation services, announces that at the General Meeting held today, the Resolutions regarding the proposed Capital Reorganisation were duly passed. The Consolidation and Sub-Division will be implemented after today's market close. Application has been made for the New Ordinary Shares to be admitted to trading on AIM, and dealing in the New Ordinary Shares is expected to commence at 8.00 am on 30 March 2016 with ISIN GB00BZ973D04. The Capital Reduction is now due to become effective on 21 April 2016, subject to court approval.

Immediately following Admission, the Company will have 10,617,720 New Ordinary Shares in issue. Since the Company currently holds no shares in treasury, the total number of voting rights in the Company on Admission is expected to be 10,617,720 and this figure may therefore be used by Shareholders after Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTRs.

The General Meeting was convened pursuant to the Notice of General Meeting posted to Shareholders on 8 March 2016, which is available from the Company's website, www.waterintelligence.co.uk. Defined terms used in this announcement have the meaning given in the Circular.

As detailed in the Circular, Shareholders with fewer than 230 Existing Ordinary Shares on the Consolidation and Sub-Division Record Date will receive cash in lieu of shares, provided that the cash amount due is £5.00 or more.

Water Intelligence plc
Patrick DeSouza (Executive Chairman)	Tel: +1 203 654 5426
WH Ireland Limited
Adrian Hadden / James Bavister	Tel: 020 7220 1666

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

2016

Consolidation and Sub-Division Record Date                                                       6.00 p.m. on 29 March

Effective time of the Consolidation and Sub-Division, Admission and                     8.00 a.m. on 30 March

dealings in New Ordinary Shares expected to commence on AIM

CREST accounts credited with New Ordinary Shares                                                              30 March

Court directions hearing                                                                                                            8 April

Capital Reduction Record Date                                                                            6.00 p.m. on 19 April1

Court hearing to confirm the Capital Reduction                                                                         20 April1

Registration of Court Order and effective date of the Capital Reduction                                       21 April2

Anticipated date of dispatch for share certificates in                                          Within 10 business days

respect of New Ordinary Shares                                                                                       of Admission

Anticipated date of dispatch of cheques following sale of                                   Within 10 business days

Fractional Entitlement Shares                                                                                         of Admission3

If any details contained in the timetable above should change, the revised times and dates will be notified by means of an announcement through a Regulatory Information Service.

Notes:

1.   This date is subject to any changes which may be imposed by the Court.

2.   This date will depend on, amongst other things, the date on which the Court confirms the Capital Reduction.

3.   This date is subject to market conditions.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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