Modern Water PLC Director/PDMR Shareholding and Open Offer Update (0517F)
October 24 2018 - 6:31AM
UK Regulatory
TIDMMWG
RNS Number : 0517F
Modern Water PLC
24 October 2018
24 October 2018
Modern Water plc
("Modern Water" or "the Company")
Director/PDMR Shareholding and Open Offer Update
Modern Water plc (AIM:MWG), the owner of leading technologies
for water and wastewater treatment and for the monitoring of water
quality, has been notified that Dr Piers Clark has purchased
227,272 shares in the open market, representing 0.23% of the issued
share capital. Dr Piers Clark did not hold any shares in the
Company prior to this.
The Company has also been notified that all PDMRs with eligible
shareholdings, representing 3.6% of the issued share capital, have
subscribed for basic entitlement shares in the open offer as
detailed in the following table:
Current % Subscribed Resulting %*
Simon Humphrey 1,832,000 1.82% 50,000 1,882,000 1.70%
Toby Schumacher 631,000 0.63% 16,666 647,666 0.59%
Mike Townend 605,000 0.60% 43,296 648,296 0.59%
Stephen Heaps 550,000 0.55% 55,000 605,000 0.55%
* assumes 100% of the open offer is subscribed
The PDMRs have also applied for 17,203 excess entitlement shares
which will be allocated appropriately and disclosed following the
close of the Open Offer based on the take up of the excess
entitlements. There is therefore no guarantee that this will be the
exact number of shares taken up by the PDMRs. The open offer is due
to close on Friday 26(th) October 2018 at 11am.
Individual PDMR shareholdings will be disclosed in due course
for both the basic and excess entitlements.
Simon Humphrey, Modern Water's CEO, said: "I am pleased to see
our open offer has been supported by all of the company's senior
management team that were able to participate".
--Ends--
For further information:
Modern Water plc +44 (0) 1483 696 000
Simon Humphrey, Chief Executive
WH Ireland Limited (Nominated Adviser) +44 (0) 207 220 1666
Chris Fielding
James Sinclair-Ford
Hayley Richardson (Corporate Broker)
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dr Piers Clark
--------------------------------- ----------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position / status Non-Executive Director
--------------------------------- ----------------------------------------
b) Initial notification / amendment Initial notification
--------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Modern Water plc
--------------------------------- ----------------------------------------
b) LEI 213800MTSDJQ13UBC211
--------------------------------- ----------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; (iv) each place where transactions have
been conducted
---------------------------------------------------------------------------
a) Description of financial Ordinary shares of 0.25p each
instrument,
type of instrument
--------------------------------- ----------------------------------------
Identification Code GB00B1XF5X66
--------------------------------- ----------------------------------------
b) Nature of the transaction Purchase of ordinary shares
of 0.25p each
--------------------------------- ----------------------------------------
c) Price(s) and volume(s) Price: 9.5p
Volume: 227,272
--------------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume * Aggregated volume: 227,272
- Price
* Price: 9.50p
--------------------------------- ----------------------------------------
e) Date of the transaction 23 October 2018
--------------------------------- ----------------------------------------
f) Place of the transaction London
--------------------------------- ----------------------------------------
Notes to editors:
Modern Water is a pioneering and innovative technology company,
specialising in membrane water treatment solutions and advanced
monitoring products. The company works for customers in a range of
industries across the globe and owns proprietary technologies for
use in a diverse range of applications. Modern Water's Monitoring
Division has a portfolio of world-leading toxicity and trace metal
monitoring products, some of which constitute the regulatory
standard. The headline technology of the Company's Membrane
Division, called "AMBC", can be used to tackle complex wastewater
treatment problems at a reduced cost compared to standard
processes, while being simple to operate.
www.modernwater.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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