24 October 2018
Modern Water plc
("Modern Water" or "the Company")
Director/PDMR Shareholding and Open Offer Update
| 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 |
--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 instrument, type of instrument | Ordinary shares of 0.25p each |
| 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 - Price
|
- Aggregated volume: 227,272 - 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.