Water Intelligence PLC Executes Share Buyback to Optimize Capital Structure

Water Intelligence ( (GB:WATR) ) has provided an update.

Water Intelligence PLC announced the purchase of 7,500 of its own ordinary shares at 365 pence each, as part of a transaction authorized by shareholders. This move, executed through Dowgate Capital, aims to manage the company’s share capital and potentially enhance shareholder value. Following this transaction, the company holds 148,650 ordinary shares in treasury, impacting the total voting rights, which now stand at 19,419,038 ordinary shares.

More about Water Intelligence

Water Intelligence PLC is a leading multinational company specializing in precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water. The company focuses on providing innovative solutions to address water leakage issues, enhancing water conservation and management across various markets.

YTD Price Performance: -11.52%

Average Trading Volume: 28,439

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £71.88M

Learn more about WATR stock on TipRanks’ Stock Analysis page.