Water Intelligence (GB:WATR) has released an update.
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Water Intelligence announces its plan to repurchase up to 1,956,769 of its Ordinary Shares to enhance shareholder value and liquidity, as detailed in its latest Circular, which also includes a Notice of Annual General Meeting. The company seeks shareholder approval for a waiver related to Rule 9 of the Takeover Code, which could obligate a buyout offer if their share buyback increases the Concert Party’s voting rights past a certain threshold. The company’s interim results for the first half of 2024 will also be released in the upcoming week.
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