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