tiprankstipranks
Trending News
More News >

Water Intelligence PLC Executes Share Buyback to Enhance Strategic Financial Management

Story Highlights
  • Water Intelligence PLC bought 5,000 of its own shares at 390 pence each.
  • The transaction affects voting rights, now totaling 19,434,038, impacting shareholder calculations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Water Intelligence ( (GB:WATR) ) has issued an announcement.

Water Intelligence PLC announced the purchase of 5,000 of its own ordinary shares at a price of 390 pence each, as authorized by shareholders in October 2024. This transaction, executed through Dowgate Capital, results in the company holding 133,650 shares in treasury, with the total number of voting rights now at 19,434,038. The move is part of the company’s strategic financial management, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules.

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 operates in the water management industry, focusing on providing innovative solutions to address water leakage issues.

YTD Price Performance: -11.52%

Average Trading Volume: 26,397

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £70.95M

For a thorough assessment of WATR stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App